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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 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

Destiny Logistics & Infra IPO Date Sep 30, 2021 to Oct 5, 2021
Destiny Logistics & Infra IPO Face Value ₹10 per share
Destiny Logistics & Infra IPO Price ₹20 per share
Destiny Logistics & Infra IPO Lot Size 6000 Shares
Issue Size2,694,000 shares of ₹10
(aggregating up to ₹5.39 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Destiny Logistics & Infra IPO Timeline (Tentative Timetable)

Destiny Logistics & Infra IPO opens on Sep 30, 2021, and closes on Oct 5, 2021. The Destiny Logistics & Infra IPO bid date is from Sep 30, 2021 10.00 A.M. to Oct 5, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Destiny Logistics & Infra IPO Opening Date Sep 30, 2021
Destiny Logistics & Infra IPO Closing Date Oct 5, 2021
Basis of Allotment Oct 8, 2021
Initiation of Refunds Oct 11, 2021
Credit of Shares to Demat Oct 12, 2021
Destiny Logistics & Infra IPO Listing Date Oct 13, 2021

Destiny Logistics & Infra IPO Lot Size

The Destiny Logistics & Infra IPO 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
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 Review

Though the company is doing asset-light business, it is in a highly competitive and fragmented business. Financial data is not matching the aggressive asking price. Even with the higher earnings of FY21, issue pricing is at a high P/E. There is no harm in giving this issue a MISS. Read detail review...


Destiny Logistics & Infra IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)
NII2.13
Retail7.43
Total4.78

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 share
Face Value ₹10 per 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 Review

Destiny Logistics & Infra IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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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 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 .

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.
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Destiny Logistics & Infra IPO Message Board

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32 Comments

14. B.K. Singhania |   Link |Nov 23, 2021 12:43:51 PM
i am thinking to apply in this sme ipo but seeing these listing can not come right now
13. Aman Garg |   Link |Oct 27, 2021 10:47:11 AM
Will this stock will rise or not? Can anybody tell this stock is good for long term or not?
12. G J 😃 |   Link |Oct 13, 2021 9:54:17 AM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
+3.5% listing gain
12.7. Aman Garg |   Link |Oct 13, 2021 1:06:10 PM
How to trade for this sme ipo? Shares are not being trade. Anyone plzz tell reason behind it? I can''t even sell this ipo. It''s saying sorry for the inconveniences.
12.8. lokes |   Link |Oct 13, 2021 1:23:54 PM
IPO Guru IPO Guru (3100+ Posts, 3300+ Likes)
@aman: its in lower circuit now, no buyers so order will not be executed until circuit will open or if someone will buy at lower circuit price.
you can still place your sell order at market price, order should be able to place or check with your broker
11. Small Investor |   Link |Oct 13, 2021 12:30:51 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
dhyan se sun lo
LM Chore H
10 me se 1 IPO acha chlta h baki 9 flop
10. Spock 🖖 |   Link |Oct 13, 2021 10:03:17 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
this is the reason we usually call this L M finchor
9. Amit Jaipur |   Link |Oct 5, 2021 11:33:03 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Aaj sab log kahan busy ho gaye. 5 sme ipos are closing today & no hulchul at all.
9.4. Dinesh Singh |   Link |Oct 5, 2021 4:13:11 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
I applied in these twins plus CWD.
Let''s see what happens on listing day.
9.5. G J |   Link |Oct 5, 2021 5:16:42 PM
IPO Mentor IPO Mentor (800+ Posts, 200+ Likes)
@Dinesh,
Best of luck...

CWD might reward you in medium to long term, not sure about its listing gain.
8. Amit Jaipur |   Link |Oct 5, 2021 4:18:01 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Dinesh ji i also wanted to apply but recd. No response thats why skipped all of them.Anyway thanx.
7. Amit Jaipur |   Link |Oct 5, 2021 12:50:04 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
My Concern was just about increasing its subscription figures slowly n slowly.
6. Amit Jaipur |   Link |Oct 5, 2021 12:48:38 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Thanx Mr Spock .
5. Amit Jaipur |   Link |Oct 5, 2021 12:12:52 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Retail subscription figures are increasing slowly but Hni are stable. Seems same like that of bombay metrics.
4. Amit Jaipur |   Link |Oct 5, 2021 10:47:57 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Gm Dear Friends.
What are the experts view whether to apply or not in this sme. As its subscription figures are quite satisfactory. Pls. suggest. Thanx
3. Small Investor |   Link |Sep 27, 2021 10:28:59 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
LM Bakwas h
first look its avoid to both DLIL & DSS
3.1. Spock 🖖 |   Link |Sep 27, 2021 4:58:23 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
LM came with three IPOs, 2 of same promoters, avoid all three.
2. ipomafia |   Link |Sep 27, 2021 7:39:57 AM
Phone no. Same
Two company one landlines no same 😂
1. MintIndian |   Link |Sep 26, 2021 4:41:55 PM
''Nor is there anyone who loves pain itself because it is pain.''
Translated from Latin.
Written all over their site.
To many SME IPOs for Dilip sir to review.
1.3. TSG |   Link |Sep 26, 2021 11:17:29 PM
@mintindian nice catch seems 1+1 offer For LM and promoters
1.4. Scrip |   Link |Sep 26, 2021 11:48:06 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@MintIndian
Not just address.
Promoters are also same.