Here is a full brief of Kaushalya Logistics SME IPO Details and GMP. Keep visiting daily for important dates and Daily GMPs. You can bid for this IPO between 29th Dec 2023 to 3rd Jan 2024. You can apply through a minimum amount of ₹120000, 1600 shares (1 Lot) and between the price range of ₹71 to ₹75.
Table of Contents
COMPANY OVERVIEW
Kaushalya Buildcon Private Limited started in 2007, providing construction services. Later, they diversified into providing logistics support to the cement industry. They began with four warehouses in 2010 and have since expanded to 70 warehouses. They provide Clearing and Forwarding (C&F) Services to dealers and customers of Dalmia Cement Bharat Limited.
The Poddar Group, led by Uddhav Poddar, took over the Company in 2011. The Company is now part of the Poddar Group, which is a well-established combined with diversified business interests such as construction, logistics, commercial space development, and e-commerce. Uddhav Poddar oversees the group’s managerial and operational functions as the Group CMD. The Poddar Family has more than 58 years of business experience in industries such as construction, manufacturing, entertainment, logistics, and e-commerce.
In August 2016, the company changed its name to ‘Kaushalya Logistics Private Limited’ to focus more on its logistics operations across the country and expand its business in related areas. The company has a presence in Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan, and has its head office in New Delhi and a regional office in Chennai. On May 01, 2023, the company changed its name again to ‘Kaushalya Logistics Limited’.
Kaushalya Logistics Limited is a company that offers integrated logistics and clearing and forwarding (C&F) services. They operate in two main verticals:
1. Providing logistic support for handling and dealing in cement for dealers and customers of Dalmia Cement Bharat Limited.
2. Acting as preferred partners of a major online e-commerce platform for selling electronics and white goods items (such as televisions, refrigerators, and washing machines) across India. The company is registered under Goods and Services Tax (GST) in 17 locations.
Promotors
The promoters of the company are Uddav Poddar and Bhumika Realty Pvt Ltd.
THE ISSUE
The company is offering 48,80,000 fresh equity shares.
IPO Issue Size – ₹36.6 Cr
Minimum Investment – ₹120000
KAUSHALYA LOGISTICS SME IPO IMPORTANT DATES
| Opening Date | 29th Dec 2023 |
| Closing Date | 3rd Jan 2024 |
| Allocation Date | 4th Jan 2024 |
| Refund Initiation Date | 5th Jan 2024 |
| Demat Transfer Date | 5th Jan 2024 |
| IPO Listing Date | 8th Jan 2024 |
| Issue Price | ₹71- ₹75 Per Share |
| Lot Size | 1600 shares |
| Face Value | ₹10 Per Share |
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- Repayment of Unsecured Loan;
- Funding of working capital requirements of the Company;
- General Corporate Purposes.
Also Read: SHRI BALAJI VALVE COMPONENT SME IPO DETAILS AND GMP
KAUSHALYA LOGISTICS SME IPO FINANCIAL INFO
| Period | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Total Assets | 140.69 | 64.93 | 32.76 |
| Revenue | 632.16 | 63.58 | 33.28 |
| Profit After Tax | 7.05 | 3.76 | 2.99 |
| Total Borrowing | 32.13 | 24.76 | 10.70 |
KAUSHALYA LOGISTICS SME IPO GMP
| Date | IPO Price | GM | Est. Listing Price |
|---|---|---|---|
| 1-Jan-2023 | ₹75 | ₹60 | ₹135 |
| 31-Dec-2023 | ₹75 | ₹55 | ₹130 |
| 30-Dec-2023 | ₹75 | ₹55 | ₹130 |
| 29-Dec-2023 | ₹75 | ₹50 | ₹125 |
| 28-Dec-2023 | ₹75 | ₹35 | ₹110 |
| 27-Dec-2023 | ₹75 | ₹30 | ₹105 |
The prices shown here are for informational purposes only. We do not deal in grey market transactions, provide sub2 rates, or recommend trading in the grey market.
