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Jet Freight Logistics Limited Rights Issue (Jet Freight Logistics Rights Issue 2023) Detail

January 20, 2023 - January 31, 2023
Jet Freight Logistics Limited Logo

Incorporated in 2006, Jet Freight Logistics Limited is in the business of Freight Forwarding. Jet Freight Logistics is a technology-driven entity thriving to become a freight forwarder globally and serve customers from different parts.

The specialties of Jet Freight Logistics are:

  • Servicing Perishables
  • Time-sensitive express shipments
  • General Cargo
  • ODC
  • Hazardous Cargo

Jet Freight Logistics has been recognized and awarded with top-performer certifications by various Indian and International Airlines and Institutions.

Currently, the company has sale support centers in 11 cities in India and is continuously expanding its horizon. They are driven to mark their international footprints in UAE, and The Netherlands, and have an agency network in over 150 countries.

Jet Freight Logistics Rights Issue 2023 Detail

Issue Open January 20, 2023 - January 31, 2023
Security Name Jet Freight Logistics Limited
Issue Size (Shares) 23,201,892
Issue Size (Amount) ₹37.70 Crores
Issue Price ₹16.25 per share
Face Value ₹5 per share
Listing At BSE, NSE
Terms of Payment

Full amount of Rs. 16.25 per Equity Share is payable on application.

Entitlement 1 fully paid-up equity share for every 1 fully paid-up equity share held

Jet Freight Logistics Rights Issue 2023 Issue Timetable

Record Date January 11, 2023
Credit of Rights Entitlements January 16, 2023
Bid/Offer Opens On January 20, 2023
Renunciation of Rights Entitlements January 25, 2023
Bid/Offer Closes On January 31, 2023
Deemed Date of Allotment February 7, 2023
Credit Date February 9, 2023
Listing Date February 13, 2023

Company Financials

Jet Freight Logistics Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21100.97352.482.09
31-Mar-22113.53462.062.97
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.

  1. To finance the capital expenditure for purchase of warehouse;
  2. To part finance the requirement of Working Capital;
  3. To meet General corporate purposes;
  4. To meet the expenses of the Issue.

Jet Freight Logistics Rights Issue 2023 Documents

Jet Freight Logistics Rights Issue 2023 Rating

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Jet Freight Logistics Rights Issue 2023 Reviews

Company Contact Information

Jet Freight Logistics Limited
C/706, Pramukh Plaza, Cardinal Gracious Road,
Opp. Holy Family Church, Chakala,
Andheri East Mumbai - 400099

Phone: +91-22 6104 3700
Email: contactus@jfll.com
Website: https://www.jfll.com/

Jet Freight Logistics Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Jet Freight Logistics Rights Issue 2023 Lead Manager(s)

Jet Freight Logistics Rights Issue 2023 FAQs

The Jet Freight Logistics Rights Issue 2023 opens on January 20, 2023, and closes on January 31, 2023.

Jet Freight Logistics Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJanuary 16, 2023
Last Date for renunciation of Rights EntitlementsJanuary 25, 2023
Issue Opening DateJanuary 20, 2023
Issue Closing DateJanuary 31, 2023
Date of Allotment (on or about)February 7, 2023
Date of Credit (on or about)February 9, 2023
Date of Listing (on or about)February 13, 2023

Jet Freight Logistics Rights Issue 2023 price is set at ₹16.25 per share per equity share.

The eligible shareholders are being offered 1 fully paid-up equity share for every 1 fully paid-up equity share held (January 11, 2023).

The record date for the Jet Freight Logistics Rights Issue 2023 is January 11, 2023.

The issue size of Jet Freight Logistics Rights Issue 2023 is of 23,201,892 equity shares at ₹16.25 per share aggregating upto ₹37.70 Crores.

The Letter of Offer for Jet Freight Logistics Rights Issue 2023 can be download here.

You can apply for Jet Freight Logistics Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Jet Freight Logistics Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Jet Freight Logistics Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Jet Freight Logistics Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Jet Freight Logistics Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Jet Freight Logistics Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Compare rights issues with Jet Freight Logistics Rights Issue 2023