Kaushalya Logistics IPO emerges as a promising venture, with an issue size of Rs. 36.60 crores. Comprising a fresh issue of 33.8 lakh shares worth Rs. 25.35 crores and an offer for sale of 15 lakh shares totaling Rs. 11.25 crores, this book-built issue beckons potential investors.
Commencing its subscription phase on December 29, 2023, and concluding on January 3, 2024, the IPO’s allotment is anticipated to culminate on Thursday, January 4, 2024. Scheduled for listing on NSE SME by Monday, January 8, 2024, Kaushalya Logistics IPO is poised for an eventful debut.
The price band for this IPO is set attractively between Rs. 71 to Rs. 75 per share, with a minimum lot size pegged at 1600 shares. Retail investors are required to invest a minimum of Rs. 120,000, while high-net-worth individuals (HNIs) are encouraged to consider 2 lots, totaling 3,200 shares, amounting to Rs. 240,000.
Khandwala Securities Limited spearheads the IPO as the book running lead manager, while Skyline Financial Services Private Ltd assumes the role of the registrar. Nikunj Stock Brokers, as the market maker, holds a pivotal position in Kaushalya Logistics IPO.
For comprehensive insights and detailed information, prospective investors are encouraged to refer to the Kaushalya Logistics IPO RHP (Red Herring Prospectus). This IPO stands as a prospective opportunity for astute investors eyeing the logistics sector’s growth trajectory.
Kaushalya Logistics IPO Details
| IPO Details | Information |
| IPO Date | December 29, 2023 to January 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,880,000 shares (aggregating up to ₹36.60 Cr) |
| Fresh Issue | 3,380,000 shares (aggregating up to ₹25.35 Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹11.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 15,100,000 |
| Shareholding Post-Issue | 18,480,000 |
| Market Maker Portion | 244,800 shares |
The Kaushalya Logistics IPO, spanning from December 29, 2023, to January 3, 2024, stands out with significant statistics. With a face value of Rs. 10 per share and a price band oscillating between Rs. 71 to Rs. 75 per share, this IPO presents an enticing opportunity for prospective investors.
The lot size is set at 1600 shares, catering to various investment preferences. Boasting a total issue size of 4,880,000 shares, this includes a fresh issue comprising 3,380,000 shares worth Rs. 25.35 Cr, and an offer for sale featuring 1,500,000 shares, valuing at Rs. 11.25 Cr.
Categorized as a Book Built Issue IPO, this venture is primed for listing at NSE SME. Pre-issue shareholding stands at 15,100,000 shares, while post-issue, it’s expected to reach 18,480,000 shares. Notably, the Market Maker portion amounts to 244,800 shares, indicating confidence and market participation.
Investors eyeing this IPO can anticipate potential growth opportunities within the logistics sector, making Kaushalya Logistics IPO a compelling consideration for those seeking investment avenues.
Kaushalya Logistics IPO Timeline
| Event | Date |
| IPO Open Date | Friday, December 29, 2023 |
| IPO Close Date | Wednesday, January 3, 2024 (Cut-off time for UPI mandate confirmation: 5 PM) |
| Basis of Allotment | Thursday, January 4, 2024 |
| Initiation of Refunds | Friday, January 5, 2024 |
| Credit of Shares to Demat | Friday, January 5, 2024 |
| Listing Date | Monday, January 8, 2024 |
The Kaushalya Logistics IPO unfolds within a structured timeline, commencing its subscription phase on December 29, 2023, and concluding on January 3, 2024, with a crucial cut-off time for UPI mandate confirmation set at 5 PM on the closing date.
Post closure, the Basis of Allotment is scheduled for Thursday, January 4, 2024, followed by the initiation of refunds and the credit of shares to Demat accounts, both slated for Friday, January 5, 2024.
The eagerly anticipated listing of Kaushalya Logistics IPO on NSE SME is marked for Monday, January 8, 2024, signifying the commencement of trading and the IPO’s debut in the market landscape. This well-defined timeline provides stakeholders and investors with clear milestones, ensuring a structured and efficient process throughout the IPO journey.
Kaushalya Logistics IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Investors keen on participating in the Kaushalya Logistics IPO have a structured lot size, offering flexibility while adhering to minimum and maximum investment criteria.
For retail investors, the bidding range stands from a minimum of 1600 shares (equivalent to 1 lot) with an investment requirement of Rs. 120,000, extending up to the maximum cap of 1600 shares, maintaining the same investment threshold of Rs. 120,000.
