Kaushalya Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 03, 2024Let’s have a detailed review of the company and analytics of the Kaushalya Logistics IPO release date, IPO offer price, subscription, Kaushalya Logistics 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 |
| Price Band | Rs 71 to Rs 75 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | January 8, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 3660 Lakh |
| IPO Size | Rs 3660 Lakh |
| Tick Size | 1 |
Kaushalya Logistics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Kaushalya Logistics Share Price |
Kaushalya Logistics IPO – Summary
The journey of the Company started with the incorporation of Kaushalya BuildconPrivate Limited in the year 2007 to carry on the business of construction of commercial buildings, residential buildings, factory sheds etc.
With the experience gained in this area of operations, the company diversified in providing logistic support to the cement industry. In 2010 the business of providing logistic support started with 4 warehouses and was expanded year on year and currently, the company is maintaining 70 warehouses.
The promoter of this company is Uddhav Poddar, Uddhav Poddar (HUF), Bhumika Realty Private Limited. The lead manager of the issue is KHANDWALA SECURITIES LIMITED, and the Registrar of this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Kaushalya Logistics IPO Date
The opening and closing dates of Kaushalya Logistics IPO are December 29, 2023, and January 3, 2024, respectively.
Kaushalya Logistics IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 29th Dec | 2.01x | 9.26x | 15.40x | 10.12x |
| 2nd Day – 1st Jan | 2.74x | 44.56x | 71.69x | 45.46x |
| 3rd Day – 2nd Jan | 4.55x | 209.79x | 195.71x | 141.82x |
| 4th Day – 3rd Jan | 11.32x | 278.77x | 233.33x | 176.87x |
| Shares Offered or Net Issue | 982,400 | 1,624,400 | 1,624,400 | 5,810,000 |
The shares subscribed by the public will be updated here.
Kaushalya Logistics 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.
Kaushalya Logistics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 4, 2024 |
| Refunds Initiation | January 5, 2024 |
| Credit of Shares to Demat Account | January 5, 2024 |
| Share Listing Date | January 8, 2024 |
Kaushalya Logistics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 71 to Rs 75
Kaushalya Logistics IPO Equity Size
This Initial Public Issue of 4,880,000 Equity Shares of Rs.10 each for cash at a price of Rs 71 to Rs 75 per equity share aggregating to Rs.3660 Lakh.
Kaushalya Logistics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,880,000 Equity Shares of Rs.10/ each.
Issue Size: 4,880,000 Equity Shares of Rs.10 each, aggregating to Rs.3660 Lakh
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Kaushalya Logistics IPO – Live Performance
The listing date of this IPO is January 8, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Kaushalya Logistics Share Price |
Kaushalya Logistics IPO Grey Market Premium
The Kaushalya Logistics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Kaushalya Logistics IPO – Company Overview
The name of the company was changed to ‘Kaushalya Logistics Private Limited’ in August 2016 to give focus to Logistics operations across the Country and diversify the business in more related areas. The Company has operations in Tamil Nadu, Kerala, Karnataka, Bihar and Rajasthan and operates with a Head office in New Delhi and a Regional Office in Chennai.
The name of the Company was further changed to ‘Kaushalya Logistics Limited’ on May 01, 2023. Kaushalya Logistics Limited is developed as an integrated Logistics and Clearing and Forwarding (C&F) services provider. At present the Company operates in three major verticals, one of which vertical is providing logistic support for handling and dealing in the cement for dealers and customers of Dalmia Cement Bharat Limited.
The other vertical is of retail /e-commerce business wherein they are the sellers of Electronics and White Goods items such as Televisions, Refrigerator, Washing Machines etc. on a major online e-commerce platform, covering locations all across India with registration under Goods and Services Tax (GST) in 17 Locations.
They have also ventured out into the commercial real estate sector by owning and renting out commercial shops in Udaipur, which constitutes the third vertical of their business operations.
Kaushalya Logistics 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) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 16,842.35 | 14,069.86 | 6,493.87 | 3,276.49 |
| *Total Revenue | 57,053.16 | 63,216.41 | 6,358.92 | 3,328.40 |
| Total Expense | 56,768.64 | 62,280.12 | 5,836.24 | 2,929.58 |
| Profit After Tax | 214.65 | 705.87 | 376.61 | 299.69 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 142.91 | 470.58 | 250.87 | 199.79 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 705.87 Lakh, Rs. 376.61 Lakh and Rs. 299.69 Lakh respectively.
