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Destiny Logistics & Infra IPO is a Fixed Price IPO listing on NSE EMERGE exchange. The company is based in Kolkata and caters to Logistics sector. Finshore Management Services is the merchant banker of Destiny Logistics & Infra IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th September 2021.
Destiny Logistics & Infra IPO open date is 30th September 2021 and close date is 5th October 2021. IPO Allotment Date is 8th October 2021 and Listing date is 13th October 2021.
IPO
Size:
₹ 5.39 Cr.
Avg IPO Size (Sector Based)
: ₹
25.01 cr.
Sector: Logistics
SME
IPO so far:
48
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Kolkata
SME
IPO so far:
69
Revenue (annualised):
₹
10.06
cr. 
PE
Ratio:
51.28x
Average Sector PE Ratio: 15.95x
Destiny Logistics & Infra IPO size is ₹ 5.39 Cr. with IPO price of ₹ 20.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Destiny Logistics & Infra IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for Destiny Logistics & Infra IPO.
Destiny Logistics & Infra IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Destiny Logistics & Infra IPO, based in Kolkata, operates in the Logistics sector with a focus on Infrastructure development activity. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. Destiny Logistics & Infra IPO size is ₹ 5.39 Cr. with fresh issue size of ₹ 5.39 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Destiny Logistics & Infra IPO is expected to be 8th October 2021, after the finalization of basis of allotment. Investors can check Destiny Logistics & Infra IPO allotment status on the registrars website, Cameo Corporate Services Limited. Destiny Logistics & Infra IPO refund dates are 11th October 2021.
Destiny Logistics & Infra IPO is expected to be listed on 13th October 2021.
The upper price band for the Destiny Logistics & Infra IPO is set at ₹ 20.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Destiny Logistics & Infra IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Destiny Logistics & Infra IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 5th October 2021. After submission, funds are blocked until the basis of allotment of Destiny Logistics & Infra IPO is finalised.
The merchant banker for Destiny Logistics & Infra IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Destiny Logistics & Infra IPO RHP for further details.
The registrar for Destiny Logistics & Infra IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Destiny Logistics & Infra IPO through their official website or helpline.
Destiny Logistics & Infra IPO was subscribed 4.78 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 5.39 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.01 Cr.
Sector: Logistics
SME
IPO so far:
48
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Kolkata
SME
IPO so far:
69
Revenue (annualised):
₹ 10.06 cr.
PE
Ratio:
51.28x
Average Sector PE Ratio: 15.95x
Destiny Logistics & Infra IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Destiny Logistics & Infra Financial Review Page
Merchant Banker(s) of Destiny Logistics & Infra IPO: Finshore Management Services Limited
Destiny Logistics & Infra IPO subscription was 4.78 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Destiny Logistics & Infra IPO listed at a listing price of 19.70 against the offer price of 20.00.
The current market price of Destiny Logistics & Infra is 90.25.
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