Kaushalya Logistics SME IPO Details AND GMP

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.

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 Date29th Dec 2023
Closing Date3rd Jan 2024
Allocation Date4th Jan 2024
Refund Initiation Date5th Jan 2024
Demat Transfer Date5th Jan 2024
IPO Listing Date8th Jan 2024
Issue Price₹71- ₹75 Per Share
Lot Size1600 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 ReadSHRI BALAJI VALVE COMPONENT SME IPO DETAILS AND GMP

KAUSHALYA LOGISTICS SME IPO FINANCIAL INFO

Period31 Mar 202331 Mar 202231 Mar 2021
Total Assets140.6964.9332.76
Revenue632.1663.5833.28
Profit After Tax7.053.762.99
Total Borrowing32.1324.7610.70
Amount in ₹ Crore

KAUSHALYA LOGISTICS SME IPO GMP

DateIPO PriceGMEst. 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.

Leave a Comment