Destiny Logistics & Infra IPO is all set to make its debut on 30th sept 21 with 24.13 Cr in the field of Mechanized cleaning, catering, housekeeping, security, logistics, contractual services.
Destiny Logistics & Infra IPO – overview
| IPO Dates | 30 sept – 5 Oct 2021 |
| IPO Price | INR 20 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,694,000 shares (INR 5.39 crore) |
| Minimum bid (lot size) | 6000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Destiny logistics & infra IPO – Tentative Dates
| IPO Offer Opening Date | 30 Sept 2021 |
| IPO Closing Date | 05 Oct 2021 |
| Finalization of Basis of Allotment | 08 Oct 2021 |
| Initiation of refunds | 11 Oct 2021 |
| Transfer of shares to demat accounts | 12 Oct 2021 |
| IPO Listing Date | 13 Oct 2021 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Incorporated in 2011, Destiny Logistics and Infra Limited provide logistics services i.e. land-based transportation via 3rd party service providers. It offers a wide range of services i.e. packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company’s operations are concentrated in the domestic market, more particularly, in the state of West Bengal.
The business has further diversified into infrastructure development activity and started the “Construction of Storm Water Drainage Scheme Project” in West Bengal. The total contract value awarded is Rs. 58.27 crores.
Industry Overview
The e-commerce industry is expected to clock an estimated 10-15% CAGR between fiscals 2021 and 2023 to ~Rs 4.8 trillion. Growth is expected to be driven by segments such as the online marketplace, where players will continue to offer huge discounts, deals, and innovations to attract customers. Further, rising penetration of the internet, increasing use of smart phones (with mobile apps), and increasing consumer awareness should support the growth story.
As the industry grows, players are looking to develop local ecosystems to serve demand across India. As these local ecosystems evolve, lead distances will reduce, and freight traffic could gradually shift from air freight to roads. Indian Logistics Industry the Logistics Sector was granted Infrastructure status in the 14th Institutional Mechanism (IM) Meeting held on 10th November 2017 to meet the need for integrated Logistics sector development because the logistics cost in India is very high compared to developed countries.
The Indian logistic sector is primarily categorized into four segments comprising Transportation (rail, road, air, waterways), warehousing (Container freight stations and Inland Container Depots), freight forwarding and value-added logistics. Transportation contributes maximum (60%) to the whole pie of logistic sector which comprises of various means such as road, rail, air and water.
Competitive Strengths:
- A comprehensive range of transportation services and diversification in infrastructure development.
- Well-defined organizational structure.
- Managerial expertise and smooth operational flow.
Objectives of the issue
- Meet working capital requirements.
- Meet issue expenditures.
- General corporate purposes.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 660.77 | 180.11 | 179.83 |
| Total Revenue | 1005.79 | 674.97 | 672.97 |
| Profit After Tax | 30.30 | 5.11 | 4.78 |
Company Contact Information
Destiny Logistics & Infra Limited
375, Dakshindari Road,
Kolkata – 700 048
Phone: 033-40087463
Email: cs@destinyinfra.in
Website: http://www.destinyinfra.in/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
