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Another IPO is open for betting. This is the IPO of Kaushalya Logistics. The company’s IPO will be open for subscription from December 29 to January 3, 2024. Kaushalya Logistics IPO price band Rs. 71 to 75 is. The company’s shares are already making waves in the gray market. Kaushalya Logistics shares are trading at a premium of over 47 per cent in the gray market. The total public issue size of the company is Rs. 36.60 crores.
Shares may list around Rs 110
Kaushalya Logistics IPO price band Rs. 71 to 75 is. Shares of the company in the gray market at Rs. 35 are being traded at a premium. Rs. At the upper price band of 75, shares of Kaushalya Logistics traded at Rs. Around 110 can be listed. That is, investors who will acquire shares of Kaushalya Logistics in the IPO can expect a profit of around 47% on the day of listing. Allotment of shares in the company’s IPO will be final on January 4, 2024. At the same time, shares of Kaushalya Logistics may be listed on the market on January 8.
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Retail investors can bet on 1600 shares
Retail investors can bid for 1 lot in Kaushalya Logistics’ IPO. One lot of IPO has 1600 shares. That means retail investors have to invest 120000 rupees. Shares of Kaushalya Logistics will be listed on the SME platform of the National Stock Exchange. Kaushalya Logistics was launched in August 2007. The company provides clearing and forwarding services to a major cement company. Apart from this, the company also distributes electronics and home appliances through an online e-commerce platform. Before the IPO, the promoters’ stake in the company was 99.99%, which will be 72.98% after the IPO.
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