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Let’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

Destiny Logistics & Infra IPOTheir 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:


    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

    Destiny Logistics & Infra IPO Lead Managers

    Lead Managers
    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
    “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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