Exploring the world of IPOs can be exhilarating, especially when a new opportunity knocks at the door. That’s exactly what’s happening with the Kaushalya Logistics SME IPO. I’m here to dive into the details and give you the scoop on what you need to know about this upcoming market entry.
With the listing date set for January 8, 2024, there’s a buzz around how to get in on the action. Whether you’re a seasoned investor or just getting started, understanding the process to subscribe or apply for Kaushalya Logistics SME IPO is crucial. Let’s unravel the mystery together and find out how to navigate this investment opportunity.
Kaushalya Logistics IPO Details
When examining the specifics of the Kaushalya Logistics IPO, it’s critical to focus on the hard facts that outline the investment opportunity. The IPO period ran from December 29, 2023, to January 3, 2024. Strategically set at the beginning of the year, those dates provided investors with an early opportunity to add new assets to their portfolios.
The IPO was structured as a Book Built Issue, indicating that the fare value of the shares would be determined based on the bids received during the IPO process. For the investors eyeing to participate, a price band of ₹71 to ₹75 per share was set. This range gave insight into the valuation and the demand expected for the IPO.
Moreover, the issue type was listed on the NSE SME, a platform that’s become a vibrant ecosystem fostering small and medium-sized enterprises (SMEs)—a fact that underlines the growth potential Kaushalya Logistics was tapping into. The face value of each share was affordably set at ₹10.
|₹71 – ₹75 per share
|₹10 per share
|Total Issue Size
|Offer for Sale (OFS)
|Pre-Issue Share Holding
|Post-Issue Share Holding
|Market Maker Portion
With a total issue size of 4,880,000 shares, investors had the chance to buy into a significant equity offering. The breakdown included a fresh issue of 3,380,000 shares and an offer for sale of 1,500,000 shares, implying that the company was looking to both capitalize on future growth and provide an exit or partial exit for existing investors.
Kaushalya Logistics IPO Timeline
Investing in IPOs requires understanding the critical milestones of the offering. For those keeping a close eye on the Kaushalya Logistics IPO, it’s important to be well-informed about the key dates and activities associated with this opportunity.
The IPO opening date was on Friday, December 29, 2023, which marked the day when investors could start submitting their bids. The window for this process remained open until the IPO closed on Wednesday, January 3, 2024. Interested parties had to ensure their UPI mandates were confirmed by 5 PM on the closing date, a detail not to be overlooked as their bids needed to be considered valid.
Key Post-IPO Activities
Once the subscription window closed, the next significant date was the Basis of Allotment on January 4, 2024. This step determined how shares were distributed among investors, a pivotal moment for those looking to secure a stake in Kaushalya Logistics. Subsequently, two crucial activities occurred on Friday, January 5, 2024: the initiation of refunds for those who were not allotted shares and the much-awaited credit of shares to Demat accounts for successful applicants. These activities were executed seamlessly to ensure transparency and efficiency in the allotment process.
Anticipation for Market Debut
Finally, the IPO process culminated with the listing of Kaushalya Logistics shares on Monday, January 8, 2024, on the NSE SME platform. This date marked the company’s entry into the public market and offered traders their first opportunity to buy or sell the shares in the open market. The buzz around listing day is always palpable, as it clearly signals the market’s reception to the new entrant.
Remember, keeping track of these dates and understanding the procedure is essential for any investor considering participating in an IPO like Kaushalya Logistics. With a dynamic IPO landscape, staying abreast of such timelines can greatly enhance one’s investment strategy.
Kaushalya Logistics IPO Lot Size
The lot size of an IPO is a crucial piece of information for investors. Staying informed is vital, and when it comes to Kaushalya Logistics’ IPO, potential investors were required to pay attention to the specifics of the lot size to participate effectively. The IPO structured its lot size to cater to different investor classes, including retail and high-networth individuals (HNIs).
For retail investors, the minimum application was set at 1 lot consisting of 1600 shares, which equated to an investment of ₹120,000. This bar for entry ensured that retail investors had a sure chance to get a piece of the pie, albeit with a significant initial amount. By setting this threshold, Kaushalya Logistics aimed to attract serious investors who were likely to retain their shares and support the company in its early public days.
HNIs, on the other side, had a higher minimum lot size. The entry point for high-net-worth individuals began at 2 lots, aggregating 3,200 shares, which required a heftier investment of ₹240,000. This differentiation in lot sizes reflects the company’s strategy to balance the investor base by inviting contributions from those who could potentially invest larger sums into the business.
