Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Nov 24, 2016 - Mon, Nov 28, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Nov 24, 2016
IPO Close
Mon, Nov 28, 2016
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹15.26 Cr
| IPO Date | 24 to 28 Nov, 2016 |
| Listed on | Tue, Dec 6, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,52,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 76,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2128 Cr) |
| Fresh Issue (Ex Market Maker) | 13,76,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 13,76,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 39,98,473 shares |
| Share Holding Post Issue | 54,50,473 shares |
| NSE Symbol | JETFREIGHT |
| ISIN | INE982V01017 |
Jet Freight Logistics IPO comprises a total issue size of 14,52,000 shares. The net offer to the public is 13,76,000 shares, after excluding 76,000 shares allotted on a firm basis. Of the Net offer 6,88,000 (50.00%) allocated to NII 6,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,88,000 | 50.00% | 47.38% |
| Retail Shares Offered | 6,88,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 76,000 | 5.23% | |
| Total Shares Offered | 14,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 3.71 |
| 2 | Issue Expenses | 0.36 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc | 0.29 |
| 2 | Regulatory Fees & Other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹33.60 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
Jet Freight Logistics IPO is a SME IPO of 14,52,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Nov 24, 2016, and closes on Mon, Nov 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 Thu, Nov 24, 2016 and closes on Mon, Nov 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 Tue, Dec 6, 2016.
