Kaushalya Logistics Limited IPO Detail
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.
Company Promoters
Uddhav Poddar is the Promoter of the company.IPO Details
| IPO Opening Date | Dec 29, 2023 |
| IPO Closing Date | Jan 03, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹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) |
| Retail Portion | 32.28% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 92.62x | - | - | 847.88x | 375.44x | 390.88x |
IPO Tentative Timetable
The Kaushalya Logistics Limited IPO open date is Dec 29, 2023, and the close date is Jan 03, 2024. The issue may list on Jan 08, 2024.
| IPO Open Date | Dec 29, 2023 |
| IPO Close Date | Jan 03, 2024 |
| Basis of Allotment Date | Jan 04, 2024 |
| Initiation of Refunds | Jan 05, 2024 |
| Credit of Shares to Demat Account | Jan 05, 2024 |
| IPO Listing Date | Jan 08, 2024 |
IPO Lot Size
The Kaushalya Logistics Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120000 |
| Maximum | 1 | 1600 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.98% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-24 | 16842.35 | 57053.16 | 214.65 |
| 31-Mar-23 | 14069.86 | 63216.41 | 705.87 |
Objects of the Issue:
The company proposes to utilise the Net Proceeds for the following:
- Repayment of Unsecured Loan
- Funding of working capital requirements of the company;
- General Corporate Purposes.
Kaushalya Logistics Limited IPO Registrar:
Skyline Financial Services Private Ltd
Kaushalya Logistics Limited IPO Lead Manager(s):
Khandwala Securities Limited
Company Contact Information:
Kaushalya Logistics Limited
19, Community Centre First and Second Floor, East of Kailash
New Delhi
New Delhi
