January 8, 2024
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Kaushalya Logistics IPO GMP, Details to Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Kaushalya Logistics IPO Post Listing Review :
The scrip listed at Rs. 100, 33.33% premium over its listing price
Kaushalya Logistics IPO Subscription
On 03 January 2024 5.00 pm (Day 4) (Closed)
Review: Good response on Day2
QIB: 2317600 Shares 92.62 T
NII: 695280 Shares 847.88 T
RII: 1622320 Shares 375.44 T
Total: 4635200 Shares 390.88 T
What is the business of Kaushalya Logistics?
Kaushalya Buildcon Private Limited started in the year 2007 to carry on the business of construction of commercial buildings, residential buildings, factory sheds etc. With the experience gained in this area of operations the company diversified in providing logistic support to cement industry. In 2010 the business of providing logistic support started with 4 warehouses and was expanded year on year and currently the company is maintaining 70 warehouses belonging to Dalmia Cement Bharat Limited in the state of Bihar, Tamil Nadu and Kerela among other operating states in India. The Company primarily provides Clearing and Forwarding (C&F) Services to dealers and customers of Dalmia Cement Bharat Limited.
Poddar Group under the leadership of Uddhav Poddar took over the management and control of the Company in the year 2011. Now, the Company is a part of the Poddar Group, which is an established Group grown into a diversified business conglomerate spanning across industries like construction, warehousing, logistics, development of commercial space and e-commerce business. The Promoter of the group is Uddhav Poddar, Group CMD. He is B. Com (Hons) from Delhi University, engaged in entire group business and is overseeing managerial and operational functions of entire group since last 15 years. Hailing from the Poddar Family, which has business spread across various verticals such as construction, manufacturing, entertainment & logistics and e-commerce business for over 58 years
Get more information about the company @ https://www.kaushalya.co.in/
| Kaushalya Logistics IPO Details | |
| IPO opens on | 29 December 2023 |
| IPO closes on | 3 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4880,000 Sh /Rs 36.60 Cr |
| * Fresh Issue | 3380,000 Sh /Rs 25.35 Cr |
| * Offer for Sale | 15,00,000 Sh /Rs.11.25 Cr |
| Market Maker Portion | 244800 Sh. |
| Net offer to Public | 4635200 Sh./Rs.34.76 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 71-75 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Kaushalya Logistics IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2317600 | 17.38 |
| NII (15%) | 695280 | 5.21 |
| RII (35%) | 1622320 | 12.17 |
| Total Shares | 4635200 | 34.76 |
| Retail portion will be oversubscribed by | 1014 | |
| Forms | ||
| How much Shares to Apply in Kaushalya Logistics IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 120000 |
| Min HNI Application | 3200 Sh | Rs.2400000 |
Who are the Promoters of Kaushalya Logistics IPO?
Mr. Lokendra Jain and Mrs. Shalini Jain are the promoters of the company.
What are the Objects of Kaushalya Logistics IPO?
The Offer comprises of a Fresh Issue Shares
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 IPO Tentative timetable | |
| IPO opens on | 29 December 2023 |
| IPO Closes on | 03 January 2024 |
| IPO Allotment on | 04 January 2024 |
| Refund Initiation | 05 January 2024 |
| Credit of Shares | 05 January 2024 |
| Listing on | 08 January 2024 |
| Registered Office of the Company Kaushalya Logistics Limited 19, Community Centre First and Second Floor, East of Kailash, New Delhi-110065 |
| Who is the Lead Manager of Kaushalya Logistics IPO? Khandwala Securities Limited |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| Kaushalya Logistics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 33.28 | 2.99 | – | 35.27 |
| 2021-22 | 63.59 | 3.77 | – | 30.68 |
| 2022-23 | 632.16 | 7.06 | – | 36.50 |
| Book Value of the Share on | 31.03.2023 | Rs – | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 75 | |||
| Kaushalya Logistics IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | – |
| Price/BV Ratio | – |
| Upper price/BV after IPO | |
How Kaushalya Logistics IPO compares with the Peers?
There are no like to like comparable listed companies in India that are engaged in all aspects of the business that it operates. Accordingly, it is not possible to provide an industry comparison in relation to this Company.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income In Cr | Ratio of | |
| – | – | – | |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kaushalya Logistics IPO To the point Guidance
Kaushalya Buildcon Private Limited started in the year 2007 to carry on the business of construction of commercial buildings, residential buildings, factory sheds etc. With the experience gained in this area of operations the company diversified in providing logistic support to cement industry. In 2010 the business of providing logistic support started with 4 warehouses and was expanded year on year and currently the company is maintaining 70 warehouses belonging to Dalmia Cement Bharat Limited in the state of Bihar, Tamil Nadu and Kerela among other operating states in India.
Size: Being a SME IPO, the size of the IPO (Rs 36.60 Cr) is very large, as per the recent trend. With 1014 applications, retail portion will get one time subscribed. Considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: On July 26, 2023, the company has issued 1,50,00,000 shares of the face value of Rs. 10 by way of Bonus Issue. Accordingly, the EPS for the year 202-23 and NAV as on 31.03.2023 should be considered after giving effect of the said bonus issue to get correct picture. The company has reasonably good topline during last 3 years, however it has earned meagre profits during FY21 & FY 22. Extra-ordinary performance for FY23 (from Rs. 2.99 Cr in 2021-22 to Rs. 7.09 Cr in 2022-23) ahead of IPO raises eyebrows and concern over sustainability. If the company can sustain the performance of FY 23 in future, then the price is very reasonable. So, have a look at the Premium market and then decide.
Quicklinks
Kaushalya Logistics IPO GMP Detail IPO GMP today details?
Kaushalya Logistics IPO
Kaushalya Logistics IPO FAQs
What is Kaushalya Logistics IPO?
Kaushalya Logistics IPO is a SME IPO of 4880,000 equity shares of the face value of Rs. 10 aggregating up to Rs.36.60 Crores. The issue is priced at Rs.71-75 per share. The minimum order quantity is 1600 Shares.
When Kaushalya Logistics IPO will open?
The Kaushalya Logistics IPO opens on December 29, 2023, and closes on January 3, 2024.
What is the lot size of Kaushalya Logistics IPO?
Kaushalya Logistics IPO lot size is 1600 Shares, and the minimum amount required is Rs.108,000.
How to apply for Kaushalya Logistics IPO?
You can apply in Kaushalya Logistics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Kaushalya Logistics IPO allotment?
The finalization of Basis of Allotment for Kaushalya Logistics IPO will be done on January 4, 2024, and the allotted shares will be credited to your demat account by January 5, 2024.
When is Kaushalya Logistics IPO listing date?
The Kaushalya Logistics IPO listing date is not yet announced. The tentative date of Kay Cee Energy IPO listing is January 8, 2024.
