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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
The net proceeds from the IPO will be utilized towards the following purposes;
| IPO Date | Sep 30, 2021 to Oct 5, 2021 |
| Listing Date | Oct 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,694,000 shares (aggregating up to ₹5.39 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 1278000 |
| Retail Shares Offered | 1278000 |
| Market Maker portion | 138,000 shares |
| Total Shares Offered | 2,556,000 |
Destiny Logistics & Infra IPO opens on Sep 30, 2021, and closes on Oct 5, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 30, 2021 |
| 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 |
| Listing Date | Oct 13, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Destiny Logistics & Infra IPO lot size is 6000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat are the company promoters.
| Pre Issue Share Holding | 99.72% |
| Post Issue Share Holding | 64.79% |
| 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 | ||
[Dilip Davda] 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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.13 |
| Retail | 7.43 |
| Total | 4.78 |
| Listing Date | Oct 13, 2021 |
| BSE Script Code | |
| NSE Symbol | DESTINY |
| ISIN | INE0IGO01011 |
| IPO Price | ₹20 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹20.00 |
| ₹20.70 |
| ₹19.70 |
| ₹20.70 |
| ₹19.70 |
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://ipo.cameoindia.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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, Nuvama, 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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