Unlisted shares of Kaushalya Logistics Limited are currently trading Rs 45 higher in the grey market, a 60 per cent listing gain from the public issue
The share allotment of Kaushalya Logistics IPO, which was open for public subscription between December 29 and January 24, is going to be finalised in the late evening today, Thursday, January 4, 2024. Applicants will receive a bank debit message once the allotment is finalised. The listing will then take place on both NSE SME on Monday, January 8.
The Rs 36.6-crore SME IPO received 390.88 times subscription, garnering bids for 1,29,09,88,800 shares against 3,302,800 shares on offer.
The category meant for non-institutional investors received 847.88 times subscription, while the quota for retail individual investors (RIIs) got subscribed 375.44 times. The QIB category received 92.62 times subscription.
Read More: Apple, Amazon, Tesla: Why shares of these global giants are falling
Kaushalya Logistics IPO: How To Check Allotment Status
Once finalised, the IPO status can be checked by following these steps:
Step 1: Visit Skyline Financial Services Private’s portal
Step 2: Select company ‘Kaushalya Logistics Ltd’
Step 3: Enter your application number and hit ‘submit’
Your IPO allotment status will show.
Kaushalya Logistics IPO GMP Today
According to market observers, unlisted shares of Kaushalya Logistics Limited are currently trading Rs 45 higher in the grey market as compared with its issue price. The Rs 45 grey market premium or GMP means the grey market is expecting a 60 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.
Read More: Stock Market Updates: Sensex Rallies 350 pts, Nifty At 21,600; Torrent Power Rises 6%
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.
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.