Kaushalya Logistics IPO – Promoters
The Promoter of this company is:
- Uddhav Poddar,
- Uddhav Poddar (HUF),
- Bhumika Realty Private Limited
List of Related Parties (Key Managerial Personnel)
- Uddhav Poddar – Managing Director
- Ram Gopal Choudhary – Non-Executive and Non-Independent Director
- Sunira Chamaria – Non- Executive and Non-Independent Director
- Uma Verma- Independent Director
- Narendra Kumar Somani- Independent Director
Kaushalya Logistics IPO – Promoters Holding
- Pre-Issue Share Holding – 99.99%
- Post-Issue Share Holding – 72.98%
Kaushalya Logistics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 48,80,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,44,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 46,35,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 16,24,400 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,96,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,51,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,85,30,000 Equity Shares |
Kaushalya Logistics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of Unsecured Loan
- Funding of working capital requirements of their Company;
- General Corporate Purposes.
Kaushalya Logistics IPO – Business Strategy
- Focus on existing large revenue clients by providing integrated, end-to-end solutions
- Identifying new customers and continuing to diversify their revenues from different industry verticals
- Continue to focus on upgradation of existing systems
- Focus on new warehouses
- Industries served
Kaushalya Logistics 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:
- Integrated, end-to-end logistics services and solutions
- Their existing Network and Storage Capabilities
- Strong knowledge and expertise of their promoters
- Industry experience with strong execution capabilities
- Strong Financial Performance.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 470.58 | 36.50% | 1289.09 |
| 31-Mar-22 | 250.87 | 30.68% | 817.75 |
| Mar-21 | 199.79 | 35.27% | 566.40 |
Kaushalya Logistics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Kaushalya Logistics Limited | 10 | [●] | 470.58 | 36.50% | 63,216.41 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Kaushalya Logistics IPO Lead Managers
| Lead Managers |
| KHANDWALA SECURITIES LIMITED Address: Khandwala Securities Limited Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400 023, Maharashtra, India Tel. No.: +91 22 40767373 Fax No.: +91 22 40767377 Email: rinav@kslindia.com/ipo@kslindia.com Investor Grievance Email: investorsgrievances@kslindia.com Website: www.kslindia.com Contact Person: Rinav Manseta/Abhishek Joshi SEBI Regn. No. INM000001899 |
Kaushalya Logistics IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020 Tel No.: +91-11-40450193-97 Fax No.: +91-11-26812683 Email: ipo@skylinerta.com Investor Grievance Email: grievances@skylinerta.com Website: www.skylinerta.com Contact Person: Anuj Rana SEBI Regn. No.: INR000003241 |
Kaushalya Logistics IPO – Other Details
- Statutory Auditor – M/s. K.N. Gutgutia & Co., Chartered Accountants
- Legal Counsel to the Company – Zenith India Lawyers
- Bankers to the Company – ICICI Bank Limited
Kaushalya 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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Kaushalya Logistics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Kaushalya Logistics IPO Review FAQs
Check out various FAQs related to Kaushalya Logistics IPO:
What is the Issue Size of Kaushalya Logistics IPO?
The Company is making an initial public offer of 4,880,000 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.
What is the Price band of Kaushalya Logistics IPO?
The price band for this particular IPO ranges between Rs 71 to Rs 75. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Kaushalya Logistics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 29, 2023, while the closing date is set at January 3, 2024.
What is the Kaushalya Logistics IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 4, 2024, refund initiation is on January 5, 2024, credit of shares is on January 5, 2024, and share listing date is on January 8, 2024.
What is the Kaushalya Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 8, 2024. The date, when the listing would be done, is stagnant on January 8, 2024.
Who is the Registrar of Kaushalya Logistics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kaushalya Logistics IPO?
Here are the promoters of this IPO – Uddhav Poddar, Uddhav Poddar (HUF), and Bhumika Realty Private Limited. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Kaushalya Logistics IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Kaushalya Logistics IPO Good for Investment?
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.
What is the PAT of Kaushalya Logistics Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 705.87, 2022 is 376.61, and 2021 is 299.69. PAT from Jun 2023 is 214.65.
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