Destiny Logistics IPO description – The company is in the business of Logistics involving land-based transportation through third-party service provider. Presently its services are mainly in the domestic market, more specifically in the state of West Bengal. It procures third party fleets both contractually and in the spot market. It offers customers, transport management services and arrange for third party operators to handle freight related services.
The company provides a range of services like packaging, loading, transportation, unloading and unpacking of items to facilitate its customers with end-to-end solutions. This asset light business model allows for scalability of services as well as flexibility to develop and offer customized logistic solutions across diverse sectors. The company also has a fleet of around 10 vehicles which are in the name of the promoter and
same is also used for delivery purposes. Destiny Logistics has also diversified into infrastructure development activity as a new addition in its line of business activity.
Promoters of Destiny Logistics – Mr Jugal Kishore Bhagat and Mrs Rekha Bhagat
Destiny Logistics IPO details
| Subscription Dates | 30 September – 5 October 2021 |
| Price Band | INR20 per share |
| Fresh issue | 2,694,000 shares (INR5.39 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,694,000 shares (INR5.39 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Destiny Logistics Financial Performance (in INR lakhs)
| Â | FY2019 | FY2020 | FY2021 |
| Revenue | 673.0 | 675.0 | 1,005.8 |
| Expenses | 656.4 | 657.9 | 949.9 |
| Net income | 4.8 | 5.1 | 30.3 |
More about Destiny Logistics Public Offer
Destiny Logistics IPO RHP
Destiny Logistics DRHP
Destiny Logistics IPO Allotment Status
Registrar of Destiny Logistics Offer
Cameo Corporate Services Limited
Subramanian Building,
1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
Destiny Logistics Contact Details
Destiny Logistics & Infra Limited
375, Dakshindari Road, Kolkata – 700 048, West Bengal
Phone:Â +91 033-40087463
Email:Â [email protected]
Website:Â www.destinyinfra.in
Valuation of Destiny Logistics (as of FY2021)
Earnings Per Share (EPS): INR6.06
Price/Earnings (PE ratio): 33.0
Return on Net Worth (RONW): 30.25%
Net Asset Value (NAV): INR2.00 per share
Destiny Logistics IPO GMP Daily Trend
| Date | Destiny Logistics IPO GMP | Kostak | Subject to Sauda |
Destiny Logistics IPO Subscription Details (no. of times)
| Category | Non-retail | Retail | Total |
| Shares Offered | 1,416,000 | 1,278,000 | 2,694,000 |
| Day 1 | 2.00 | 0.24 | 1.12 |
| Day 2 | 2.06 | 2.50 | 2.16 |
| Day 3 | 2.06 | 4.51 | 3.29 |
| Day 4 | 1.92 | 7.43 | 4.54 |
Destiny Logistics Offer Allotment Status
Destiny Logistics IPO allotment is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.Â
Listing Performance of Destiny Logistics & Infra
IPO Opening Date: 30 September 2021
IPO Closing Date: 5 October 2021
Finalisation of Basis of Allotment: 8 October 2021
Initiation of refunds: 11 October 2021
Transfer of shares to demat accounts: 12 October 2021
Listing Date: 13 October 2021
Opening Price on NSE: INR20.7 per share (up 3.5% from IPO price)
Closing Price on NSE: INR19.7 per share (down 1.5% from IPO price)
Destiny Logistics IPO FAQs
What are investors portions in Destiny Logistics IPO?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Destiny Logistics Public Offer?
The best way to apply in Destiny Logistics IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Destiny Logistics Offer Size?
Destiny Logistics offer size is INR5.39 crores.
What is Destiny Logistics IPO Price Band?
Destiny Logistics IPO Price is INR20 per share.
What is the lot size of Destiny Logistics IPO?
Destiny Logistics IPO lot size and the minimum order is 6,000 shares.
