How To Check Kaushalya Logistics IPO Allotment Status

The Kaushalya Logistics IPO witnessed an extraordinary subscription of 364.18 times on January 3, the final day of bidding. Investors applied for 129.12 crore equity shares against the offer size of 35.45 lakh equity shares. The IPO allotment is expected to be finalized on January 4, 2024.

If you are one of those who applied for the SME IPO, here is how you can check your Kaushalya Logistics IPO allotment status

Checking Allotment Status on Registrar's Website:

Here is a step-by-step guide to checking Kaushalya Logistics IPO allotment status

  1. Visit the registrar's website.
  2. You will be prompted to ‘Select Company', from the dropdown menu choose ‘Kaushalya Logistics'.
  3. On the next page, input your PAN, application number, or DP/Client ID.
  4. Click on search.

If all the details are correct and the allotment has been finalised you will see your Kaushalya Logistics IPO allotment status.

See Also: Most Anticipated IPOs Of 2024 In India: A Guide To Next Year’s Public Market Debuts

Kaushalya Logistics IPO Overview: In terms of investor categories, high net-worth individuals (HNIs) led the bidding, subscribing 849.1 times the portion allocated to them. Retail investors displayed strong interest as well, subscribing 375.9 times the reserved portion. Qualified Institutional Buyers (QIBs) also showed substantial participation, subscribing 92.5 times the allotted quota.

Kaushalya Logistics, a New Delhi-based logistics, clearing, and forwarding services provider, aims to raise ₹36.60 crore through its maiden public issue at the upper price band. The IPO comprises a fresh issuance of equity shares worth ₹25.35 crore and an offer-for-sale of ₹11.25 crore worth of shares by promoters Uddhav Poddar and Bhumika Realty.

Prior to the IPO, the company secured ₹10 crore through anchor investors, with the participation of five investors, including Neomile Growth Fund Series, Saint Capital Fund, and LC Radiance Fund VCC. The overwhelming response from investors highlights the strong demand for Kaushalya Logistics’ IPO, reflecting confidence in the company’s business and growth prospects.

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Posted In: NewsIPOsKaushalya Logistics