Compiled in 2011, Destiny Logistics and Infra Limited offer asset management services which means the world-class transport services by third-party service providers. It offers a variety of services, namely installation, uploading, shipping, downloading, and unlocking items to provide end-to-end solutions. The company’s operations are focused on domestic markets, particularly in the West Bengal province.
The business has once again merged with infrastructure development projects and launched the “Storm Water Supply Scheme” Project in West Bengal. Total contract amount awarded Rs. 58.27 characters.
Competitive Strengths
- A comprehensive range of transportation services and diversification in infrastructure development.
- Well-defined organizational structure.
- Managerial expertise and smooth operational flow.
Company Promoters
Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Lakhs) | ||
|---|---|---|---|
| 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 |
Objects Of The Issue:
The net proceeds from the IPO will be utilized towards the following purposes;
- Meet working capital requirements.
- To meet issue expenditures.
- Meet general corporate purposes.
Destiny Logistics & Infra IPO Details
| IPO Opening Date | Sep 30, 2021 |
| IPO Closing Date | Oct 05, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹20 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,694,000 Eq Shares of ₹10 (aggregating up to ₹5.39 Cr) |
Destiny Logistics & Infra IPO Tentative Timetable
| IPO Open Date | Sep 30, 2021 |
| IPO Close Date | Oct 05, 2021 |
| Basis of Allotment Date | Oct 08, 2021 |
| Initiation of Refunds | Oct 11, 2021 |
| Credit of Shares to Demat Account | Oct 12, 2021 |
| IPO Listing Date | Oct 13, 2021 |
Destiny Logistics & Infra IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120,000 |
| Maximum | 1 | 6000 | ₹120,000 |
Destiny Logistics & Infra IPO Promoter Holding
| Pre Issue Share Holding | 99.72% |
| Post Issue Share Holding | 64.79% |
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/ |
Destiny Logistics & Infra IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://online.cameoindia.com/ |
Destiny Logistics & Infra IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Destiny Logistics & Infra IPO FAQs
| When Destiny Logistics & Infra IPO will open? The Destiny Logistics & Infra IPO dates are 30 Sep 2021 To 05 Oct 2021. |
| What is the lot size of Destiny Logistics & Infra IPO? Destiny Logistics & Infra IPO lot size and the minimum order quantity is 6000 Shares. |
| How to apply for Destiny Logistics & Infra IPO? You can apply in Destiny Logistics & Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Destiny Logistics & Infra IPO listing date? The Destiny Logistics & Infra IPO listing date is announced. The date of Destiny Logistics & Infra IPO listing is [13 Oct 2021]. |