Below is a detailed breakdown of the lot size for the Kaushalya Logistics IPO:
Understanding the intricacies of the lot size was imperative for investors to make an informed decision. It’s also vital to remember that investing in an IPO involves significant risk, including the potential for loss. Therefore, arming oneself with all the relevant information, such as lot size details, before diving into the Kaushalya Logistics IPO was part of a savvy investor’s due diligence process.
Kaushalya Logistics IPO Promoter Holding
When considering an investment in an IPO, promoter holding details offer valuable insights into the company’s ownership structure pre and post-IPO. With respect to Kaushalya Logistics, the company’s promoter, Uddhav Poddar, has been the driving force behind the organization.
Before the IPO, Uddhav Poddar maintained a promoter holding of nearly the entire company, specifically 99.99%. This level of holding indicates a strong level of control and alignment with the company’s prospects. However, following the IPO, the promoter holding changed. Here’s a snapshot:
The dip in promoter holding to 72.98% post-issue resulted from the IPO’s structure, which included a fresh issue and an offer-for-sale component. This change reflects the influx of public shareholders post the IPO, diluting the promoter’s share slightly but still keeping a significant majority with the promoter, which can be seen as a positive sign of ongoing commitment.
It’s also beneficial for potential investors to appreciate the effects of this alteration in shareholder composition. While a promoter holding a majority of shares often commands considerable decision-making power, it’s also indicative of their confidence in the company’s long-term growth. Transitioning from a private company to a publicly traded one, Kaushalya Logistics is poised to expand its capabilities with fresh capital.
Investors should weigh the implications of promoter holding changes in conjunction with the company’s financial performance, growth strategy, and market position. The IPO, managed by Khandwala Securities Limited as the book-running lead manager and with Skyline Financial Services Private Ltd as the registrar, marks an important milestone for Kaushalya Logistics. The company’s ability to capitalize on the funds raised will be critical in assessing the benefit of this shift in ownership distribution.
Kaushalya Logistics Limited Financial Information
When evaluating an IPO, it’s critical to scrutinize the financial health of the company in question. Kaushalya Logistics has significantly escalated its financial stature over the past few years. Here’s a breakdown of key financial parameters to consider:
The company’s assets have demonstrated a robust upward trajectory. As of June 30, 2023, the total assets stood at 16,842.35 lakh, an appreciable increase from 3,276.49 lakh on March 31, 2021. This is indicative of a strategic expansion in the company’s operational capabilities.
Revenue streams paint an even more compelling picture. While the revenue for the period ending March 31, 2021, was 3,328.40 lakh, it surged to an impressive 57,053.16 lakh by June 30, 2023. The substantial revenue growth is a testament to the company’s expanding market presence and operational efficiency.
Profit after tax (PAT) also provides insightful reflections on profitability. There’s been a fluctuation—with a high of 705.87 lakh in March 2023 and a moderate 214.65 lakh by June 2023. These figures reinforce the company’s ability to generate profits, a vital metric for potential investors.
Net worth and reserves give investors an idea of the company’s financial resilience. The net worth has consistently risen, from 849.60 lakh in March 2021 to 2,148.29 lakh as of June 2023—highlighting a stable financial base. Reserves and surplus echo this trend, growing alongside the net worth.
Finally, the total borrowing elucidates the company’s financial obligations. From 1,070.36 lakh in March 2021, borrowing increased to 5,488.50 lakh by June 2023. This uptick could be aligned with the company’s growth and expansion strategies.
|Profit After Tax
|Reserves and Surplus
|30 Jun 2023
Kaushalya Logistics IPO Reservation
With Kaushalya Logistics stepping into the public domain, the anticipation is palpable. As an investor, you’ve got a narrow window from December 29, 2023, to January 3, 2024, to get on board. The Rs 37.88 Cr issue size may seem modest, but it’s a significant move for a company carving out its space in a bustling logistics market. Whether you’re dipping your toes into the investment pool for the first time or you’re a seasoned player, this IPO presents a unique opportunity.
Keep your investment strategy sharp and your decisions informed as you consider reserving your share in Kaushalya Logistics’ growth story. Remember, the best investment decisions are based on thorough research and a clear understanding of your financial goals. Let’s watch as this IPO unfolds and potentially marks a new chapter for investors and the company alike.
About Kaushalya Logistics Limited
Kaushalya Logistics Limited is a name that has been building its reputation in the logistics sector since its inception in August 2007. Based in the bustling capital of India, New Delhi, the company has carved a niche for itself by offering seamless logistics services.