High-net-worth individuals (HNIs) have a different scale, where the minimum application starts at 2 lots, totaling 3,200 shares and an investment of Rs. 240,000. This ensures varying investment options, accommodating diverse investor profiles and preferences within the IPO framework.
Kaushalya Logistics IPO Promoter Holding
| Promoter | Uddhav Poddar |
| Share Holding Pre-Issue | 99.99% |
| Share Holding Post-Issue | 72.98% |
Uddhav Poddar, identified as the Promoter of Kaushalya Logistics, holds a significant stake in the company. Prior to the issue, the Promoter’s shareholding stands remarkably high at 99.99%. Following the issue, the Promoter’s holding is expected to be at 72.98%, signifying a slight dilution due to the issuance of new shares as part of the IPO process. This substantial ownership showcases the Promoter’s vested interest and commitment to the company’s growth and success.
Kaushalya Logistics IPO Key Performance Indicators
| KPI | Values |
| Post P/E (x) | 16.2 |
| Market Cap (₹ Cr.) | 138.98 |
| Return on Equity (ROE) | 4713.49% |
| Return on Capital Employed (ROCE) | 70.48% |
| Earnings Per Share (EPS) | ₹470.58 |
| Return on Net Worth (RoNW) | 36.50% |
The key performance indicators (KPIs) for the Kaushalya Logistics IPO provide insightful metrics reflecting the company’s financial health and potential. The post Price-to-Earnings (P/E) ratio stands at 16.2, indicating the market’s valuation of the company’s earnings after the IPO.
Kaushalya Logistics’ Market Cap, valued at Rs. 138.98 Cr., offers an estimation of the company’s total market value based on its outstanding shares.
The Return on Equity (ROE) exhibits an impressive 4713.49%, showcasing the company’s ability to generate profits from shareholders’ equity. The Return on Capital Employed (ROCE) at 70.48% signifies the efficiency of capital utilization.
Earnings Per Share (EPS) stands at Rs. 470.58, depicting the company’s profitability per outstanding share. Lastly, the Return on Net Worth (RoNW) at 36.50% reflects the company’s ability to generate profits based on its net worth, illustrating a favorable financial performance. These KPIs provide potential investors with crucial financial insights into Kaushalya Logistics’ operational efficiency and profitability.
Kaushalya Logistics IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Kaushalya Logistics SME IPO has exhibited a positive trend in recent sessions, suggesting promising market sentiment. As of the latest update on December 29th, 2023, at 01:25 PM, the GMP stands at Rs. 50, signaling an upward movement from previous days.
The estimated listing price for Kaushalya Logistics SME IPO is calculated considering the price band of Rs. 75. With today’s GMP of Rs. 50, the expected listing price is Rs. 125 (75 + 50), indicating an anticipated gain of 66.67% per share.
The Retail Subject to Sauda for Kaushalya Logistics SME IPO is Rs. 60,800, highlighting significant interest among retail investors for subscription.
Kaushalya Logistics Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 29-12-2023 Open | 75.00 | ₹50 Up | 60800 | ₹125 (66.67%) | 29-Dec-2023 13:25 |
| 28-12-2023 | 75.00 | ₹35 Up | 42600 | ₹110 (46.67%) | 28-Dec-2023 23:27 |
| 27-12-2023 | 75.00 | ₹30 No change | 36500 | ₹105 (40%) | 27-Dec-2023 23:27 |
| 26-12-2023 | 75.00 | ₹30 Up | 36500 | ₹105 (40%) | 26-Dec-2023 17:15 |
| 25-12-2023 | 75.00 | ₹0 No change | — | ₹ (0%) | 25-Dec-2023 6:02 |
| 24-12-2023 | ₹0 No change | — | ₹ (0%) | 24-Dec-2023 23:33 |
IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) is a significant indicator of the expected performance of an IPO on its listing day. It represents the price at which the IPO is traded in an unofficial or unregulated market before its official listing. A positive GMP indicates that the IPO is likely to debut at a premium on the listing day, potentially yielding profits for investors who subscribed during the IPO. Conversely, a negative GMP suggests that the IPO might debut at a discount upon listing.
However, it’s crucial to acknowledge that IPO GMP is highly volatile and speculative. Relying solely on GMP for investment decisions regarding Kaushalya Logistics SME IPO or any IPO can be risky. Various factors influence the market, and GMP might fluctuate frequently based on market sentiment, demand, and other unforeseen circumstances.
