Bookbuilding IPO | ₹37 Cr | Listed at NSE SME | Fri, Dec 29, 2023 - Wed, Jan 3, 2024
Kaushalya Logistics IPO is a book build issue of ₹36.60 crores. The issue is a combination of fresh issue of 0.34 crore shares aggregating to ₹25.35 crores and offer for sale of 0.15 crore shares aggregating to ₹11.25 crores.
Kaushalya Logistics IPO bidding started from Dec 29, 2023 and ended on Jan 3, 2024. The allotment for Kaushalya Logistics IPO was finalized on Jan 4, 2024. The shares got listed on NSE SME on Jan 8, 2024.
Kaushalya Logistics IPO price band is set at ₹75 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Khandwala Securities Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Kaushalya Logistics IPO RHP for detailed Information.
IPO Open
Fri, Dec 29, 2023
IPO Close
Wed, Jan 3, 2024
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹138.98 Cr
| IPO Date | 29 Dec, 2023 to 3 Jan, 2024 |
| Listed on | Mon, Jan 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,80,000 shares (agg. up to ₹37 Cr) |
| Reserved for Market Maker | 2,44,800 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 31,35,200 shares (agg. up to ₹24 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (agg. up to ₹11 Cr) |
| Net Offered to Public | 46,35,200 shares (agg. up to ₹35 Cr) |
| Share Holding Pre Issue | 1,51,50,000 shares |
| Share Holding Post Issue | 1,84,80,000 shares |
| NSE Symbol | KLL |
| ISIN | INE0Q2V01012 |
Kaushalya Logistics IPO comprises a total issue size of 48,80,000 shares. The net offer to the public is 46,35,200 shares, after excluding 2,44,800 shares allotted on a firm basis. Of the Net offer 23,16,800 (49.98%) are allocated to QIB, 6,96,000 (15.02%) allocated to NII 16,22,400 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,16,800 | 49.98% | 47.48% |
| − Anchor Investor Shares Offered | 13,34,400 | 27.34% | |
| − QIB (Ex. Anchor) Shares Offered | 9,82,400 | 20.13% | |
| NII (HNI) Shares Offered | 6,96,000 | 15.02% | 14.26% |
| Retail Shares Offered | 16,22,400 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,44,800 | 5.02% | |
| Total Shares Offered | 48,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Kaushalya Logistics IPO raises ₹10.01 crore from anchor investors. Kaushalya Logistics IPO Anchor bid date is December 28, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Dec 28, 2023 |
| Shares Offered | 13,34,400 |
| Anchor Portion (₹ Cr.) | 10.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 3, 2024 |
Founded in August 2007, Kaushalya Logistics Limited provides clearing and forwarding services to a leading cement company in India. The company also distributes electronics and home appliances through an online e-commerce platform. In FY 2022-23, the company entered into the commercial real estate leasing business. The company offers the following services:
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.
The company offers its services in Tamil Nadu, Kerala, Karnataka, Bihar and Rajasthan and has its head office in New Delhi and a regional office in Chennai.
The company has a total of 142 employees.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 168.42 | 140.70 | 64.94 | 32.76 |
| Total Income | 570.53 | 632.16 | 63.59 | 33.28 |
| Profit After Tax | 2.15 | 7.06 | 3.77 | 3.00 |
| NET Worth | 21.48 | 19.34 | 12.27 | 8.50 |
| Reserves and Surplus | 21.33 | 19.19 | 12.12 | 8.35 |
| Total Borrowing | 54.89 | 32.13 | 24.77 | 10.70 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Unsecured Loans | 1.71 |
| 2 | Funding of working capital requirements of the Company | 17.26 |
| 3 | General Corporate Purposes | 6.14 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 36.50 |
| ROCE | 70.48 |
| Debt/Equity | 3.40 |
| RoNW | 36.50 |
| PAT Margin | 1.12% |
| EBITDA Margin | 2.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 470.58 | |
| P/E (x) | 0.16 | 16.2 |
| Promoter Holding | 99.99% | 72.98% |
| Market Cap | ₹138.98 Cr. |
The Kaushalya Logistics IPO is subscribed 390.88 times on January 3, 2024 7:30:00 PM (Day 4). The public issue subscribed 375.44 times in the retail category, 92.62 times in the QIB category, and 847.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 92.62 | 9,82,400 | 9,09,92,000 |
| NII* | 847.88 | 6,96,000 | 59,01,24,800 |
| Retail | 375.44 | 16,24,400 | 60,98,72,000 |
| Total | 390.88 | 33,02,800 | 1,29,09,88,800 |
Total Application : 3,81,170
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 0.52 |
| 2 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 0.15 |
| 3 | Fees payable to the Registrar of the Offer | 0.09 |
| 4 | Fees payable to the other advisors to the Offer/Company | 4.42 |
| 5 | Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.17 |
| 6 | Printing and distribution of Offer Stationery | 0.01 |
| 7 | Advertising and Marketing Expenses | 0.08 |
| 8 | Fees payable to the Legal Advisor to the Offer | 0.03 |
| 9 | Miscellaneous | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹100.00 |
| Low | ₹100.00 |
| High | ₹105.00 |
| Last Trade | ₹105.00 |
Lead Manager Reports
Kaushalya Logistics IPO is a SME IPO of 48,80,000 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Dec 29, 2023, and closes on Wed, Jan 3, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kaushalya Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Kaushalya Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kaushalya Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kaushalya Logistics IPO opens on Fri, Dec 29, 2023 and closes on Wed, Jan 3, 2024.
Kaushalya Logistics IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Kaushalya Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kaushalya Logistics IPO will be done on Thursday, January 4, 2024, and the allotted shares will be credited to your demat account by Fri, Jan 5, 2024. Check the Kaushalya Logistics IPO allotment status.
The Kaushalya Logistics IPO listing date is on Mon, Jan 8, 2024.
