Kaushalya Logistics was incorporated on August 24, 2007. The company has developed as an integrated logistics and clearing and forwarding services provider. Currently, the company operates in three major verticals. One vertical involves providing logistic support for handling and dealing in cement for dealers and customers of Dalmia Cement Bharat. Another vertical is in the retail/e-commerce business, where it sells electronics and white goods items such as televisions, refrigerators, washing machines, etc., on a major online e-commerce platform, covering locations all across India with registration under GST in 17 locations.
| Bidding Dates |
|---|
| 29 Dec 2023 - 03 Jan 2024 |
| Subscription |
|---|
| 364.18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 4.9 M | ₹71 - ₹75 | 81.75 % | ₹346.5 M - ₹366.0 M | RHP DOC |
Kaushalya Logistics IPO SUBSCRIPTION STATUS
03 Jan '24Kaushalya Logistics IPO overall subscription rate was 364.18 times the total available shares
Kaushalya Logistics IPO retail subscription rate was 491.45 times in the retail segment
Kaushalya Logistics IPO non-institutional investor subscription rate was 1110.05 times in the non-institutional investor category
Kaushalya Logistics IPO Qualified Institutional Bidder subscription rate was 51.33 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Jan 2024 (Day 3) | 491.45x | 1110.05x | 51.33x |
02 Jan 2024 (Day 2) | 253.34x | 274.29x | 2.52x |
29 Dec 2023 (Day 1) | 19.27x | 11.92x | 1.12x |
Kaushalya Logistics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 21.5 | 5,683.7 | -18.8 | -18.9 | 0.8% |
| FY23 | 70.7 | 6,246.2 | 35.1 | 25.3 | 2.2% |
| FY22 | 37.7 | 602.9 | 49.8 | 43.7 | 13.1% |
| FY21 | 30.1 | 314.0 | -1.3 | 9.2 | 16.3% |
Kaushalya Logistics IPO SUBSCRIPTION STATUS DETAILS
Kaushalya Logistics had 4.9 M shares on offer
Kaushalya Logistics IPO offer price was in the range ₹71 - ₹75
Kaushalya Logistics IPO minimum Investment was ₹113600
Kaushalya Logistics IPO issue size was ₹ 346.5 M - ₹ 366.0 M
Kaushalya Logistics had a minimum lot size of 1600 Shares per application
Kaushalya Logistics NUMBER OF SHARES ON OFFER
Kaushalya Logistics IPO IMPORTANT DATES
| Issue Open Date | 29 Dec 2023 |
| Issue close Date | 03 Jan 2024 |
| Allotment Date | 04 Jan 2024 |
| Refund Date | 05 Jan 2024 |
| Demat Account Credit Date | 05 Jan 2024 |
| Listing Date | 08 Jan 2024 |
| Listing on Exchange(s) | NSE |
| Kaushalya Logistics Allotment Status | Exchange |
Kaushalya Logistics IPO subscription opened on 29 Dec 2023, and closed on 03 Jan 2024
IPO allotment for Kaushalya Logistics was finalized on Thursday, 04 Jan 2024
IPO listing for Kaushalya Logistics was on NSE on Monday, 08 Jan 2024
Kaushalya Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 105.0 |
| Listing Gain% | 33.3% |
| Current Gain% | -69.5% |
Kaushalya Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kaushalya Logistics Ltd. | 22.9 | 42.4 | 3.5 | 1.1 | 0 | 16.8 | 4.7 | 2521.4 | 102.3 | 12.2 | 3.1 | 6.6 | 3.1 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Kaushalya Logistics INFORMATION ON IPO ISSUE
About Kaushalya Logistics
Kaushalya Logistics was incorporated on August 24, 2007. The company has developed as an integrated logistics and clearing and forwarding services provider. Currently, the company operates in three major verticals. One vertical involves providing logistic support for handling and dealing in cement for dealers and customers of Dalmia Cement Bharat. Another vertical is in the retail/e-commerce business, where it sells electronics and white goods items such as televisions, refrigerators, washing machines, etc., on a major online e-commerce platform, covering locations all across India with registration under GST in 17 locations.
Object of the Issue
- Repayment of unsecured loan
- Funding of working capital requirements of the company
- General corporate purposes
Kaushalya Logistics - PROMOTERS
| Name |
|---|
| Uddhav Poddar |
| Bhumika Realty Private Ltd. |
Kaushalya Logistics Lead Manager to the Issue
Khandwala Securities Limited
ipo@kslindia.com
Kaushalya Logistics Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Kaushalya Logistics Strengths
Integrated services and solutions
The company's integrated, end-to-end logistics services focus on creating solutions that address the requirements of the clients. The use of these services results in enhanced cost efficiencies for the clients, which encourages them to opt for repeat business
Existing network
The company has tapped markets across the country by establishing strong and symbiotic relationships through its network with various companies, facilitated by the group companies
Kaushalya Logistics Risks
Outstanding litigation
There are outstanding litigation proceedings involving the company and its group companies. An adverse outcome in these proceedings may have an adverse impact on the business
Negative cash flow
The company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on the business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 11.2 crore, of 1,500,000 shares. It also consists of a fresh issue of Rs 25.4 crore.
The promoters of the company are Uddhav Poddar and Bhumika Realty Private Ltd..
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 75.0.
The IPO application opens on Dec 29, 2023 and closes on Jan 03, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 04, 2024.
The refund will be credited to your account on Jan 05, 2024.
The allotted shares will be credited to your demat on Jan 05, 2024.
Kaushalya Logistics Ltd.’s shares listed on the stock exchanges on Jan 08, 2024.