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Jet Freight Logistics IPO is a fixed price issue of ₹4.07 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹4.07 crore.
Jet Freight Logistics IPO bidding started from Nov 24, 2016 and ended on Nov 28, 2016. The shares got listed on NSE SME on Dec 6, 2016.
Jet Freight Logistics IPO price is ₹28.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Jet Freight Logistics IPO RHP for detailed Information.
| IPO Date | November 24, 2016 to November 28, 2016 |
| Listing Date | December 6, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,52,000 shares (aggregating up to ₹4.07 Cr) |
| Reserved for Market Maker | 76,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2128 Cr) |
| Net Offered to Public | 13,76,000 shares (aggregating up to ₹3.85 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,98,473 shares |
| Share Holding Post Issue | 54,50,473 shares |
Jet Freight IPO offers total 14,52,000 shares. Out of which 6,88,000 (47.38%) allocated to NII, 6,88,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 76,000 (5.23%) |
| NII (HNI) Shares Offered | 6,88,000 (47.38%) |
| Retail Shares Offered | 6,88,000 (47.38%) |
| Total Shares Offered | 14,52,000 (100.00%) |
Jet Freight Logistics IPO opens on November 24, 2016, and closes on November 28, 2016.
| IPO Open Date | Thu, Nov 24, 2016 |
| IPO Close Date | Mon, Nov 28, 2016 |
| Tentative Listing Date | Tue, Dec 6, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 28, 2016 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
Jet Freight Logistics Ltd (JFLL) is engaged in logistics business having branches located in various cities in India. Company is registered with International air transport association (IATA) agent for Air cargo. JFLL is providing services for Perishable cargo, Time sensitive cargo and also provide Shipment of Hazardous cargo, ODC consignments, pharmaceutical cargo, temperature controlled and general cargo. Its main segment is transport of perishable cargo which includes handling frozen and chilled meat, seafood, vegetables, fruits, cut flowers and pharmaceutical products.
The company has tie ups with various airlines in the world in order to provide tailor made solutions based on customer needs. It offers the best rates along with the best airline options. JFLL has also tied up with various agents across the world who provide services of making the goods reach from international Airport to the respective destinations depending upon the client needs. The company as a freight forwarder take full responsibilities of shipment from the point of receipt to the point of destination .Pricing is based on nature of goods, location, type of service and facility given to the customer. However sector at which the goods are been sent plays a very crucial role in deciding the price of the goods.
The Company Jet Freight Logistics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 3.71 |
| 2 | Issue Expenses | 0.36 |
[Dilip Davda] Cash surplus investors may park funds for long term. Read detail review...
| Listing Date | December 6, 2016 |
| BSE Script Code | |
| NSE Symbol | JETFREIGHT |
| ISIN | INE982V01017 |
| Final Issue Price | ₹28 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹33.60 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Jet Freight Logistics Ltd.
C-706, Pramukh Plaza,
Chakala, Andheri (E),
Mumbai – 400099
Mumbai, Maharashtra
Phone: +91-22-26817441
Email: info@jetfreight.in
Website: http://www.jetfreight.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jet Freight Logistics IPO is a SME IPO of 14,52,000 equity shares of the face value of ₹10 aggregating up to ₹4.07 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on November 24, 2016, and closes on November 28, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jet Freight Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Jet Freight Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jet Freight Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jet Freight Logistics IPO opens on November 24, 2016 and closes on November 28, 2016.
Jet Freight Logistics IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Jet Freight Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jet Freight Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jet Freight Logistics IPO allotment status.
The Jet Freight Logistics IPO listing date is on Tuesday, December 6, 2016.
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