Kaushalya Logistics Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Kaushalya

CMP

90.05

-1.70 (-1.85%)

  • DRHP
₹75

Offer Price

₹ 36.60 Cr

Issue Size

₹ 1,20,000

Min Investment

1,600

Lot size

Time Line

  • 29
    Dec 2023
    Open
  • 03
    Jan 2024
    Close
  • 04
    Jan 2024
    Finalisation of Basis of Allotment
  • 05
    Jan 2024
    Initiation of Refunds
  • 05
    Jan 2024
    Transfer of Shares to Demat Account
  • 08
    Jan 2024
    Listing Date

Objects of the Offer

  • Focus on existing large revenue clients by providing integrated, end-to-end solutions and continue to provide additional services to existing clients.

  • Identifying new customers and continue to diversify its revenues from different industry verticals.

  • Continue to focus on upgradation of existing systems.

  • Focus on new warehouses.

  • Industries served.

Products & Services

  • The Company is into business of providing Clearing and Forwarding services and is also engaged in the selling of electronic and white good products on online e-commerce platform.

Strengths

  • Integrated, end-to-end logistics services and solutions.

  • Its existing Network and Storage Capabilities.

  • Strong knowledge and expertise of its promotors.

  • Industry experience with strong execution capabilities.

  • Strong Financial Performance.

Risks

  • Substantial portion of its revenue has been dependent upon e-commerce business which is through only one major e-commerce platform. The loss of its major e-commerce platform would have a material adverse effect on itd business, cash flows, results of operations and financial condition.

  • Substantial portion of its profits has been dependent upon logistics business which has only one major customer. The loss of the company`s major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

  • There are outstanding litigation proceedings involving the Company and Group Companies, an adverse outcome in which, may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

  • The Registered Office, Branch Offices and warehouses of the Company are not owned by it.

  • Non stamping of Gift Deeds for the shares acquired by the Promoters.

Company Promoters

Promoters Holding

Issue For IPO
19.31%
Pre Holding

61.44%

Post Holding

42.13%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 31.40 (-) 61.24 (95.00%) 654.59 (968.90%)
Gross Profit 31.40 (-) 61.24 (95.00%) 654.59 (968.90%)
Net Income 31.40 (-) 61.24 (95.00%) 654.59 (968.90%)
Assets 31.40 (-) 61.24 (95.00%) 654.59 (968.90%)
Liabilities 31.40 (-) 61.24 (95.00%) 654.59 (968.90%)

Book Running Managers

  • Khandwala Securities Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

19 Community Centre,
I & IInd Floor,
East Kailash - 110065
Phone : +91-011-4132 6013 Email : info@kaushalya.co.in www.kaushalya.co.in

Offer Related Information

Initial public offer of upto 48,80,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Kaushalya Logistics Limited ("The Company" or "The Issuer") at an offer price of Rs. 75 per equity share for cash, aggregating up to Rs. 36.60 crores ("Public Offer") comprising of a fresh issue of 33,80,000 equity shares aggregating to Rs. 25.35 crores (the "Fresh Issue") and an offer for sale of 15,00,000 equity shares by the selling shareholders ("Offer for Sale") aggregating to Rs.... More

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