Jayesh Logistics IPO subscribed 20.41 times so far on day 3: Check allotment date and steps

Jayesh Logistics IPO: The initial public offering of logistics solutions provider Jayesh Logistics has been subscribed 20.41 times so far on Wednesday, October 29, the final day of bidding.

The IPO has got bids for 3,65,59,000 shares as against 17,91,000 shares on offer, according to the data on the NSE website until 1:23 pm.

The company is seeking to raise ₹28.63 crore via solely a fresh issue component of 23,47,000 shares.

The funds generated will be used for the purchase of sidewall trailers, working capital needs, funding the implementation of phase 2 of Smart Logistics Application and corporate general purposes.

With a price band of ₹116 to ₹122 per share, the minimum investment for retail investors is 2,000 shares.

Jayesh Logistics Ltd offers logistics solutions with a key focus on cross-border cargo movements across the Indo-Nepal Corridor and the Nepal hinterland. It serves sectors like FMCG and retail, automotive and heavy equipment, manufacturing and industrial goods, and the pharma sector, among others.

Jayesh Logistics IPO allotment and listing date

Jayesh Logistics IPO allotment status will likely be finalised on Thursday, October 30. The listing on the NSE SME platform will occur on November 3.

How to check Jayesh Logistics IPO allotment status on NSE

• Go to NSE's official allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick ‘Jayesh Logistics’ under the symbol ‘JAYESH’
• Enter your PAN details and application number
• Click on submit

Jayesh Logistics IPO allotment status on KFin Technologies; check full steps

• Head to the registrar's official page: https://ipostatus.kfintech.com/
• In the ‘Select IPO’ list, pick 'Jayesh Logistics Ltd'
• Add your IPO application number, PAN and Demat account number
• Click on ‘Submit’

Jayesh Logistics IPO GMP