Kaushalya Logistics Limited are reportedly trading Rs 60 higher in the grey market, reflecting an 80 per cent listing gain from the public issue.
Kaushalya Logistics IPO has received an overwhelming response from investors, with a subscription of 387.81 times by the end of the final day of bidding. This is a strong indication of investor interest in the SME IPO, with bids received for 1,28,08,68,800 shares against the offered 33,02,800 shares. Investors are showing significant enthusiasm for the company’s public offering.
Kaushalya Logistics IPO, with a size of Rs 36.6 crore, opened for public subscription on December 29. The share allotment is scheduled to be finalized on January 4, and the listing on the stock exchange is set for January 8.
Investors will be eagerly awaiting the listing to see how the market values the company’s shares and to assess the performance of the IPO.
The subscription figures provide more insights into the overwhelming demand for the Kaushalya Logistics IPO across different investor categories. As of 4:23 pm on January 3, the non-institutional investors category received an incredible 847.53 times subscription, indicating strong interest from this segment. The retail individual investors (RIIs) category also saw a substantial subscription of 369.37 times, showcasing retail investors’ enthusiasm. The Qualified Institutional Buyers (QIB) category received a robust subscription of 92.62 times.
Kaushalya Logistics Initial Public Offering Grey Market Premium Today
are reportedly trading Rs 55 higher in the grey market compared to its issue price. The Grey Market Premium (GMP) of Rs 55 implies an expected listing gain of 73.33 percent from the public issue. It’s important to note that GMP is based on market sentiments and can change rapidly.
Kaushalya Logistics Initial Public Offering Details
The price band for the IPO is set at Rs 71 to Rs 75 per share. The minimum lot size for an application is 1,600 shares. Therefore, retail investors would need to invest a minimum of Rs 1,20,000 (considering the upper price band of Rs 75 per share).
For High Net Worth Individuals (HNIs), the minimum lot size investment is 2 lots, totaling 3,200 shares, and amounting to Rs 2,40,000 (considering the upper price band).
It’s essential for investors to carefully review the IPO details, including the price band, lot size, and other relevant information, before making investment decisions.
Kaushalya Logistics IPO. Here’s a summary:
- Book Running Lead Manager (BRLM):
- Khandwala Securities Limited
- Registrar:
- Skyline Financial Services Private Ltd
- Market Maker:
- Nikunj Stock Brokers
These entities play crucial roles in the IPO process. The Book Running Lead Manager manages the entire IPO process, including the roadshows, marketing, and allocation of shares. The Registrar is responsible for handling the share allotment and refund processes.
The Market Maker facilitates liquidity in the market for the stock post-listing. Investors should be aware of these details to understand the dynamics of the IPO and the associated entities.
