Jayesh Logistics Limited Utilizes IPO Proceeds for Fleet Expansion and Working Capital
Jayesh Logistics Limited has received an official certification detailing the utilization of its Initial Public Offer (IPO) proceeds. The certificate, dated May 15, 2026, confirms that the company’s accounting records, including trial balances and bank statements, were reviewed to track fund deployment up to March 31, 2026.According to the review conducted by GGPS and Associates, the company has allocated its IPO funds across several key operational areas, including fleet expansion, technology implementation, and general working capital requirements.
The utilization details are comprehensively laid out in the attached certificate, which tracks the original budgeted amounts against the actual amounts utilized by Jayesh Logistics Limited.
| Object as disclosed in the Offer Document | Amount disclosed in the Offer Document | Actual Utilized Amount | Unutilized Amount | Remarks |
|---|---|---|---|---|
| Purchase side wall trailers | 884.75 | 884.75 | - | - |
| Implementation for phase 2 of Smart Logistics Application | 71.5 | 13.31 | 58.19 | - |
| Working capital requirement | 1,123.75 | 1,123.75 | - | - |
| General Corporate purposes | 388.34 | 388.34 | - | - |
| IPO Expenses | 395 | 388.96 | 6.04 | - |
| Total | 2,863.34 | 2,799.11 | 64.23 |
The data confirms that out of the total IPO proceeds disclosed at 2,863.34, the company has utilized 2,799.11. A total of 64.23 remains unutilized across the listed heads.
JAYESH Stock Price Movement
Today, Jayesh Logistics Limited shares edged higher, gaining 1.20% to settle at ₹169.00. The stock saw healthy momentum in the session, trading a total of 10,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.