Kaushalya Logistics is on the brink of a transformative journey, unveiling its much-anticipated Kaushalya Logistics IPO valued at Rs 36.60 crores. This comprises a fresh issue of 33.8 lakh shares (Rs 25.35 crores) and an offer for sale of 15 lakh shares (Rs 11.25 crores). As the subscription window opens on December 29, 2023, and closes on January 3, 2024, eager investors anticipate the allotment on January 4, 2024, followed by the grand listing on NSE SME on January 8, 2024.
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Kaushalya Logistics IPO Details:
- Price Band: ₹71 to ₹75 per share
- Lot Size: 1600 Shares
- Minimum Retail Investment: ₹120,000
- Minimum HNI Investment: 2 lots (3,200 shares) – ₹240,000
The stewardship of the IPO lies in the capable hands of Khandwala Securities Limited as the book manager, with Skyline Financial Services Private Ltd shouldering the registrar responsibilities. The esteemed Nikunj Stock Brokers takes the mantle of the market maker.
Reservation Details:
Kaushalya Logistics IPO allocates 4,881,600 shares with the following distribution:
- QIB: 20.12%
- NII: 14.26%
- RII: 33.28%
- Anchor Investors: 27.33%
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Anchor Investors Details:
On December 28, 2023, the IPO garnered Rs 10.01 crores from anchor investors. The lock-in period for 50% shares concludes on February 16, 2024, while the remaining shares are bound until May 20, 2024.
Kaushalya Logistics IPO Timeline:
- Open Date: December 29, 2023
- Close Date: January 3, 2024
- Basis of Allotment: January 4, 2024
- Listing Date: January 8, 2024
Kaushalya Logistics IPO Promoter Holding:
Uddhav Poddar boasts a 99.99% pre-issue stake, which settles at 72.98% post-issue.
About Kaushalya Logistics Limited:
Inaugurated in August 2007, the company’s spectrum of services includes clearing and forwarding, commercial real estate leasing, and the distribution of electronics and home appliances via an online platform. Operating across Tamil Nadu, Kerala, Karnataka, Bihar, and Rajasthan, Kaushalya Logistics has its headquarters in New Delhi and a regional office in Chennai.
Financial Highlights:
The financial narrative paints a compelling picture, with revenue soaring by 894.14% and profit after tax (PAT) registering an impressive 87.43% surge from FY 2021-22 to FY 2022-23. The company’s total assets, net worth, and reserves display a trajectory of robust financial growth.
Key Performance Indicators:
- Post P/E: 16.2
- Market Cap: ₹138.98 Cr
- ROE: 4713.49%
- ROCE: 70.48%
- EPS: ₹470.58
- RoNW: 36.50%
Analysis:
- Operational Efficiency: The proactive investment strategy contributes to a sturdy asset base.
- Revenue Sustainability: Despite a temporary dip, the company’s financial health remains resilient.
- Profitability Improvement: A substantial PAT increase signifies enhanced profitability strategies.
- Financial Leverage: The augmented borrowing necessitates vigilant management to avert financial strain.
- Shareholder Value Creation: Sustained growth in net worth and reserves bodes well for shareholder value.
Conclusion:
In the landscape of competitive markets, the Kaushalya Logistics IPO emerges as a thoughtfully priced opportunity, notwithstanding concerns about gross profit margins. With a promising future and strategic initiatives, this IPO could serve as a gateway to potential medium- to long-term gains. Investors might find a compelling narrative in this specialist service provider poised for success, with the promise of enhanced performance levels and exciting prospects on the horizon.
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