Jayesh Logistics IPO Lists at ₹120 on NSE EMERGE With No Premium and No Discount

Kolkata, November 3: Jayesh Logistics Limited made its debut on NSE Emerge today, listing at ₹120 per share, matching its issue price, reflecting neither a premium nor a discount. As of 11:45 AM, the stock had slipped 2.62% to ₹118.80, down ₹3.20 from the listing price. So far, the shares have traded between ₹121.95 and ₹114, with a total volume of 10.25 lakh shares. The company’s market capitalisation currently stands at ₹104.3 crore.

Jayesh Logistics Limited is an Indian company that offers logistics and supply chain services. The company was established in 2011 and is headquartered in Kolkata, West Bengal. The shares of the company listed today on NSE Emerge with the ticker symbol JAYESH.

Jayesh Logistics Raised ₹6.78 Crore from Anchor Investors

On October 24, ahead of the IPO, Jayesh Logistics raised ₹6.78 crore from anchor investors by allocating 5,56,000 shares at ₹122 each. Key investors included Vira Bharat Opportunity Fund, Amesta Global Opportunities Fund, LRSD Securities Pvt Ltd, Fortune Hands Growth Fund, and Shine Star Build Cap Pvt Ltd.

Jayesh Logistics IPO Subscribed 65.59 Times

Jayesh Logistics IPO witnessed a strong investor response, with an overall subscription status of 65.59 times. The issue was led by Non-Institutional Investors (NIIs), who subscription status  138.75 times, followed by Retail Investors at 51.79 times and Qualified Institutional Buyers (QIBs) at 40.86 times, reflecting robust demand across all investor categories.

What’s Ahead for Jayesh Logistics?

Jayesh Logistics received overwhelming demand from investors when its issue was open for subscription. The anchor book also saw an investment of ₹6.78 crore. However, the stock’s listing failed to deliver any listing gains, debuting flat and later slipping below the issue price. The muted debut has left investors disappointed, though many remain hopeful for a rebound in the coming sessions.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations