Destiny Logistics & Infra IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Destiny Logistics & Infra IPO release date, IPO offer price, subscription, Destiny Logistics & Infra Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 20 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 6000 Shares |
| Listing Date | Oct 13, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 539 Lakh |
| Tick Size | 1 |
Destiny Logistics & Infra IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Destiny Logistics & Infra Share Price |
Destiny Logistics & Infra IPO – Summary
Their Company was originally incorporated as “Destiny Logistic Limited” having its Registered Office at 375, Dakshindari Road, Kolkata – 700 048, West Bengal, India on July 28, 2011, vide Certificate of Incorporation bearing Registration No. U63090WB2011PLC165520 under the provisions of Companies Act, 1956 issued by the Registrar of Companies, West Bengal.
They have received the Certificate of Commencement of Business on August 17, 2011, issued by the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to “Destiny Logistics & Infra Limited” vide fresh certificate of Incorporation Dated September 07, 2021.
The Promoter of this company is MR. JUGAL KISHORE BHAGAT AND MRS. REKHA BHAGAT. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
Destiny Logistics & Infra IPO Date
The opening and the closing date of Destiny Logistics & Infra IPO are Sep 30, 2021, and Oct 5, 2021.
Destiny Logistics & Infra IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30 Sep | 2.00x | 0.24x | 1.12x |
| 2nd Day – 1 Oct | 2.06x | 2.50x | 2.28x |
| 3rd Day – 4 Oct | 2.06x | 4.51x | 3.29x |
| 4th Day – 5 Oct | 2.13x | 7.43x | 4.78x |
| Shares Offered or Net Issue | 1,278,000 | 1,278,000 | 2,556,000 |
The shares subscribed by the public will be updated here.
Check Destiny Logistics & Infra IPO LIVE Subscription
- Destiny Logistics & Infra IPO LIVE Bid details on BSE
- Destiny Logistics & Infra IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Destiny Logistics & Infra IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Destiny Logistics IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 8, 2021 |
| Refunds Initiation | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| Share Listing Date | Oct 13, 2021 |
Destiny Logistics & Infra IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.20
Destiny Logistics & Infra IPO Size
This Initial Public Issue of 26,94,000 Equity Shares of Rs.10 each for cash at a price of Rs.20 per equity share aggregating to Rs.539 Lakh.
Destiny Logistics & Infra IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 26,94,000 Equity Shares of Rs.10 each, aggregating to Rs.539 Lakh
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Destiny Logistics & Infra IPO – Live Performance
The listing date of this IPO is Oct 13, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Destiny Logistics & Infra Share Price |
Destiny Logistics IPO Grey Market Premium
The Destiny Logistics & Infra Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Destiny Logistics & Infra IPO – Company Overview
Their company is founded and promoted by Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat and since then their Company is in the business of Logistics involving land-based transportation through third-party service providers.
Presently their services are mainly in the domestic market, more specifically in the state of West Bengal. They procure third-party fleets both contractually and in the spot market. Also, they offer their customers, transport management services and arrange for third-party operators to handle freight-related services.
They provide a complete range of services like packaging, loading, transportation, unloading, and unpacking items to facilitate their customers with end-to-end solutions.
This asset-light business model allows for the scalability of services as well as the flexibility to develop and offer customized logistic solutions across diverse sectors. They provide end-to-end safe mobility and delivery of items. Their company has also diversified into infrastructure development activity as a new addition to their line of business activity.
Destiny Logistics & Infra IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 6,60,77,112 | 1,80,10,711 | 1,79,82,956 |
| *Total Revenue | 10,05,78,758 | 6,74,96,520 | 6,72,96,520 |
| Total Expense | 9,49,85,014 | 6,57,90,576 | 6,56,40,454 |
| Profit After Tax | 30,30,013 | 5,11,430 | 4,77,562 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 6.06 | 1.02 | 0.96 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 30,30,013 Lakh, Rs. 5,11,430 Lakh and Rs. 4,77,562 Lakh respectively.
Destiny Logistics & Infra IPO – Promoters
The Promoter of this company is:
- MR. JUGAL KISHORE BHAGAT
- MRS. REKHA BHAGAT
List of Related Parties (Key Managerial Personnel)
- Rekha Bhagat, Managing Director
- Mithilesh Kumar Jha, Executive Director
- Jugal Kishore Bhagat, Non- Executive Director
- Shir Sagar Pandey, Independent Director
- Sweta Chaurasia, Independent Director
Destiny Logistics & Infra IPO – Promoters Holding
- Pre Issue Share Holding – 99.72%
- Pos Issue Share Holding – 64.79%
Destiny Logistics & Infra IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 26,94,000 Equity Shares aggregating up to Rs.539 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,38,000 Equity Shares aggregating up to Rs.27.60 Lakh |
| Net Issue to the Public | Up to 25,56,000 Equity Shares aggregating up to Rs.511.20 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 12,78,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 12,78,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 50,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 76,94,000 Equity Shares |
Destiny Logistics & Infra IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes
Destiny Logistics & Infra IPO – Business Strategy
- Capitalize on the growth of the third-party logistics industry in India
- Quality Services
- Increase geographical presence
- Leverage and enhance their Goodwill in the market
- Improving operational efficiencies
- Leveraging their Market skills and Relationships
- Increasing the customer reach
- Innovative & Marketing Method
Destiny Logistics & Infra IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient workforce;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 6.06 | 30.25 | 20.03 |
| 31-Mar-20 | 1.02 | 7.32 | – |
| Mar-19 | 0.96 | 7.38 | – |
Destiny Logistics & Infra IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Destiny Logistics & Infra Limited | 10 | [●] | 6.06 | 30.25 | 10,05,78,758 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Destiny Logistics & Infra IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com SEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377 |
Destiny Logistics & Infra IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753 CIN No: U67120TN1998PLC041613 |
Destiny Logistics & Infra IPO – Other Details
- Statutory Auditor – Kumar Roybarman Prasanta & Associates, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Destiny Logistics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Destiny Logistics & Infra IPO Review FAQs
Ques – What is the Issue Size of Destiny Logistics IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Destiny Logistics IPO?
Answer – The price band for this particular IPO ranges between Rs 20. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Destiny Logistics IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 30, 2021, while the closing date is set at Oct 5, 2021.
Ques – What is the Destiny Logistics IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 8, 2021, refund initiation is on Oct 11, 2021, credit of shares is on Oct 12, 2021, and share listing date is on Oct 13, 2021.
Ques – What is the Destiny Logistics IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Oct 13, 2021. The date, when the listing would be done, is stagnant on Oct 13, 2021.
Ques – Who is the Registrar of Destiny Logistics IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Destiny Logistics IPO?
Answer – Here are the promoters of this IPO – MR. JUGAL KISHORE BHAGAT AND MRS. REKHA BHAGAT. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Destiny Logistics IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Destiny Logistics & Infra IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Destiny Logistics & Infra Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 30,30,013, 2020 is 5,11,430, 2019 is 4,77,562.
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