{"id":23277,"date":"2023-12-29T11:45:30","date_gmt":"2023-12-29T06:15:30","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2023\/12\/29\/kaushalya-logistics-limited-ipo-opens-on-29th-december-2023\/"},"modified":"2023-12-29T11:45:30","modified_gmt":"2023-12-29T06:15:30","slug":"kaushalya-logistics-limited-ipo-opens-on-29th-december-2023","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2023\/12\/29\/kaushalya-logistics-limited-ipo-opens-on-29th-december-2023\/","title":{"rendered":"Kaushalya Logistics Limited IPO Opens on 29th December, 2023"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], December 29<\/strong>: Kaushalya Logistics\u00a0Limited, a diversified conglomerate,\u00a0operating in logistics, e-commerce, and commercial real estate,\u00a0has announced its plans to go public with an Initial Public Offering on\u00a029thDecember, 2023. The company is aiming to raise\u00a0\u20b9\u00a036.60Crore\u00a0on upper band price through this IPO, with shares set to be listed on the\u00a0NSE EMERGE platform.<\/p>\n<p>The issue size is Up to\u00a048,80,000\u00a0equity shares at face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n<p>Equity Share Allocation<\/p>\n<p>\u25cf\u00a0QIB Anchor Portion\u00a0\u2013\u00a0Up To\u00a013,34,400\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB)\u00a0\u2013\u00a0Up To\u00a09,82,400Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013 Up To\u00a06,96,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013 Up To\u00a016,22,400Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a02,44,800\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized for\u00a0Repayment of Unsecured Loans,\u00a0Funding Working Capital Requirements, and General Corporate Expenses.\u00a0The bidding for Anchor portion will open on\u00a028th\u00a0December, 2023 and the issue closes on\u00a003rd\u00a0January, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue is\u00a0KhandwalaSecurities Limited. The Registrar to the Issue is\u00a0Skyline Financial Services Private Limited.<\/p>\n<p>Mr. Uddhav Poddar,\u00a0Managing Director\u00a0of\u00a0Kaushalya Logistics Limited\u00a0expressed,\u00a0\u201cThis IPO marks a pivotal milestone in the growth journey of Kaushalya Logistics Limited. Our\u00a0strategic\u00a0positioning in key sectors reflects a vision aimed\u00a0towards\u00a0unlocking new opportunities.\u00a0<\/p>\n<p>The capital raised through this offering will be\u00a0utilized\u00a0for the repayment of unsecured loans and addressing working capital requirements.\u00a0Our development as an integrated Logistics and Clearing and Forwarding (C&amp;F) services provider further reinforces our commitment to delivering comprehensive solutions in the industry.\u201d<\/p>\n<p>Mr.\u00a0Rinav\u00a0Manseta,\u00a0Associate Director\u00a0of\u00a0Khandwala Securities Limited\u00a0said,\u00a0\u201cWe are\u00a0excited\u00a0to be part of this significant step in Kaushalya Logistics Limited\u2019s\u00a0journey.\u00a0The company has demonstrated strength and strategic skill in navigating various markets.\u00a0This strategic initiative underscores Kaushalya\u00a0Logistics\u2019\u00a0dedication to expanding and innovating within its existing businesses.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], December 29: Kaushalya Logistics\u00a0Limited, a diversified conglomerate,\u00a0operating in logistics, e-commerce, and commercial real estate,\u00a0has announced its plans to go public with an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-23277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/23277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=23277"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/23277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/23278"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=23277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=23277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=23277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}