Kaushalya Logistics IPO

Kaushalya Logistics Limited

₹1,13,600 /1600 sharesMinimum Investment

Kaushalya Logistics IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹75.00₹100.00₹25.00 (33.33%)

Kaushalya Logistics IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Dec ‘23 - 3 Jan ‘24₹1,13,6001,600₹71 - ₹75
Issue SizeIPO Doc
36.60Cr
RHP PDF

About Kaushalya Logistics

Kaushalya Logistics Limited began as a construction-focused company in 2007 before diversifying into logistics support for the cement industry. The company expanded its operations, managing 70 warehouses in various Indian states, including Bihar, Tamil Nadu, and Kerala. These warehouses, mainly serving Dalmia Cement Bharat Limited, handle a range of logistics activities. Now a part of a diversified business conglomerate, Kaushalya Logistics operates across three major verticals. Its primary operation involves logistics support for Dalmia Cement Bharat Limited, covering end-to-end services like clearing, transportation, warehousing, invoicing, and compliance. The second vertical of the business includes retail and e-commerce, where the company sells electronics and white goods on a major online platform, covering locations across India. The operation is supported by agreements with authorized distributors, ensuring competitive pricing and efficiency. Additionally, Kaushalya Logistics has ventured into the commercial real estate sector, owning and renting out commercial properties. ;
Parent Organisation
Kaushalya Logistics Limited
Founded
2007
Managing Director
Mr. Uddhav Poddar

Strengths & Risks

  • Kaushalya Logistics offers a variety of logistics services including transportation, warehousing, and cargo handling. This range enables them to provide end-to-end logistics solutions tailored to client needs.
  • The company has established a network across India, forming relationships with various companies, including those in the cement sector and e-commerce. This network facilitates their broad market reach.
  • They have a well-documented process for warehouse management, equipped with necessary tools and trained personnel for handling, safety, and security of cargo. Their warehouses are designed to accommodate various types of goods.
  • The promoters of Kaushalya Logistics possess significant knowledge in logistic and warehousing management, contributing to the company's tailored solutions in these areas.
  • A significant portion of their revenue depends on one major e-commerce platform. Losing this platform as a client could materially impact the company’s business and financial stability.
  • The majority of their profits come from logistics services provided to one major customer, Dalmia Cement. Losing this customer or a decrease in business volume with them could adversely affect the company.
  • The company is involved in various legal proceedings. Adverse outcomes in these cases could negatively impact their reputation and financial condition.
  • The company has experienced negative cash flow in the past, which may continue and adversely impact the business and financial health.
  • As of September 30, 2023, the company's total debt stands at ₹6,040.07 lakh. High debt levels may make the company more sensitive to economic changes and reduce its operational freedom. This could affect Kaushalya Logistics' ability to pay off its debts and obtain new funding.
  • As of September 30, 2023, the company has unsecured loans of ₹170.12 lakh from group companies, directors, and relatives, which can be demanded for repayment at any time. Such demands could adversely impact cash flows and financial stability.
  • The company has not paid dividends in the past, and future dividends depend on multiple factors, including earnings and financial health. This uncertainty may affect shareholder returns.
  • The company’s promoters have provided personal and corporate guarantees for loans to group companies. Failure or default in repayment by these companies could trigger obligations for Kaushalya Logistics, affecting its operational and financial capacity.
  • As of September 30, 2023, the company faces contingent liabilities of ₹9,126.71 lakh, not covered in financial statements. This could affect the financial position significantly.
  • Previous delays in GST and EPF payments could invite penalties, adversely affecting operations and financial conditions.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular71 - 75₹2 Lakh
High Networth Individual71 - 75₹2 - 5 Lakh
For Kaushalya Logistics IPO, eligible investors can apply as Regular.
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