Destiny Logistics & Infra Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,278,000 (47%) | — | ₹256 Cr |
| Retail | — | 1,278,000 (47%) | — | ₹256 Cr |
| Market Maker | — | 138,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 2,694,000 (100%) | — | ₹5,388 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 1,006 | 675 | 673 |
| Profit After Tax | 30 | 5 | 5 |
| Total Assets | 661 | 180 | 180 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet Working Capital requirement – 4.40
- 2 General Corporate Expenses – 0.60
- 3 Public Issue Expenses – 0.39
Company Overview
Incorporated in 2011, Destiny Logistics and Infra Limited provide logistics services i.e. land-based transportation via 3rd party service providers. It offers a wide range of services i.e. packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, more particularly, in the state of West Bengal.
The business has further diversified into the infrastructure development activity and started the "Construction of Storm Water Drainage Scheme Project" in West Bengal. The total contract value awarded is Rs. 58.27 crores.
Competitive Strengths
- A comprehensive range of transportation services and diversification in infrastructure development.
- Well-defined organizational structure.
- Managerial expertise and smooth operational flow.