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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 ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for 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 Date | December 29, 2023 to January 3, 2024 |
| Listing Date | January 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 48,80,000 shares (aggregating up to ₹36.60 Cr) |
| Reserved for Market Maker | 2,44,800 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.84 Cr) |
| Fresh Issue (Ex Market Maker) | 31,35,200 shares (aggregating up to ₹23.51 Cr) |
| Offer for Sale | 15,00,000 shares of ₹10 (aggregating up to ₹11.25 Cr) |
| Net Offered to Public | 46,35,200 shares (aggregating up to ₹34.76 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,51,50,000 shares |
| Share Holding Post Issue | 1,84,80,000 shares |
Kaushalya Logistics IPO offers total 48,80,000 shares. Out of which 23,16,800 (47.48%) allocated to QIB, 9,82,400 (20.13%) allocated to QIB, 6,96,000 (14.26%) allocated to NII, 16,22,400 (33.25%) allocated to RII and 13,34,400 (27.34%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,44,800 (5.02%) |
| QIB Shares Offered | 23,16,800 (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 (14.26%) |
| Retail Shares Offered | 16,22,400 (33.25%) |
| Total Shares Offered | 48,80,000 (100.00%) |
Kaushalya Logistics IPO raises ₹10.01 crore from anchor investors. Kaushalya Logistics IPO Anchor bid date is December 28, 2023. Kaushalya Logistics IPO Anchor Investors list
| Bid Date | December 28, 2023 |
| Shares Offered | 13,34,400 |
| Anchor Portion Size (In Cr.) | 10.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 3, 2024 |
Kaushalya Logistics IPO opens on December 29, 2023, and closes on January 3, 2024.
| IPO Open Date | Fri, Dec 29, 2023 |
| IPO Close Date | Wed, Jan 3, 2024 |
| Tentative Allotment | Thu, Jan 4, 2024 |
| Initiation of Refunds | Fri, Jan 5, 2024 |
| Credit of Shares to Demat | Fri, Jan 5, 2024 |
| Tentative Listing Date | Mon, Jan 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 3, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Kaushalya Logistics Limited's revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 16,842.35 | 14,069.86 | 6,493.87 | 3,276.49 |
| Total Income | 57,053.16 | 63,216.41 | 6,358.92 | 3,328.40 |
| Profit After Tax | 214.65 | 705.87 | 376.61 | 299.69 |
| Net Worth | 2,148.29 | 1,933.64 | 1,226.62 | 849.60 |
| Reserves and Surplus | 2,133.29 | 1,918.64 | 1,211.62 | 834.60 |
| Total Borrowing | 5,488.50 | 3,213.34 | 2,476.88 | 1,070.36 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kaushalya Logistics IPO is ₹138.98 Cr.
The company proposes to utilise the Net Proceeds for the following:
[Dilip Davda] The company is engaged in logistics services, e-commerce platform, realty business. All these segments are highly competitive and fragmented one. Based on FY24 annualized earnings, the issue appears fully priced. Its higher indebtedness raises concern. Considering bright prospects for infra push and higher consumption of cement, this specialized service providing company is heading for good time ahead. With the new awards in the pipeline, the management is confident for improving its performance. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | January 8, 2024 |
| BSE Script Code | |
| NSE Symbol | KLL |
| ISIN | INE0Q2V01012 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹100.00 |
| Low | ₹100.00 |
| High | ₹105.00 |
| Last Trade | ₹105.00 |
Kaushalya Logistics Ltd.
19, Community Centre
First and Second Floor,
East of Kailash,
Delhi, New Delhi, 110065
Phone: +91-011-4132-6013
Email: info@kaushalya.co.in
Website: https://www.kaushalya.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Kaushalya Logistics IPO is a SME IPO of 48,80,000 equity shares of the face value of ₹10 aggregating up to ₹36.60 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on December 29, 2023, and closes on January 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 December 29, 2023 and closes on January 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 Friday, January 5, 2024. Check the Kaushalya Logistics IPO allotment status.
The Kaushalya Logistics IPO listing date is on Monday, January 8, 2024.
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