Unlisted shares of Kaushalya Logistics Limited are currently trading Rs 60 higher in the grey market, which is an 80 per cent listing gain from the public issue
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Kaushalya Logistics IPO: The initial public offering of Kaushalya Logistics Limited, which is closing on Wednesday, January 3, has so far received an overwhelming response from investors. Till 11:57 am on the final day of bidding on Wednesday, the SME IPO received a whopping 194.88 times subscription, garnering bids for 64,36,64,000 shares as against 33,02,800 shares.
The Rs 36.6-crore IPO was opened for public subscription on December 29. The share allotment will be finalised on January 4, while its listing will take place on January 8.
Till 11:57 am on January 3, the category meant for non-institutional investors received 335.01 times subscription, while the quota for retail individual investors (RIIs) got subscribed 245.10 times. The QIB category received 12.57 times subscription.
Kaushalya Logistics IPO GMP Today
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According to market observers, unlisted shares of Kaushalya Logistics Limited are currently trading Rs 60 higher in the grey market as compared with its issue price. The Rs 60 grey market premium or GMP means the grey market is expecting an 80 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Kaushalya Logistics IPO Details
Kaushalya Logistics IPO price band is set at Rs 71 to Rs 75 per share. The minimum lot size for an application is 1,600 shares. The minimum amount of investment required by retail investors is Rs 1,20,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,40,000.
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Khandwala Securities Limited is the book running lead manager of the Kaushalya Logistics IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Kaushalya Logistics IPO is Nikunj Stock Brokers.
