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 ValueRs 10
Price BandRs 20
Listing AtNSE Emerge
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 538.80 Lakh
Tick Size1

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 not available yet.


Destiny Logistics & Infra IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

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.538.80 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.538.80 Lakh


Open Free Demat Account Now!

    Fill Your Details Here
    1. Open Demat AccountInvest in IPO


    Destiny Logistics & Infra IPO – Live Performance

    The listing date of this IPO is [●]. 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 provider.

    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 partyoperator to handle freight related services.

    They provide a complete range of services like packaging, loading, transportation, unloading and unpacking of items to facilitate their customers with end-to-end solutions.

    This asset-light business model allows for scalability of services as well as 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 in 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-2131-Mar-20Mar-19
    Total Assets6,60,77,1121,80,10,7111,79,82,956
    *Total Revenue10,05,78,7586,74,96,5206,72,96,520
    Total Expense9,49,85,0146,57,90,5766,56,40,454
    Profit After Tax30,30,0135,11,4304,77,562

    Earnings per Equity Share (in Lakh)

    31-Mar-2131-Mar-20Mar-19
    Basic & Diluted6.061.020.96

     

    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:

    1. MR. JUGAL KISHORE BHAGAT
    2. 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 – %
    • Pos Issue Share Holding – %

    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.538.80 Lakh
    of which:
    Issue Reserved for the Market MakersUp to 1,38,000 Equity Shares aggregating up to Rs.27.60 Lakh
    Net Issue to the PublicUp 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 InvestorsNot more than 12,78,000 Equity Shares
     Equity Shares outstanding prior to the Issue50,00,000 Equity Shares
     Equity Shares outstanding after the Issue76,94,000 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 EPSRONW (%)NAV (Rs.)
    31-Mar-216.0630.2520.03
    31-Mar-201.027.32
    Mar-190.967.38

    Destiny Logistics & Infra IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Destiny Logistics & Infra Limited10[●]6.0630.2510,05,78,758
    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


    Subscribe to Destiny Logistics & Infra IPO

      Fill Your Details Here
      1. Open Demat AccountInvest in IPO


      Destiny Logistics & Infra Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      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 the 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 NA, while the closing date is set at NA.

      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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      Ques – What is the Destiny Logistics IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      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 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.


      Calculate your return on investment!


      Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
      IPO
      Equity
      Savings
      Real Estate
      Gold
      Bonds
      Fixed Deposit
      Mutual Fund


      Featured Topics

       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Get 100% IPO Allotment Guarantee! Subscribe to IPO