Kaushalya Logistics Limited SME IPO
Basic information about the company: Founded in August 2007, this company has carved its niche by providing clearing and forwarding services to a leading cement company in India. The company has diversified its portfolio to include the distribution of electronics and home appliances through an online e-commerce platform. In the fiscal year 2022-23, Kaushalya Logistics made a significant stride by venturing into the commercial real estate leasing business. Services Offered by Kaushalya Logistics Limited
1. Logistics & Transportation
Kaushalya Logistics provides customized services to cement companies, covering the entire spectrum from multimodal transportation, pick-up, packing, delivery, and distribution, to comprehensive documentation. This holistic approach ensures a seamless and efficient supply chain for its clients.
2. Land Transportation
The company's land transportation service seamlessly transfers goods from rail to local warehouses. By orchestrating local transport logistics, Kaushalya Logistics ensures the timely and secure movement of goods to their designated storage points.
3. Warehousing and Distribution
Kaushalya Logistics takes pride in offering top-notch warehousing solutions, utilizing warehouses owned or rented by its clients. From generating invoices to coordinating delivery bills through the client's ERP system, the company goes the extra mile. The responsibility extends to organizing transportation, utilizing third-party providers, and ensuring door-to-door delivery. Objects of the Issue The company aims to utilize the net proceeds judiciously:
Repayment of Unsecured Loan: Clearing financial obligations to pave the way for a debt-free future.
Funding of Working Capital Requirements: Ensuring operational fluidity and flexibility.
General Corporate Purposes: A broad category encompassing diverse corporate needs.
Promoter Holding
Uddhav Poddar, the visionary behind Kaushalya Logistics, holds the reins as the promoter. His substantial pre-issue shareholding of 99.99% underscores his commitment to the company. Post-issue, the promoter holding stands at 72%, signifying a strategic balance between promoter control and public participation. Kaushalya Logistics Limited SME IPO Details
IPO Dates: 29 Dec to 3 Jan 2024
Price Band: ₹71 to ₹75 per share
Lot Size: 1,600 Shares
Amount Per Lot: ₹1,20,000
Listing: NSE SME
GMP: +60% (only for information)
🔸Link for checking IPO Allotment Status: https://www.skylinerta.com/ipo.php Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.