In my research, I’ve found that their commitment isn’t just in words but evidenced through the consistent improvement of their services. The growth of Kaushalya Logistics is a testament to their dedication to efficiency and customer satisfaction.
The Company Check offers a deeper dive into Kaushalya Logistics’ corporate structure and financials. One can notice the company’s steady buildup of assets, which more than doubled in the fiscal year ending March 31, 2023. What’s more impressive is the leap in revenue, showcasing the company’s significant market penetration and operational efficiency.
According to the available information, the Profit After Tax of Kaushalya Logistics Limited has seen a marked increase. This jump in profits speaks volumes about the company’s potential for sustainable growth and its strategic approach to maintaining financial health.
Another critical aspect of Kaushalya Logistics’ financial strategy is its borrowing. A well-managed borrowing plan can strongly indicate a company’s future expansion plans and ability to sustain operational growth.
For individuals interested in a closer look at the company culture and employee perspectives, AmbitionBox offers insights into varied aspects such as employee reviews, salary structures, and benefits. Knowing these details could be useful for both potential investors and job seekers looking to understand the company better.
Kaushalya Logistics isn’t just another logistics service provider. Their financial robustness and commitment to service enhancement position them as a notable player in the logistics industry, something that stock market enthusiasts and potential investors should keep an eye on as the company heads into its IPO phase.
Kaushalya Logistics IPO Review
When assessing the potential of Kaushalya Logistics’ upcoming SME IPO, it’s imperative to consider the company’s financial robustness and market position. Established in 2007, Kaushalya Logistics Limited has carved a niche for itself in the bustling logistics industry of New Delhi. Given the city’s strategic importance in trade and commerce, the company’s positioning could not be more fortuitous.
I’ve noticed the IPO Grey Market Premium (GMP) fluctuates sharply. While some investors use GMP as a temperature check for an IPO’s performance, I advise caution due to its inherent volatility. Instead, a deep dive into the company’s growth metrics and financial health is a wiser strategy. According to the Draft Red Herring Prospectus (DRHP), one of the key uses of the net proceeds is to repay unsecured loans, which speaks to the company’s intent to strengthen its balance sheet.
|Critical factor; GMP is highly volatile
|Essential to understand; provides insight into financial health
|Should be based on in-depth analysis, not solely on GMP or market sentiment
The importance of the book-running lead manager cannot be overstated either. Khandwala Securities Limited has been at the helm of this IPO, offering a vote of confidence to potential investors. It’s reassuring to know that experienced hands are guiding the ship, especially in a sector as dynamic as logistics.
For potential investors who are clients of Zerodha, applying for the IPO via the UPI payment mode could streamline the process. Keeping track of updates on platforms like InvestorGain and The Company Check is essential for getting a comprehensive view of the IPO progress.
Investigating the company’s corporate structure and past financials yields clues about its operational efficiency and market penetration. With assets reported to have more than doubled in the recent fiscal year and a marked leap in revenue, it’s evident that Kaushalya Logistics is making impactful strides.
All things considered, it’s vital to align investment decisions with personal financial goals and risk tolerance. By examining the health and track record of Kaushalya Logistics Limited, investors can make an informed decision on the merits of the IPO without relying on the transitory sentiments reflected by the GMP.
Kaushalya Logistics IPO Strengths and Weaknesses
Kaushalya Logistics’ IPO emerges as a noteworthy opportunity, reflecting the company’s substantial growth and promising financials. I’ve highlighted the impressive asset accumulation and revenue growth strides, underscoring the company’s operational efficiency. The significant jump in Profit After Tax reaffirms my confidence in its potential for sustainable expansion. Moreover, the strategic financial planning evident in the company’s borrowing showcases a well-thought-out approach to scaling up.
As an investor, you’ll want to weigh these strengths against any potential weaknesses and align your decision with your financial objectives. Remember, while the GMP can provide early market sentiment, thorough due diligence is key. I suggest watching Kaushalya Logistics as it makes its bold entrance on the NSE SME platform, potentially paving the way for a fruitful investment journey.
How to Apply for Kaushalya Logistics IPO in Zerodha
You can apply for Kaushalya Logistics IPO in Zerodha by following these steps:
- Log in to kite.zerodha.com.
- Click on Bids, then IPO.
- Click on Apply, select the investor type, and enter the UPI ID.
- Enter the Quantity and Price, ensuring the quantity is a multiple of the lot size, and the price is within the issue price.
- Tap on the undertaking tick box and apply.
- Accept the mandate on the UPI app.