Kaushalya Logistics IPO will open for subscription from 29 December 2023. The company aims for an issue size of ₹36.60 Cr through this IPO.
Company Overview
| Full name | Kaushalya Logistics Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.kaushalya.co.in/ |
About Company
Kaushalya Logistics offers integrated Logistics and Clearing and Forwarding (C&F) services. Operating in two key sectors, the first involves handling and trading cement for Dalmia Cement Bharat Limited. The second focuses on retail partnerships with a major e-commerce platform, spanning the sale of Electronics and White Goods across India. During FY 2022-23, the company ventured into the business of renting commercial properties.
The company provides the following services:
- Logistics & Transportation- The company provides custom services to cement companies, including multimodal transportation road/rail, pick-up, packing options, delivery, distribution, and complete documentation service.
- Surface Transportation– This service involves the transportation of the client’s goods over the land. The company receives the goods sent by the Cement Companies through Railways and arranges local transport up to the warehouses. The surface transportation services are undertaken through third-party service providers.
- Warehousing & Distribution– The warehouses are under the ownership or lease of customers, not the company. The company oversees warehouse management for customers at 70 locations nationwide.
- Invoicing and Challans– The company generates the Invoices and challans on the ERP system of the customers and arranges the transport for delivery to the distributor location through third-party transport operators.
- Door-to-Door Delivery– The company assumes complete responsibility for door-to-door delivery. This entails picking up the shipment from the shipper’s door and delivering it to the consignee’s door.
Kaushalya Logistics provides services in Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan and operates with a head office in New Delhi and a regional office in Chennai. The company has a workforce of 142 employees.
The Objectives of the Issue
- Repayment of Unsecured Loan
- Funding of working capital requirements of the company;
- General Corporate Purposes.
Kaushalya Logistics IPO Timetable
| IPO Opening date | 29 December 2023 |
| IPO Closing | 03 January 2024 |
| Basis of Allotment | 04 January 2024 |
| Initiation Refund | 05 January 2024 |
| Credit to Demat Account | 05 January 2024 |
| Listing Date | 08 January 2024 |
Kaushalya Logistics IPO details
| Issue type | Fixed Price Issue IPO Book Built Issue IPO |
| IPO issue size | ₹36.60 Cr – 4,880,000 shares |
| Fresh Issue | ₹25.35 Cr – 3,380,000 shares |
| Offer for sale | ₹11.25 Cr – 1,500,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 244,800 shares |
| Shareholding pre-issue | 15,100,000 |
| Shareholding post-issue | 18,480,000 |
| Listing Exchange | NSE SME |
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 |
Kaushalya Logistics IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,334,000 (27.33%) |
| Market Maker Shares Offered | 244,800 (5.01%) |
| QIB Shares Offered | 982,400 (20.12%) |
| NII (HNI) Shares Offered | 696,000 (14.26%) |
| Retail Shares Offered | 1,624,400 (33.28%) |
| Total Shares Offered | 4,881,600 (100%) |
Kaushalya Logistics IPO Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 31.40 | 60.29 | 624.62 |
| Expenses | 29.30 | 58.36 | 622.80 |
| Net income | 3.00 | 3.76 | 7.06 |
Kaushalya Logistics Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.98 | 2.48 | 4.66 |
| PE ratio | – | – | 15.24 – 16.09 |
| RONW (%) | 35.27 | 30.68 | 36.50 |
| NAV | 5.61 | 8.10 | 12.76 |
| ROCE (%) | 60.07 | 65.28 | 70.48 |
| EBITDA (%) | 16.30 | 13.09 | 2.19 |
| Debt/Equity | 0.28 | 0.13 | 0.65 |
Company Promoters
- Uddhav Poddar
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.98% |
Kaushalya Logistics IPO Lead Manager(s)
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 40767373
Email: rinav@kslindia.com/ipo@kslindia.com
Website: www.kslindia.com
Kaushalya Logistics Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st First Floor, Okhla Industrial Area,
Phase-I, New Delhi, 110020
Phone: 011-40450193-197
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Kaushalya Logistics Contact Details
KAUSHALYA LOGISTICS LIMITED
19 Community Centre, First, and Second Floor,
East of Kailash, New Delhi-110065
Phone: +91-011-4132-6013
E-mail: info@kaushalya.co.in
Website: www.kaushalya.co.in
Kaushalya Logistics IPO Allotment Status
Kaushalya Logistics IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Kaushalya Logistics IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
