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Jayesh Logistics IPO
Jayesh Logistics Ltd
₹2,32,000 /1000 sharesMinimum Investment
Jayesh Logistics IPO listing details
| Listed on | Issue price | Listing price | Listing gains |
|---|---|---|---|
| -- | ₹122.00 | ₹120.00 | -₹2.00 (1.64%) |
Jayesh Logistics IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 27 Oct ‘25 - 29 Oct ‘25 | ₹2,32,000 | 1,000 | ₹116 - ₹122 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 28.63 Cr | RHP PDF | 30 Oct ‘25 | 03 Nov ‘25 |
Subscription rate
As of 29 Oct'25, 04:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 98.95x |
| Retail Individual Investor | 45.19x |
| Total | 54.78x |
About Jayesh Logistics
Founded in
2011
MD/CEO
Mr Sanjay Kumar Kundaliya
Parent organisation
Jayesh Logistics Ltd
Strengths & Risks of Jayesh Logistics
Strengths
Risks
Jayesh Logistics claims to have developed and deployed an integrated logistics IT solution called SMART-SYS. This system combines enterprise resource planning (ERP), fleet tracking (GPS/RFID), blockchain-enabled electronic proof of delivery, and artificial intelligence (AI)-driven customer relationship management (CRM) modules to streamline logistics operations. It supports real-time data tracking, process automation, and route optimisation, aiming to enhance operational efficiency and service reliability.
The company caters to a varied range of clients across multiple sectors, including iron and steel, cement, heavy industrial machinery, infrastructure equipment, and engineering and construction. Jayesh Logistics claims to maintain long-term associations with key customers, which contributes to business stability and diversified revenue sources.
The company is ISO 9001:2015 certified for its quality management system and ISO 14001:2015 certified for its environmental management system.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 51.27 crore in FY22 to Rs 60.34 crore in FY23 and Rs 88.26 crore in FY24. PAT increased from Rs 0.96 crore in FY22 to Rs 1.09 crore in FY23 and Rs 3.16 crore in FY24.
Jayesh Logistics derives a significant portion of its revenue from operations in the India-Nepal Corridor. It accounted for Rs 45.29 crore (57.02 percent) of the company’s revenue for the period ended January 31, 2025; Rs 60.09 crore (68.09 percent) in FY24, Rs 47.65 crore (78.96 percent) in FY23, and Rs 47.24 crore (92.15 percent) in FY22. Any disruption in this region could negatively impact the company’s operations, revenue, and overall financial condition.
The top five customers accounted for Rs 45.61 crore (57.42 percent) of the company’s revenue for the period ended January 31, 2025, Rs 51.08 crore (57.87 percent) in FY24, Rs 21.11 crore (34.99 percent) in FY23, and Rs 19.38 crore (37.80 percent) in FY22. Furthermore, the company has not entered into any fixed long-term contracts with these customers and caters to them on a consignment basis. Any failure to retain these key customers, expand the customer base, or loss of business from these clients can adversely affect the company’s business and profits.
The top five suppliers accounted for Rs 16.03 crore (24.36 percent) of the company’s total purchases for the period ended January 31, 2025; Rs 21.62 crore (28.66 percent) in FY24; Rs 10.54 crore (19.90 percent) in FY23; and Rs 8.96 crore (20.12 percent) in FY22. Furthermore, the top supplier alone accounted for Rs 5.17 crore (7.85 percent), Rs 9.31 crore (12.34 percent), Rs 3.76 crore (7.10 percent), and Rs 3.99 crore (8.95 percent) in the above periods respectively. Any disruption in supply or an inability to maintain these supplier relationships could adversely affect the company’s operations, purchases, and overall financial performance.
The company reported a negative cash flow from operating activities of Rs 2.61 crore in FY22. This was primarily due to a reduction in the credit period from trade creditors and other current liabilities. Additionally, negative cash flow from investing activities amounted to Rs 0.08 crore for the period ended January 31, 2025, Rs 15.56 crore in FY24, and Rs 2.34 crore in FY23. This was mainly attributed to capital expenditure on fixed assets and capital work-in-progress, partially offset by inflows from financing activities. Furthermore, the company reported a negative cash flow from financing activities of Rs 2.45 crore in FY23. This was on account of repayment of borrowings and servicing of interest costs. Persistent negative cash flows could strain liquidity, limit operational flexibility, and adversely impact the company’s ability to fund expansion or service financial obligations.
Jayesh Logistics has maintained a relatively high debt-equity ratio of 2.30, 3.38, 2.51, and 3.50 times for the period ended January 31, 2025, and FY24, FY23, and FY22, respectively. Servicing these debts requires significant cash flows, and existing financing arrangements impose restrictive covenants that may limit fundraising and expansion flexibility. Inability to generate sufficient cash or manage interest rate fluctuations could adversely impact the company’s liquidity, operations, and growth prospects.
Freight and supervision charges and trip expenses accounted for 83.04 percent of the company’s total cost of services consumed for the period ended January 31, 2025, 76.48 percent in FY24, 80.06 percent in FY23, and 87.74 percent in FY22. These costs are largely influenced by fluctuations in fuel prices and other external factors such as global crude oil prices and government policies. Any inability to pass on future increases in such operating expenses to customers could adversely affect the company’s profitability and overall financial performance.
The company’s directors and promoters are involved in certain ongoing tax proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
Jayesh Logistics is exposed to counterparty credit risk arising from delays or non-payment by clients and other business partners. As of FY25, it had trade receivables of Rs 35.59 crore, with overdue receivables exceeding six months, amounting to Rs 8.92 crore. This is an increase from Rs 22.90 crore in FY24, Rs 14.47 crore in FY23, and Rs 13.87 crore in FY22. Any sustained delay or default in payments could lead to cash flow mismatches, potential bad debts, and liquidity challenges.
Employee benefits constitute a significant expense for Jayesh Logistics, and managing these costs is essential to maintaining profitability. The company may be required to increase employee compensation to remain competitive and manage attrition, which could strain margins if such costs cannot be passed on to customers.
As of January 31, 2025, the company had outstanding financial indebtedness of Rs 29.77 crore. Failure to service or repay these loans can harm the company’s operations and financial position.
Jayesh Logistics Financials
*All values are in Rs. Cr
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Application Details of Jayesh Logistics IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹116 - 122 | ₹2 - 5 Lakh |
For Jayesh Logistics IPO, eligible investors can apply as Individual investor.