Kaushalya Logistics IPO Makes A Blockbuster Debut. Should You Invest After Stellar Listing?

Kaushalya Logistics lists at 33% Premium. Avinnash Gorakshakar, Head Research of Profitmart Securities believes that "In long term prospects are good Investors having a 2 year time frame can hold on": It made a stellar debut on the NSE SME, with its share price opening at ₹100 per share, a remarkable 33.33% higher than the IPO issue price of ₹75. The company, positioned as an integrated logistics and clearing and forwarding (C&F) services provider, garnered significant attention during its IPO. The Grey Market Premium (GMP) ahead of listing was Rs 38. The IPO, which had a price band of ₹71 to ₹75 per share, saw overwhelming demand, with a subscription status of 390.88 times on day 4. Notably, retail investors and non-institutional buyers showed immense interest, subscribing 375.44 times and 847.88 times, respectively. The IPO comprised a fresh issue of shares worth ₹25.35 crore and an offer for sale (OFS) of shares totaling ₹11.25 crore by promoters. The company aims to utilize the net proceeds for general corporate purposes, working capital needs, and loan repayment. Overall, Kaushalya Logistics IPO had an issue size of ₹36.60 crore.