Kaushalya Logistics Limited IPO
- IPO Date29 Dec, 2023 to 03 Jan, 2024
- Listing Date08 Jan, 2024
- Face Value₹10 per share
- Issue Price₹71 to ₹75 per share
- Lot Size1600 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size48,80,000 Shares
(aggregating up to ₹36.60 Cr) - Fresh Issue33,80,000 Shares
(aggregating up to ₹25.35 Cr)
- Offer for Sale15,00,000 Shares
(aggregating up to ₹11.25 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,51,00,000
- Shareholding post issue1,84,80,000
IPO Dates
Closing Date
03 Jan, 2024
Initiation of Refunds
05 Jan, 2024
Listing Date
08 Jan, 2024
29 Dec, 2023
Opening Date
04 Jan, 2024
Basis of Allotment
05 Jan, 2024
Credit of Shares
Kaushalya Logistics Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 3200 | ₹2,40,000 |
| Retail (Max) | 1 | 1600 | ₹1,20,000 |
| Retail (Min) | 1 | 1600 | ₹1,20,000 |
Kaushalya Logistics Limited Promoter Holding
Uddhav Poddar is the Promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | 72.98% |
Kaushalya Logistics Limited COMPANY INFORMATION
Kaushalya Logistics IPO is a book built issue of Rs 36.60 crores. The issue is a combination of fresh issue of 33.8 lakh shares aggregating to Rs 25.35 crores and offer for sale of 15 lakh shares aggregating to Rs 11.25 crores. Kaushalya Logistics IPO bidding opened for subscription on December 29, 2023 and will close on January 3, 2024. The allotment for the Kaushalya Logistics IPO is expected to be finalized on Thursday, January 4, 2024. Kaushalya Logistics IPO will list on NSE SME with tentative listing date fixed as Monday, January 8, 2024. Kaushalya Logistics IPO price band is set at ₹71 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000. Khandwala Securities Limited is the book running lead manager of the Kaushalya Logistics IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Kaushalya Logistics IPO is Nikunj Stock Brokers. Refer to Kaushalya Logistics IPO RHP for detailed information.
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.
FAQs About Kaushalya Logistics Limited Ipo
Kaushalya Logistics Limited IPO will open on 29 Dec, 2023 and close on 03 Jan, 2024. Investors must apply within this period to participate.
The Kaushalya Logistics Limited IPO price band is set between ₹71.00 and ₹75.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹120000.00.
The Kaushalya Logistics Limited IPO shares are expected to be listed on 08 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Kaushalya Logistics Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Kaushalya Logistics Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.