Jayesh Logistics IPO Subscribed 6.02 times on Day 2; Institutional and Retail Demand Drives Subscription

Kolkata, October 28, 2025 – The ₹29 crore initial public offering (IPO) of Jayesh Logistics Limited witnessed sustained investor interest on the second day of bidding, with the issue subscribed 6.02 times up to 12:39 p.m. IST. The IPO witnessed bids for 1.01 crore shares against the 16.71 lakh shares reserved for public subscription, this is excluding the portion reserved for the market maker.

Jayesh Logistics Category-wise Subscription (Day 2)

Jayesh Logistics IPO saw high levels of investor participation across all investor categories, with Qualified Institutional Buyers (QIBs) subscribing 5.02 times, Non-Institutional Investors (NIIs) leading the interest at 11.05 times, and Retail Individual Investors (RIIs) bidding 4.53 times their quota. The high demand across investor groups reflects high market confidence in the company’s future. Foreign institutional investors (FIIs) and high-net-worth individuals (HNIs) have been driving subscription momentum, while retail participation also kept going up during the session.

Jayesh Logistics Bidding Summary by Price Level (₹/Share)

Sturdy offers were witnessed throughout the higher price band, with majority of the demand gathering at ₹120–₹122 a share, reflecting strong pricing confidence of investors.

Jayesh Logistics IPO Details

IPO opened on October 27, 2025, and will close on October 29, 2025, with an issue size of ₹29 crore consisting of 23.47 lakh shares. Offer price band is ₹120 to ₹122 per share, and the lot size is 1,000 shares. The equity shares of the company are proposed to be listed on NSE EMERGE on November 3, 2025. Indcap Advisors Pvt. Ltd. is acting as the lead manager of the issue, whereas KFin Technologies Ltd. is the registrar to the IPO.

Jayesh Logistics Anchor Investor Round

Before the public issue, the company collected ₹6.78 crore from anchor investors on October 24, 2025, by issuing 5.56 lakh shares at ₹122 per share. Prominent participants included Vira Bharat Opportunity Fund, Amesta Global Opportunities Fund, Fortune Hands Growth Fund, and Shine Star Build Cap Pvt. Ltd.

Company Overview

Established in 2011, Jayesh Logistics Limited offers multimodal transportation and logistics services through road and rail to more than 200 industrial customers in the heavy machinery, cement, and steel industries. The company has a fleet of 95 trucks and uses third-party logistics providers to augment capacity during peak season.

SMART-SYS, the AI-based logistics management platform being developed by the company, aims to enhance real-time traceability, route optimization, and operational effectiveness, highlighting its focus on technological development in logistics.

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