What you must know about Kaushalya Logistics IPO?
by 5paisa Research Team
26 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 08-Jan-24
- IPO Price Range ₹ 71 to ₹ 75
- Listing Price ₹ 100
- Listing Change 33.3%
- Last Traded Price ₹ 97.3
- Current Change 29.7%
Kaushalya Logistics IPO Details
- Open Date 29-Dec-23
- Close Date 03-Jan-24
- Lot Size 1600
- IPO Size ₹ 36.60 Cr
- IPO Price Range ₹ 71 to ₹ 75
- Min Investment ₹ 113600
- Listing Exchange NSE SME
- Basis of Allotment 04-Jan-24
- Refunds 05-Jan-24
- Credit to Demat Account 05-Jan-24
- Listing Date 08-Jan-24
Kaushalya Logistics IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Dec-23 | 2.01 | 9.26 | 15.40 | 10.12 |
| 01-Jan-24 | 2.74 | 44.56 | 71.69 | 45.46 |
| 02-Jan-24 | 4.55 | 209.58 | 194.84 | 141.35 |
| 03-Jan-24 | 92.62 | 847.88 | 375.44 | 390.88 |
Kaushalya Logistics IPO Synopsis
Kaushalya Logistics Limited IPO is all set to open from 29th December 2023 to 3rd January 2024. The company provides logistics support. The IPO includes a fresh issue of 3,380,000 shares worth ₹25.35 cr and an Offer-for-Sale (OFS) of 1,500,000 equity shares worth ₹11.25 cr. The total IPO size is ₹36.60 cr. The share allotment date is 4th January 2024, and the IPO will be listed on 8th January 2024 on the stock exchanges. The price band is ₹71 to ₹75 per share and the lot size is 1600 shares.
Khandwala Securities Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Kaushalya Logistics IPO:
Kaushalya Logistics Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirements.
● To pay off unsecured loans.
● General corporate purposes.
About Kaushalya Logistics
Incorporated in 2007, Kaushalya Logistics Limited was initially involved in the construction business. Later in 2010, it expanded into the logistics business providing services to cement players in India. From 4 warehouses to 70 warehouses, the company has progressed over the years. Currently, the 70 warehouses managed by Kaushalya Logistics belong to Dalmia Cement Bharat Limited and are based in Bihar, Tamil Nadu, Kerala, etc.
In 2011, the company came under the wings of Poddar Group. The company operates as a Clearing and Forwarding agent for cement companies like Dalmia Cement.
Kaushalya Logistics has its business spread in three categories:
● Logistic support for handling and dealing in the cement for dealers and customers of Dalmia Cement Bharat Limited.
● Retail /e-commerce business under which the company sells Electronics and White Good items like Televisions, Refrigerator, Washing Machines etc.
● Commercial real estate in which the company owns and rents commercial shops in Udaipur.
In the coming time, Kaushalya Logistics is planning to expand its operations in the logistics space to include Warehousing, Transportation, and more.
Peer Comparison
No listed peers.
For More Information:
Kaushalya Logistics IPO GMP
Webstory on Kaushalya Logistics IPO
Kaushalya Logistics Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 632.16 | 63.59 | 33.28 |
| EBITDA | 13.88 | 9.33 | 5.43 |
| PAT | 7.07 | 3.77 | 3.00 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 140.69 | 64.94 | 32.76 |
| Share Capital | 0.15 | 0.15 | 0.15 |
| Total Borrowings | 121.36 | 52.67 | 24.27 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 3.51 | 4.98 | -0.13 |
| Net cash from / (used in) investing activities | -10.00 | -20.01 | -5.99 |
| Net cash flow from / (used in) financing activities | 6.18 | 14.45 | 5.73 |
| Net increase (decrease) in cash and cash equivalents | -0.32 | 0.41 | -0.39 |
Kaushalya Logistics IPO Key Points
-
Strengths
1. The company provides integrated, end-to-end logistics services and solutions.
2. It has a good existing client relationship.
3. It has established a well-documented process for the warehouse management system.
4. Experienced promoter team.
-
Risks
1. A significant portion of the revenue is dependent on a single e-commerce platform.
2. Its logistics business also has only one major customer which is Dalmia Cement.
3. The company has reported negative cash flows in the past.
4. Any change in customer preferences can impact the business.
5. Operates in a competitive industry.
6. The company has higher debt levels in the form of loans.
Kaushalya Logistics
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Kaushalya Logistics IPO FAQs
What is the minimum lot size and investment required for the Kaushalya Logistics IPO?
The minimum lot size of Kaushalya Logistics IPO is 1600 shares and the investment required is ₹1,13,600.
What is the price band of Kaushalya Logistics IPO?
The price band of Kaushalya Logistics IPO is ₹71 to ₹75 per share.
When does the Kaushalya Logistics IPO opens and closes?
Kaushalya Logistics IPO opens from 29th December 2023 to 3rd January 2024.
What is the size of the Kaushalya Logistics IPO?
The size of Kaushalya Logistics IPO is ₹36.60 cr.
What is the allotment date of the Kaushalya Logistics IPO?
The share allotment date of Kaushalya Logistics IPO is 4th January 2024.
What is the Kaushalya Logistics IPO listing date?
The Kaushalya Logistics IPO will be listed on 8th January 2024.
Who are the book runners for the Kaushalya Logistics IPO?
Khandwala Securities Limited is the book-running lead manager for Kaushalya Logistics IPO.
What is the objective of Kaushalya Logistics IPO?
Kaushalya Logistics Limited plans to utilize the raised capital from the IPO to:
1. To fund the working capital requirements.
2. To pay off unsecured loans.
3. General corporate purposes.
How to apply for the Kaushalya Logistics IPO?
To apply for Kaushalya Logistics IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Kaushalya Logistics Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Kaushalya Logistics IPO
Contact Information
Kaushalya Logistics Limited
19, Community Centre
First and Second Floor,
East of Kailash, New Delhi-110065
Phone: +91-011-4132-6013
Email: info@kaushalya.co.in
Website: https://www.kaushalya.co.in/
Kaushalya Logistics IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Kaushalya Logistics IPO Lead Manager
Khandwala Securities Limited
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