₹37.70 Crores | Listing at BSE, NSE | Fri, Jan 20, 2023 - Tue, Jan 31, 2023
Jet Freight Logistics Limited Rights Issue comprises 2.32 Cr equity shares aggregating to ₹37.70 Cr, offered at an issue price of ₹16.25 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is Jan 11, 2023.
As per the terms of payment, ₹16.25 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 16, 2023.
The Rights Issue opens on Jan 20, 2023 and closes on Jan 31, 2023.
The deemed date of allotment is Feb 7, 2023, following which the equity shares are expected to be credited to demat accounts on Feb 9, 2023 and listed on NSE and BSE on Feb 13, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Jet Freight Logistics Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jan 11, 2023
Entitlement Ratio
:
Open Date
Fri, Jan 20, 2023
Close Date
Tue, Jan 31, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 100.97 | 352.48 | 2.09 |
| 31-Mar-22 | 113.53 | 462.06 | 2.97 |
| Amount in ₹ Crore | |||
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:
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.
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company is operating in a highly competitive segment and witnessing pressure on margins. This is indicative of the H1 FY23 performance of the company. Well-informed/risk-seekers/cash surplus investors only may consider parking funds with a long-term perspective. Read detail review...
Jet Freight Logistics Limited
C/706, Pramukh Plaza, Cardinal Gracious Road,
Opp. Holy Family Church, Chakala,
Andheri East Mumbai - 400099
Andheri, Maharashtra, 400099
The Jet Freight Logistics Rights Issue 2023 opens on Fri, Jan 20, 2023, and closes on Tue, Jan 31, 2023.
Jet Freight Logistics Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Jan 16, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Jan 25, 2023 |
| Issue Opening Date | Fri, Jan 20, 2023 |
| Issue Closing Date | Tue, Jan 31, 2023 |
| Date of Allotment (on or about) | Tue, Feb 7, 2023 |
| Date of Credit (on or about) | Thu, Feb 9, 2023 |
| Date of Listing (on or about) | Mon, Feb 13, 2023 |
You can apply for Jet Freight Logistics Rights Issue 2023 in two ways:
Steps to apply for Jet Freight Logistics Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Jet Freight Logistics Rights Issue 2023 using Registrar's website (R-WAP)
