Jet Freight Logistics Rights Issue

Jet Freight Logistics Rights Issue will open for subscription from 20 January 2023. the company aims for an issue size of ₹37.70 Crores through this rights Issue.

Jet Freight Logistics Limited

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.

Objectives of the Issue

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

Rights Issue Timetable

Record Date11 January 2023
Credit of Rights Entitlements16 January 2023
Bid/Offer Opens On20 January 2023
Renunciation of Rights Entitlements25 January 2023
Bid/Offer Closes On31 January 2023
Deemed Date of Allotment07 February 2023
Credit Date09 February 2023
Listing Date13 February 2023

Jet Freight Logistics Rights Issue Details

Issue OpenJan 20, 2023 – Jan 31, 2023
Security NameJet 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 AtBSE, NSE
Terms of PaymentFull amount of Rs. 16.25 per Equity Share is payable on application.
Entitlement1 fully paid-up equity share for every 1 fully paid-up equity share held

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

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

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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