Kaushalya Logistics IPO allotment to be finalised today. Check status, GMP, listing date and other details
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
The allotment status can also be checked by visiting the official website of the registrar to the issue which is Skyline Financial Services in this case.
Step 1: Visit the IPO Allotment Status page on Skyline Financial Services website
Step 2: Select IPO from the dropdown
Step 3: Put the application number and enter captcha and 'Submit'.
Also Read: 5 expected IPOs in January that will spark primary market momentum in 2024
Kaushalya Logistics IPO Subscription
The SME IPO of Kaushalya Logistics was subscribed 390 times at close. The strong response was led by NII investors, whose category was subscribed the most at 400 times, followed by NIIs at 297 times and QIBs at 33 times.
Kaushalya Logistics IPO GMP
The company's shares are trading with a premium of Rs 55 in the unlisted market, according to analysts. The company's shares will likely get listed on January 8.
The company offered its shares at Rs 71-75 apiece.
Kaushalya Logistics IPO issue size
The IPO was a fresh equity issue of up to 38.8 lakh equity shares and an offer for sale (OFS) of 15 lakh shares. Through the issue, the company plans to raise Rs 36.6 crore
The net proceeds from the public offer will be used for repayment of unsecured loans, working capital and other general corporate purposes.
About Kaushalya Logistics
Kaushalya Logistics is in the business of providing clearing and forwarding services to one of the leading cement companies in India and is also engaged in the selling of electronic
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