Kaushalya Logistics Limited, a key player in the logistics and transportation sector, is set to make its debut on the NSE SME platform with an initial public offering (IPO) from December 29, 2023, to January 3, 2024. Here’s a comprehensive guide to the Kaushalya Logistics IPO, covering key details, financial insights, and the company’s growth trajectory.
IPO Details
Open Date: December 29, 2023
Close Date: January 3, 2024
Lot Size: 1600 Shares
Price Band: ₹71 to ₹75 per share
Minimum Investment (Retail): ₹120,000
Listing Exchange: NSE SME
Total Issue Size: 4,880,000 shares (₹36.60 Cr)
Fresh Issue: 3,380,000 shares (₹25.35 Cr)
Offer for Sale: 1,500,000 shares (₹11.25 Cr)
Listing Date: January 8, 2024
IPO Timeline
- Allotment Date: January 4, 2024
- Refunds Initiation: January 5, 2024
- Credit of Shares to Demat: January 5, 2024
- Listing Date: January 8, 2024
Kaushalya Logistics IPO GMP
| Price Range(a) | Lot Size (b) | Max. Investment (c) | Bid Dates (d) | Listing Date | GMP Yesterday (f) | GMP Today (g) | Expected Share Price (h) | Expected Profit per Lot (i) | Buy Y/N (j) |
|---|---|---|---|---|---|---|---|---|---|
| ₹ 71 to ₹ 75 | 1600 | ₹ 120000 | 29-Dec-23 to 03-Jan-24 | 08-Jan-24 | ₹ 55 | ₹ 55 | ₹ 130 | ₹ 88000 | Y |
| Date | GMP |
|---|---|
| 1-Jan-2024 | ₹ 55 |
| 31-Dec-2023 | ₹ 55 |
| 30-Dec-2023 | ₹ 55 |
| 29-Dec-2023 | ₹ 35 |
| 28-Dec-2023 | ₹ 30 |
| 27-Dec-2023 | ₹ 30 |
| 26-Dec-2023 | ₹ 30 |
Kaushalya Logistics IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. Retail investors can apply for a minimum of 1 lot (1600 shares), while HNI investors need to bid for a minimum of 2 lots (3200 shares).
Reservation Breakdown
- Anchor Investors: 1,334,000 shares (27.33%)
- Market Maker: 244,800 shares (5.01%)
- QIB: 982,400 shares (20.12%)
- NII (HNI): 696,000 shares (14.26%)
- Retail: 1,624,400 shares (33.28%)
Kaushalya Logistics IPO Financial Snapshot
Pre and Post Issue Shareholding
- Pre-Issue Shareholding: 15,100,000 shares
- Post-Issue Shareholding: 18,480,000 shares
Promoter Holding
- Promoter: Uddhav Poddar
- Share Holding Pre-Issue: 99.99%
- Share Holding Post-Issue: 72.98%
Anchor Investors
Kaushalya Logistics IPO raised ₹10.01 crores from anchor investors. The anchor lock-in period for 50% of shares ends on February 16, 2024, and for the remaining shares, it ends on May 20, 2024.
Kaushalya Logistics IPO Financial Performance
The company’s financials reflect robust growth, with revenue surging by 894.14% and profit after tax (PAT) rising by 87.43% between FY 2022-23 and FY 2021-22.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Revenue | ₹57,053.16 Lakh | ₹63,216.41 Lakh | ₹6,358.92 Lakh | ₹3,328.40 Lakh |
| PAT | ₹214.65 Lakh | ₹705.87 Lakh | ₹376.61 Lakh | ₹299.69 Lakh |
Key Performance Indicators
- Post P/E (x): 16.2
- Market Cap (₹ Cr.): ₹138.98
- ROE: 4713.49%
- ROCE: 70.48%
- EPS (₹): 470.58
- RoNW: 36.50%
Objects of the Issue
The Net Proceeds from the IPO will be utilized for:
- Repayment of Unsecured Loan
- Funding of working capital requirements
- General Corporate Purposes
Conclusion
Kaushalya Logistics Limited, with its diversified services and robust financials, presents an intriguing investment opportunity. Investors should carefully evaluate the company’s growth strategies, competitive positioning, and industry trends before making informed decisions.
This IPO not only signifies a new phase in Kaushalya Logistics’ journey but also provides investors with a chance to be part of a promising venture in the logistics and e-commerce ecosystem.
