Kaushalya Logistics Limited
IPO Details
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Kaushalya Logistics Limited's has transitioned to a publicly listed entity following its IPO debut on Jan 08, 2024 at the NSE exchange. The public offering successfully raised 48,80,000 Shares, consisting of 33,80,000 Sharesin new capital and ₹11.25 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹71 to ₹75 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between Dec 29, 2023 and Jan 03, 2024, reflecting investor appetite for the offering.
Allotment of shares was completed on Jan 04, 2024, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in August 2007, Kaushalya Logistics Limited provides clearing, forwarding, warehousing, and distribution services to a leading cement manufacturer in India. The company offers multimodal logistics solutions, including land transportation, pick-up, packing, invoicing, documentation, and door-to-door delivery. It also manages warehousing operations using customer-owned or rented facilities. Apart from logistics, Kaushalya distributes electronics and home appliances through an online platform, and in FY 2022-23, it diversified into commercial real estate leasing.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Uddhav Poddar
Kaushalya Logistics Limited
Skyline Financial Services Private Ltd