Before making investment decisions in Kaushalya Logistics SME IPO or any IPO, it’s essential to conduct comprehensive research, analyze the company’s fundamentals, study the industry trends, consider financial metrics, and evaluate risk factors. Consulting with financial advisors and understanding one’s risk tolerance is crucial in making informed investment choices.
Investors should not solely rely on GMP but should consider it as one of the multiple factors in their investment decision-making process. Making well-informed and prudent investment decisions involves a thorough assessment of various aspects beyond GMP to mitigate risks and optimize investment outcomes.
Kaushalya Logistics Limited
Kaushalya Logistics Limited, established in August 2007, has carved a niche in diverse sectors, primarily offering clearing and forwarding services to a prominent cement company in India. Additionally, the company has ventured into e-commerce, specializing in the distribution of electronics and home appliances via an online platform. Notably, in the fiscal year 2022-23, Kaushalya Logistics expanded its portfolio by delving into commercial real estate leasing.
Logistics & Transportation: Tailored services catered to cement companies, covering a range of operations from multimodal transportation, pick-up, packaging, and delivery to comprehensive documentation services.
Land Transportation: Efficient management of goods’ transportation via land routes, handling shipments received by rail from cement companies and organizing local transport to warehouses.
Warehousing and Distribution: Offering comprehensive warehousing solutions involving customer-owned or rented warehouses. The company manages the entire logistics chain, from invoicing through the customer’s ERP system to coordinating transportation for delivery through third-party providers. Kaushalya Logistics assumes responsibility for door-to-door delivery, ensuring a seamless process from shipper to consignee.
Operating across Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan, the company boasts its headquarters in New Delhi, supplemented by a regional office in Chennai. With a dedicated team of 142 employees, Kaushalya Logistics remains committed to delivering efficient, integrated, and reliable logistics and distribution services across multiple domains, exemplifying versatility and adaptability in the dynamic market landscape.
Consolidated Financial Information Restated for Kaushalya Logistics Limited
Kaushalya Logistics Limited’s restated consolidated financial information in Rs. Lakhs, depicting significant growth in revenue and profit after tax (PAT) between March 31, 2023, and March 31, 2022:
| Financials (₹ Lakhs) | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 16,842.35 | 14,069.86 | 6,493.87 | 3,276.49 |
| Revenue | 57,053.16 | 63,216.41 | 6,358.92 | 3,328.40 |
| Profit After Tax (PAT) | 214.65 | 705.87 | 376.61 | 299.69 |
| Net Worth | 2,148.29 | 1,933.64 | 1,226.62 | 849.60 |
| Reserves and Surplus | 2,133.29 | 1,918.64 | 1,211.62 | 834.60 |
| Total Borrowing | 5,488.50 | 3,213.34 | 2,476.88 | 1,070.36 |
The financial data showcases a significant growth trajectory for Kaushalya Logistics Limited. The company experienced a remarkable surge in revenue from Rs. 6,358.92 Lakhs in March 2022 to Rs. 63,216.41 Lakhs in March 2023, marking an increase of 894.14%. Correspondingly, the Profit After Tax (PAT) increased from Rs. 376.61 Lakhs to Rs. 705.87 Lakhs, reflecting an 87.43% rise within the same period.
Furthermore, the company’s asset base expanded substantially, escalating from Rs. 6,493.87 Lakhs in March 2022 to Rs. 14,069.86 Lakhs in March 2023, demonstrating substantial growth and increased financial stability.
Additionally, Net Worth, Reserves and Surplus, as well as Total Borrowings, also witnessed significant increments over the stated periods, indicating the company’s strides in expansion, strategic financial management, and potential investment initiatives.
Kaushalya Logistics IPO Objects of the Issue
The objectives behind the allocation of Net Proceeds from the Kaushalya Logistics IPO encompass several key areas:
Repayment of Unsecured Loan: A portion of the funds raised will be directed towards the repayment of existing unsecured loans, potentially reducing financial liabilities and interest burdens, contributing to improved financial health.
Funding of Working Capital Requirements: Another significant portion of the proceeds will be allocated to support the company’s working capital needs. This allocation aims to enhance liquidity, enabling smoother operational functions, and facilitating day-to-day business activities without constraints.
General Corporate Purposes: The remainder of the proceeds will be utilized for general corporate purposes, allowing flexibility in managing various operational aspects, potential expansions, technology upgrades, or any other strategic initiatives essential for the company’s growth and sustainability.
The delineation of Net Proceeds allocation underscores the company’s focus on bolstering its financial position, ensuring operational fluidity, and fostering growth in pursuit of its business objectives and overall corporate strategy.
