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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
Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat are the company promoters.
| 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 | ||
The net proceeds from the IPO will be utilized towards the following purposes;
| 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 Size | 2,694,000 Eq Shares of ₹10 (aggregating up to ₹5.39 Cr) |
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 |
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 |
| Pre Issue Share Holding | 99.72% |
| Post Issue Share Holding | 64.79% |
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)
| Category | Subscription (times) |
|---|---|
| NII | 2.13 |
| RII | 7.43 |
| Total | 4.78 |
| 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 |
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Destiny Logistics & Infra Limited
375, Dakshindari Road,
Kolkata – 700 048
Phone: 033-40087463
Email: cs@destinyinfra.in
Website: http://www.destinyinfra.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
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
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.
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