Destiny Logistics and Infra Limited provide logistics services i.e. land-based transportation via 3rd party service providers.
| Bidding Dates |
|---|
| 30 Sep 2021 - 05 Oct 2021 |
| Subscription |
|---|
| 4.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 6000 | 2.7 M | ₹20 | 64.99 % | ₹53.9 M | RHP DOC |
Destiny Logistics & Infra IPO SUBSCRIPTION STATUS
05 Oct '21Destiny Logistics & Infra IPO overall subscription rate was 4.78 times the total available shares
Destiny Logistics & Infra IPO retail subscription rate was 7.43 times in the retail segment
Destiny Logistics & Infra IPO non-institutional investor subscription rate was 2.13 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Oct 2021 (Day 3) | 4.51x | 2.06x | - |
05 Oct 2021 (Day 4) | 7.43x | 2.13x | - |
30 Sep 2021 (Day 1) | 0.24x | 2x | - |
01 Oct 2021 (Day 2) | 2.5x | 2.06x | - |
Destiny Logistics & Infra 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) |
| FY19 | 0.5 | 67.3 | 0.9 | -0.7 |
| FY20 | 0.5 | 67.5 | 1.0 | -0.9 |
| FY21 | 3.0 | 100.6 | -26.7 | -33.0 |
Destiny Logistics & Infra IPO SUBSCRIPTION STATUS DETAILS
Destiny Logistics & Infra had 2.7 M shares on offer
Destiny Logistics & Infra IPO offer price was ₹20
Destiny Logistics & Infra IPO minimum Investment was ₹120000
Destiny Logistics & Infra IPO issue size was ₹ 53.9 M
Destiny Logistics & Infra had a minimum lot size of 6000 Shares per application
Destiny Logistics & Infra NUMBER OF SHARES ON OFFER
Destiny Logistics & Infra IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2021 |
| Issue close Date | 05 Oct 2021 |
| Allotment Date | 08 Oct 2021 |
| Refund Date | 11 Oct 2021 |
| Demat Account Credit Date | 12 Oct 2021 |
| Listing Date | 13 Oct 2021 |
| Listing on Exchange(s) | NSE |
| Destiny Logistics & Infra Allotment Status | Exchange |
Destiny Logistics & Infra IPO subscription opened on 30 Sep 2021, and closed on 05 Oct 2021
IPO allotment for Destiny Logistics & Infra was finalized on Friday, 08 Oct 2021
IPO listing for Destiny Logistics & Infra was on NSE on Wednesday, 13 Oct 2021
Destiny Logistics & Infra IPO LISTING GAINS
| Issue Price (adjusted) | 20.0 |
| Listing Open Price | 20.7 |
| Listing Close Price | 19.7 |
| Listing Gain% | 3.5% |
| Current Gain% | 429.5% |
Destiny Logistics & Infra INFORMATION ON IPO ISSUE
About Destiny Logistics & Infra
Destiny Logistics and Infra Limited provide logistics services i.e. land-based transportation via 3rd party service providers.
Object of the Issue
1.Meet working capital requirements.
2.To meet issue expenditures.
3.Meet general corporate purposes.
Destiny Logistics & Infra - PROMOTERS
| Name |
|---|
| Jugal Kishore Bhagat |
| Rekha Bhagat |
Destiny Logistics & Infra Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Destiny Logistics & Infra Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Destiny Logistics & Infra Strengths
Organizational stability along with management expertise
The group of companies, have an established track record of over 13 years, indicating ability to overcome various challenges
Smooth flow of operations
The company has developed a wide clientele base and this was done with the valued based relationship approach.
Destiny Logistics & Infra Risks
Certain litigation and claims
Promoters, Promoters Group and Group Company are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities.
Ongoing enquiry proceedings by Goods and Service Tax department
There are ongoing enquiry proceedings by Goods and Service Tax department against the proprietary concern
IPO FAQs
The promoters of the company are Jugal Kishore Bhagat and Rekha Bhagat.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 20.0 - 20.0.
The IPO application opens on Sep 30, 2021 and closes on Oct 05, 2021.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Oct 08, 2021.
The refund will be credited to your account on Oct 11, 2021.
The allotted shares will be credited to your demat on Oct 12, 2021.
Destiny Logistics & Infra Ltd.’s shares listed on the stock exchanges on Oct 13, 2021.