Kaushalya Logistics has had a successful start in the stock market. The company’s shares are now valued at Rs 100, showing a profit of over 33%.
During the Initial Public Offering (IPO), shares were initially sold at Rs 75.
Those who invested in Kaushalya Logistics during the IPO earned a significant profit of Rs 25 per share when the shares were listed.
The IPO subscription period was from December 29, 2023, to January 3.
Following its impressive listing, Kaushalya Logistics’ shares quickly rose by 5%, reaching Rs 105.
The IPO price range was set between Rs 71 and Rs 75. The overall size of Kaushalya Logistics’ public issue was Rs 36.60 crore.
The company, established in August 2007, offers clearing and forwarding services to a prominent cement company.
Additionally, it distributes Electronics & Home Appliances through an online e-commerce platform.
The company’s IPO saw a remarkable subscription rate of 390.88 times. Retail investors subscribed 375.44 times, while Non-Institutional Investors (NII) subscribed 847.88 times.
Qualified Institutional Buyers (QIB) subscribed 92.62 times. Retail investors could participate by investing in 1 lot, which consisted of 1600 shares, totaling Rs 120,000.
Prior to the IPO, the promoters’ stake in Kaushalya Logistics was 99.99%, but it has now decreased to 72.98%.
