Destiny Logistics & Infra Limited IPO Review
The company is in the logistics business, which includes land-based transportation via a third-party service provider. At the moment, its services are mostly available in the domestic market, more especially in the state of West Bengal. It acquires third-party fleets contractually as well as on the spot market. It provides transportation management services to customers and arranges for third-party operators to perform freight-related services.
To give end-to-end solutions to its clients, the firm offers a variety of services such as packaging, loading, transportation, unloading, and unpacking.
This asset-light business model enables service scalability as well as the freedom to design and deliver bespoke logistic solutions across a wide range of industries. The firm also has a fleet of about ten cars registered in the name of the promoter, which are also utilized for distribution. As a new addition to its line of business, Destiny Logistics has recently ventured into infrastructure construction.
| Subscription Dates | 30 September – 5 October 2021 |
| Price Band | INR20 per share |
| Fresh issue | 2,694,000 shares (INR5.39 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,694,000 shares (INR5.39 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
| FY2019 | FY2020 | FY2021 | |
| Revenue | 673.0 | 675.0 | 1,005.8 |
| Expenses | 656.4 | 657.9 | 949.9 |
| Net income | 4.8 | 5.1 | 30.3 |
Earnings Per Share (EPS): INR6.06
Price/Earnings (PE ratio): 33.0
Return on Net Worth (RONW): 30.25%
Net Asset Value (NAV): INR2.00 per share
| Date | Destiny Logistics IPO GMP | Kostak | Subject to Sauda |
Listing Performance of Destiny Logistics & Infra Limited IPO
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Destiny Logistics & Infra Limited | Oct 13, 2021 | 20 | – | – |
NSE : NA
ISIN CODE : NA
BSE : NA
Dilip Davda – Avoid
IPO Opening Date: 30 September 2021
IPO Closing Date: 5 October 2021
Finalisation of Basis of Allotment: 8 October 2021
Initiation of refunds: 11 October 2021
Transfer of shares to demat accounts: 12 October 2021
Listing Date: 13 October 2021
Opening Price on NSE: INR20.7 per share (up 3.5% from IPO price)
Closing Price on NSE: INR19.7 per share (down 1.5% from IPO price)
Destiny Logistics & Infra Limited
375, Dakshindari Road,
Kolkata – 700 048,
West Bengal
Phone: +91 033-40087463
Email: cs@destinyinfra.in
Website: www.destinyinfra.in
Cameo Corporate Services Limited
Subramanian Building,
1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com
| Category | Non-retail | Retail | Total |
| Shares Offered | 1,416,000 | 1,278,000 | 2,694,000 |
| Day 1 | 2.00 | 0.24 | 1.12 |
| Day 2 | 2.06 | 2.50 | 2.16 |
| Day 3 | 2.06 | 4.51 | 3.29 |
| Day 4 | 1.92 | 7.43 | 4.54 |
Destiny Logistics & Infra Limited IPO FAQ's
The Destiny Logistics & Infra Limited IPO is a NSE, SME IPO of ₹20 per equity share with a face value of ₹10 per equity share.
The issue size is priced at 2,694,000 Eq Shares of ₹10 (aggregating up to ₹5.39 Crore). The initial public offering (IPO) begins on Sep 30, 2021 and ends on Oct 5, 2021.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE, SME.
The Destiny Logistics & Infra Limited IPO opens on Sep 30, 2021 and closes on Oct 5, 2021.
The Destiny Logistics & Infra Limited IPO Market lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
The finalization of Basis of Allotment for Destiny Logistics & Infra Limited IPO will be done on Oct 8, 2021 and the allotted shares will be credited to your demat account by Oct 12, 2021. Check the Destiny Logistics & Infra Limited IPO.
The Destiny Logistics & Infra Limited IPO listing date is on Wednesday, October 13, 2021.
Destiny Logistics & Infra Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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