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Destiny Logistics & Infra Limited IPO (Destiny Logistics & Infra IPO) Detail

Sep 30, 2021 - Oct 5, 2021

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.

Company Promoters:

Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 660.77 180.11 179.83
Total Revenue 1005.79 674.97 672.97
Profit After Tax 30.30 5.11 4.78

Objects of the Issue:

The net proceeds from the IPO will be utilized towards the following purposes;

  • Meet working capital requirements.
  • To meet issue expenditures.
  • Meet general corporate purposes.

Destiny Logistics & Infra IPO Details

IPO Opening Date Sep 30, 2021
IPO Closing Date Oct 5, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At NSE SME
Issue Size2,694,000 Eq Shares of ₹10
(aggregating up to ₹5.39 Cr)

Destiny Logistics & Infra IPO Tentative Timetable

The Destiny Logistics & Infra IPO open date is Sep 30, 2021, and the close date is Oct 5, 2021. The issue may list on Oct 13, 2021.

IPO Open Date Sep 30, 2021
IPO Close Date Oct 5, 2021
Basis of Allotment Date Oct 8, 2021
Initiation of Refunds Oct 11, 2021
Credit of Shares to Demat Account Oct 12, 2021
IPO Listing Date Oct 13, 2021

Destiny Logistics & Infra IPO Lot Size

The Destiny Logistics & Infra IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

Destiny Logistics & Infra IPO Promoter Holding

Pre Issue Share Holding 99.72%
Post Issue Share Holding 64.79%

Destiny Logistics & Infra IPO Subscription Status (Bidding Detail)

The Destiny Logistics & Infra IPO is subscribed 4.78 times on Oct 5, 2021 17:00. The public issue subscribed 7.43 in the retail category, in the QIB category, and 2.13 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII

2.13

RII

7.43

Total

4.78

Destiny Logistics & Infra IPO Prospectus

Destiny Logistics & Infra IPO Rating

38
3.7
Rating:Rated 3.7 stars
Vote Here ...

Destiny Logistics & Infra IPO Listing Date

Listing Date Wednesday, October 13, 2021
BSE Script Code
NSE Symbol DESTINY
Listing In
ISIN INE0IGO01011
IPO Price ₹20 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹20.00
Open: ₹20.70
Low: ₹19.70
High: ₹20.70
Last Trade: ₹19.70

Company Contact Information

Destiny Logistics & Infra Limited
375, Dakshindari Road,
Kolkata – 700 048

Phone: 033-40087463
Email: cs@destinyinfra.in
Website: http://www.destinyinfra.in/

Destiny Logistics & Infra IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/

Destiny Logistics & Infra IPO Reviews / Ratings

Destiny Logistics & Infra IPO Lead Manager(s)

Destiny Logistics & Infra IPO FAQs

Destiny Logistics & Infra IPO is a SME IPO of 2,694,000 equity shares of the face value of ₹10 aggregating up to ₹5.39 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Sep 30, 2021, and closes on Oct 5, 2021.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Destiny Logistics & Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Destiny Logistics & Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Destiny Logistics & Infra IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Destiny Logistics & Infra IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Destiny Logistics & Infra IPO opens on Sep 30, 2021 and closes on Oct 5, 2021.

Destiny Logistics & Infra IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in Destiny Logistics & Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Destiny Logistics & Infra 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 IPO allotment status.

The Destiny Logistics & Infra IPO listing date is on Wednesday, October 13, 2021.

Destiny Logistics & Infra IPO Message Board

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