The allotment of shares for the initial public offering of Kaushalya Logistics Limited (KLL) will be announced today according the company’s IPO document. Skyline Financial Services Private Limited is the registrar to the Kaushalya Logistics Limited IPO and will facilitate the allotment of shares. The public issue was subscribed a total of 390.88 times with 3.81 lakh applications from the investors, receiving bids worth Rs 9,682 crore against the offer size of Rs 36.60 crore. The data excludes market maker portion figures.
In total, the investors placed bids for about 129 crore shares against 33.02 lakh shares on offer in the public subscription category. The retail portion was subscribed 375.44 times, Non-institutional investors portion most at 847.88 times and the Qualified Institutional Buyers portion was subscribed 92.62 times.
The Rs 36.60 crore public issue of the company, which comprises of a fresh issue of 33.8 lakh shares worth Rs 25.35 crore and an OFS of 15 lakh shares worth Rs 11.25 crore, was open for subscription between December 29, 2023 to January 03, 2024. The book-built issue had the price band set at Rs 71 to Rs 75 per with each equity share at a face value of Rs 10.
The basis of allotment for the IPO of Kaushalya Logistics Limited will be finalised today. Following which, the registrar Skyline Financial Services Pvt Ltd will upload the allotment status at its website. The investors may check their allotment status by visiting the registrar’s website – www.skylinerta.com/ipo.php. The status of application and allocation of shares may also be checked at the BSE and NSE websites. Investors will need their PAN, Application number or Demat account details to check the status.
Founded in 2007, Kaushalya Logistics Limited (KLL) is headquartered in New Delhi and operates primarily in Tamil Nadu, Kerala, Karnataka, Bihar and Rajasthan. The company operates in the business verticals – logistics support for cement industry, retail/e-commerce, and commercial real estate. The current paid up equity capital of the company will increase to Rs 18.53 crore post IPO as it targets a market cap of Rs 138.98 crore. The company plans to utilise the net proceeds to repay the unsecured loans, funding its working capital requirements along with general corporate expenses.
