About the Company:
Destiny Logistics and Infra Ltd is engaged in the business of Logistics involving land-based transportation through third-party service provider.
Presently company’s services are mainly in the domestic market, more specifically in the state of West Bengal. Company procure third party fleets both contractually and in the spot market.
Company offers customers, transport management services and arrange for third party operator to handle freight related services. Company provides complete range of services like packaging, loading, transportation, unloading and unpacking of items to facilitate customers with end-to-end solutions.
Company has also diversified into infrastructure development activity as a new addition in our line of business activity.
Company’s diversification into infrastructure development.
Company has also diversified into infrastructure development activity and to start with we received a letter of Allocation from National Projects Construction Corporation Limited (NPCC Ltd.) vide their letter dated July 19, 2021 for execution of the work – “Construction of Storm Water Drainage Scheme for Municipal Town of Tarakeswar, Hooghly, West Bengal under Tarakeswar Development Authority, West Bengal”.
Management Team:
- Mrs. Rekha Bhagat (Designation: Managing Director)
- Mr. Mithilesh Kumar Jha (Designation: Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.5.38 cr)
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purposes.
Peer Group Comparison:
We believe that none of the listed companies in India offer products or services across the various business segments in which Destiny Logistics & Infra ltd operates. Hence a strict comparison is not possible.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 |
|---|---|---|---|
| Revenue | 6.72 | 6.74 | 10.05 |
| Net Profit | 0.04 | 0.05 | 0.30 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th September 2021 |
| Issue Closes on:. | 5th October 2021 |
| Issue Price | Rs.20 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 Shares |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 35.01% |
| Issue Size | Rs.5.38 cr |
| Market Cap | Rs.15.38 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 26,94,000 |
| Equity Shares Prior to the Issue | 50,00,000 |
| Equity Shares after the Issue | 76,94,000 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 8th October 2021 |
| Initiation of Refunds | on or Before 11th October 2021 |
| Credit of Equity Shares: | on or Before 12th October 2021 |
| Listing Date: | on or Before 13th October 2021 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.06 | 3.30 | 30.25% | 20.03 |
| Company Contact Info: |
|---|
| Destiny Logistics & Infra Limited 375, Dakshindari Road, Kolkata – 700048 Contact No: 033-40087463 Tel No: 033-40087463 Email ID: cs@destinyinfra.in Website: www.destinyinfra.in |
| IPO Registrar Info: |
|---|
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Website: www.cameoindia.com |
| Lead Manager to the Issue: |
|---|
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com Website: www.finshoregroup.com |
