Jet Freight Logistics Limited is a freight forwarding company that was founded in 2006. Jet Freight Logistics is a technology-driven company that aspires to be an internationally recognised freight forwarder that serves customers from all over the world.
Jet Freight Logistics has been recognized and awarded with top-performer certifications by various Indian and International Airlines and Institutions. The specialties of Jet Freight Logistics are:
- Servicing Perishables
- Time-sensitive express shipments
- General Cargo
- ODC
- Hazardous Cargo
The company currently has 11 sales support branches in India and is constantly expanding its horizon. They are driven to establish worldwide footprints in the United Arab Emirates and the Netherlands, and they have an agency network in over 150 countries.
Objects of the Issue:
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
- To finance the capital expenditure for purchase of warehouse;
- To part finance the requirement of Working Capital;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Jet Freight Logistics Rights Issue 2023 Detail
| Issue Open | Jan 20, 2023 – Jan 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 | Jan 11, 2023 |
| Credit of Rights Entitlements | Jan 16, 2023 |
| Bid/Offer Opens On | Jan 20, 2023 |
| Renunciation of Rights Entitlements | Jan 25, 2023 |
| Bid/Offer Closes On | Jan 31, 2023 |
| Deemed Date of Allotment | Feb 7, 2023 |
| Credit Date | Feb 9, 2023 |
| Listing Date | Feb 13, 2023 |
Jet Freight Logistics Limited Financial Information (Consolidated)
| 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 |
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: [email protected]
Website: https://www.jfll.com
Jet Freight Logistics Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Jet Freight Logistics Rights Issue 2023 FAQs
Q1. When is Jet Freight Logistics Rights Issue 2023 coming?
Ans. The Jet Freight Logistics Rights Issue 2023 opens on Jan 20, 2023, and closes on Jan 31, 2023.
Q2. What is the schedule for Jet Freight Logistics Rights Issue 2023?
Ans. Jet Freight Logistics Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Jan 16, 2023 Last Date for renunciation of Rights Entitlements Jan 25, 2023 Issue Opening Date Jan 20, 2023 Issue Closing Date Jan 31, 2023 Date of Allotment (on or about) Feb 7, 2023 Date of Credit (on or about) Feb 9, 2023 Date of Listing (on or about) Feb 13, 2023
Q3. What is the issue price for Jet Freight Logistics Rights Issue 2023?
Ans. Jet Freight Logistics Rights Issue 2023 price is set at ₹16.25 per share per equity share.
Q4. In what ratio is the Jet Freight Logistics Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 fully paid-up equity share for every 1 fully paid-up equity share held (Jan 11, 2023).
Q5. What is the record date for Jet Freight Logistics Rights Issue 2023?
Ans. The record date for the Jet Freight Logistics Rights Issue 2023 is Jan 11, 2023.
Q6. What is the issue size of Jet Freight Logistics Rights Issue 2023?
Ans. 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.
Q7. Where can I get the Letter of Offer for Jet Freight Logistics Rights Issue 2023?
Ans. The Letter of Offer for Jet Freight Logistics Rights Issue 2023
Q8. How to apply for Jet Freight Logistics Rights Issue 2023?
Ans. You can apply for Jet Freight Logistics Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Jet Freight Logistics Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Jet Freight Logistics Rights Issue 2023 available on the list.
- Click the Apply button next to the Jet Freight Logistics Rights Issue 2023.
- Fill and check your information.
- 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)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Jet Freight Logistics Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
