The Kaushalya Logistics date has been confirmed from December 29, 2023 and closes on January 3, 2024.
Kaushalya Logistics Developers IPO is a fixed price issue of Rs 36.60 crores. The price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.
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Bidding Dates
Dec 29-Jan 3
Price Range
₹71 to ₹75 per share
Face Value
₹10 per share
GMP
₹45
Kaushalya Logistics IPO GMP
The Kaushalya Logistics IPO GMP is ₹45.
IPO Overview
The Kaushalya Logistics IPO is a book-built offering worth Rs 36.60 crores. The offering consists of a fresh issue of 33.8 lakh shares worth Rs 25.35 crores and an offer for sale of 15 lakh shares worth Rs 11.25 crores. The subscription period for the Kaushalya Logistics IPO begins on December 29, 2023 and ends on January 3, 2024.
The Kaushalya Logistics IPO allotment is expected to be completed on Thursday, January 4, 2024. The IPO of Kaushalya Logistics will be listed on the NSE SME on Monday, January 8, 2024. The organisation has a main office in New Delhi and a regional office in Chennai, and it provides services throughout Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan. The company employs 142 people in total.
Kaushalya Logistics IPO Details
| IPO Date | December 29, 2023 to January 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,880,000 shares (aggregating up to ₹36.60 Cr) |
| Fresh Issue | 3,380,000 shares (aggregating up to ₹25.35 Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹11.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,100,000 |
| Share holding post issue | 18,480,000 |
| Market Maker portion | 254,000 shares |
Kaushalya Logistics Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,069.86 | 6,493.87 | 3,276.49 |
| Revenue | 63,216.41 | 6,358.92 | 3,328.40 |
| Profit After Tax | 705.87 | 376.61 | 299.69 |
| Net Worth | 1,933.64 | 1,226.62 | 849.60 |
| Reserves and Surplus | 1,918.64 | 1,211.62 | 834.60 |
| Total Borrowing | 3,213.34 | 2,476.88 | 1,070.36 |
Kaushalya Logistics IPO Timeline
| IPO Open Date | Friday, December 29, 2023 |
| IPO Close Date | Wednesday, January 3, 2024 |
| Basis of Allotment | Thursday, January 4, 2024 |
| Initiation of Refunds | Friday, January 5, 2024 |
| Credit of Shares to Demat | Friday, January 5, 2024 |
| Listing Date | Monday, January 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2024 |
Company Profile
Kaushalya Logistics Limited, founded in August 2007, provides clearing and forwarding services to a large cement industry in India. Through an online e-commerce platform, the company also distributes electronics and home appliances. The company began the commercial real estate leasing market in fiscal year 2022-23. The following services are provided by the company:
- Logistics & Transportation – The company provides customised services to cement companies including multimodal transportation, pick-up, packing,
delivery, distribution and full documentation.
- Land transportation – This service includes the transportation of the customer’s goods by land. The company receives the goods shipped by rail from the cement companies and organises the local transport to the warehouses.
- Warehousing and distribution – The warehouses used by Kaushalya Logistics are owned or rented by the customers. The company offers complete warehousing solutions, from creating invoices and delivery bills via the customer’s ERP system to organising transportation for delivery to distributors through third-party providers. The company takes full responsibility for door-to-door delivery, i.e. it collects the consignment from the shipper and delivers it to the consignee.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | compliances@skylinerta.com |
| Website | skylinerta.com |
Contact Details
| Name | Kaushalya Logistics Limited |
| Phone number | +91-011-4132-6013 |
| Email ID | info@kaushalya.co.in |
| Website | kaushalya.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
