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Kaushalya Logistics IPO

Kaushalya Logistics IPO

  • Status: Closed
  • RHP:
  • ₹ 113,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Dec 2023

  • Close Date

    03 Jan 2024

  • IPO Price Range

    ₹ 71 to ₹ 75

  • IPO Size

    ₹ 36.60 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    08 Jan 2024

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IPO Timeline

Kaushalya Logistics IPO Subscription Status

Last Updated: 03 January 2024 6:01 PM by 5Paisa

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.
 

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

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

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. 
 

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FAQs

The minimum lot size of Kaushalya Logistics IPO is 1600 shares and the investment required is ₹1,13,600.

The price band of Kaushalya Logistics IPO is ₹71 to ₹75 per share. 

Kaushalya Logistics IPO opens from 29th December 2023 to 3rd January 2024.
 

The size of Kaushalya Logistics IPO is ₹36.60 cr. 

The share allotment date of Kaushalya Logistics IPO is 4th January 2024.

The Kaushalya Logistics IPO will be listed on 8th January 2024.

Khandwala Securities Limited is the book-running lead manager for 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.   
 

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.