IPO Issue Details
Issue Price / Price Band₹28 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size14,52,000 shares (aggregating up to ₹4.07 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 24 Nov 2016
Subscription CloseMon, 28 Nov 2016
Anchor AllotmentWed, 23 Nov 2016
Basis of AllotmentSun, 04 Dec 2016
Initiation of RefundsMon, 05 Dec 2016
Credit of Shares to DematMon, 05 Dec 2016
Listing DateTue, 06 Dec 2016
UPI Mandate Deadline2016-11-28
Application & Investment Details
Retail — Min (1 Lots)₹1,12,000 — 4,000 shares
Retail — Max (13 Lots)₹1,456,000 (13 Lots)
HNI — Min (2 Lots)₹2,24,000 — 8,000 shares
Net Offer to Public13,76,000 shares (aggregating up to ₹3.85 Cr)
Reserved for Market Maker76,000 shares (aggregating up to ₹0.2128 Cr)
Pre-IPO Promoter Holding39,98,473 shares
Post-IPO Promoter Holding54,50,473 shares
About Jet Freight Logistics Ltd.
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.
Objects of the Issue
Jet Freight Logistics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
3.71
Shareholding & Lock-in
Pre-IPO Promoter Holding
39,98,473 shares
Post-IPO Promoter Holding
54,50,473 shares