Abhishek Sinha
The initial public offering (IPO) of Jayesh Logistics Ltd continued to attract strong investor interest on Day 2, with the issue subscribed 8.29 times so far, according to data available on Chittorgarh.com.
The Non-Institutional Investors (NII) category led the subscription momentum, while retail investors also showed robust participation.
Jayesh Logistics IPO Subscription Status (Day 2)
As of 6:54 PM on Tuesday:
- Overall Subscription: 8.29x
- Retail Investors: 7.27x
- Non-Institutional Investors (NIIs): 16.06x
- Qualified Institutional Buyers (QIBs): 5.02x
The IPO received 1,38,46,000 bids against 16,71,000 shares on offer, reflecting strong demand across investor categories. On Day 1, the IPO had been subscribed 4.29 times.
IPO Details
- Issue Open: October 27, 2025
- Issue Close: October 29, 2025
- Price Band: ₹116 – ₹122 per equity share
- Face Value: ₹10 per share
- Lot Size: 1,000 equity shares and multiples thereafter
- IPO Type: Fresh Issue (No OFS)
- Total Issue Size: 23.47 lakh new equity shares
The company aims to raise funds for:
- Acquisition of side-wall trailers: ₹8.8 crore
- Working capital requirements: ₹11.2 crore
- Phase 2 implementation of Smart Logistics app: ₹0.7 crore
- General corporate purposes: Remaining proceeds
Company Overview
Jayesh Logistics Ltd operates in the logistics and supply chain management industry, offering a wide range of freight and non-freight services including:
- Road and rail freight transport
- Truck rental services (Truck Forwarding Note – TFN)
- Customs clearance
- Loading/unloading
- Machinery rental
The company caters to over 200 clients across diverse sectors such as iron and steel, cement, infrastructure equipment, heavy machinery, and engineering construction.
Its business model covers both domestic and international consignments, delivering end-to-end logistics solutions.
Promoters and Competitors
The company’s founders include Sanjay Kumar Kundaliya, Navita Kundaliya, Bishnu Kumar Bajaj, Rashmi Bajaj, and Rishi Maheshwari, along with RHMB India Pvt Ltd.
Listed peers as per the Red Herring Prospectus (RHP):
- SJ Logistics India Ltd: P/E 10.69
- AVG Logistics Ltd: P/E 14.69
- Ritco Logistics Ltd: P/E 18.60
Jayesh Logistics IPO GMP Today
According to Investorgain.com, the Jayesh Logistics IPO grey market premium (GMP) stands at ₹7.
This indicates that shares are trading at a 5.74% premium in the unofficial market, suggesting an estimated listing price of ₹129 per share, compared to the issue price of ₹122.
The GMP reflects the investors’ willingness to pay a premium over the IPO price, hinting at a modest listing gain.
Analyst View
Analysts say Jayesh Logistics’ strong operational base, diverse client portfolio, and planned investment in digital logistics solutions make it well-positioned for growth. However, as an SME IPO, investors should remain mindful of liquidity and market volatility risks.
IPO Snapshot
| Particulars | Details |
|---|---|
| IPO Open Date | October 27, 2025 |
| IPO Close Date | October 29, 2025 |
| Issue Type | Book Built |
| Price Band | ₹116 – ₹122 |
| Lot Size | 1,000 shares |
| GMP Today | ₹7 |
| Expected Listing Price | ₹129 (Approx.) |
| Listing Date (Tentative) | November 4, 2025 |
Disclaimer:
The above article is for informational purposes only and does not constitute investment advice. The views and recommendations mentioned are those of individual analysts or brokerage firms. Investors should consult certified financial advisors before making investment decisions.
