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Destiny Logistics & Infra IPO

SME IPO Status: Closed [30th Sep 2021 to 5th Oct 2021]

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Destiny Logistics & Infra SME IPO Review

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Destiny Logistics & Infra IPO of Rs. 5.39 Cr comprising a fresh issue of Rs. 26,94,000 shares to hit the market soon to list on the NSE Emerge (NSE SME) platform. The IPO opens for subscription from 30 September to 5 October 2021. The price is fixed at Rs. 20, 2 times of Rs. 10 face value. Bids can be applied for 6000 shares and multiple. Stay updated with us to know more about the issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Destiny Logistics & Infra SME IPO Details

SME IPO Issue Opening Date: 30th Sep 2021
SME IPO Issue Closing Date: 5th Oct 2021
SME IPO Issue Price: ₹20
IPO Listing At: NSE SME
IPO Category: SME
SME IPO Issue Type: Fixed price IPO
SME IPO Issue Size: ₹5.39 Cr
Fresh Issue: 26,94,000 shares at ₹20 per share [Aggregating to ₹5.39 Cr]
Face Value: ₹10 Per Equity Share
SME IPO Discount: NA
Market Lot: 6000 Shares
Min Retail Qty: 6000 shares (1 lot)
Max Retail Qty: 6000 shares (1 lot)
Promoter Holding Pre IPO: 99.72%
Promoter Holding Post IPO: 64.79%
NSE Code: DESTINY
IPO Live GMP IPO Live GMP

Destiny Logistics & Infra SME IPO Important Dates

In this section we have covered all important dates related to Destiny Logistics & Infra SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Destiny Logistics & Infra SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open 30th Sep 2021
SME IPO Issue Close 5th Oct 2021
Basis of Allotment Finalisation Date* 8th Oct 2021
Refunds Initiation* 11th Oct 2021
Credit of Shares to Demat Account* 12th Oct 2021
SME IPO Listing Date* 13th Oct 2021

* - Tentative Dates

About Company - Destiny Logistics & Infra

Destiny Logistics & Infra Limited offers third-party logistic services to customers in the domestic market, especially in the state of West Bengal. The firm offers a complete range of comprehensive transport management services (i.e. packaging, loading, transporting, unloading, and unpacking) and arrange 3rd-party operator for freight related services.

Later, the business has forayed into the infrastructure development activities and was awarded "Storm Water Drainage Scheme" project of Rs. 58.27 Cr in West Bengal.

Incorporation Sector IPO Issue Size Website
2011 Logistics ₹5.39 Cr http://www.destinyinfra.in/

Destiny Logistics & Infra SME IPO Objective

  • Working capital requirements.
  • Meet issue expenses.
  • General corporate purposes.

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Destiny Logistics & Infra SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,278,000 Shares
  • Retail Individual Investor: 1,278,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,278,000 (50%)1,278,000 (50%)2,556,000
130th Sep 2021 17:022.00x0.24x1.12x
21st Oct 2021 19:022.06x2.50x2.28x
34th Oct 2021 17:022.06x4.51x3.29x
45th Oct 2021 17:022.13x7.43x4.78x

Destiny Logistics & Infra Financials for past 3 Years

Past performance and financial results of Destiny Logistics & Infra.

Destiny Logistics & Infra financial
Destiny Logistics & Infra Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹6,60,77,112 ₹1,80,10,711 ₹1,79,82,956
Total Income ₹10,05,78,758 ₹6,74,96,520 ₹6,72,96,520
Net Profit/Loss ₹30,30,013 ₹5,11,430 ₹4,77,562

Destiny Logistics & Infra SME IPO Strengths

  • A comprehensive range of transport management services from loading to loading, transport, unloading, and unpackaging of items.
  • Well-defined organizational structure and experienced managerial team.
  • Stable organisational environment and smooth operational procedure.

Destiny Logistics & Infra SME IPO Threats/Weaknesses

  • Negative cash flow in the past few fiscal years and its sustainability will adversely affect the business's financial condition.
  • Excessive revenue concentration on the top few customers, hence, loss of any client will significantly affect revenues.
  • Tough level of competition from the domestic as well as international 3rd-party logistic companies.
  • Dependency on 3rd-party service providers for logistic services may adversely affect business financial performance.

Destiny Logistics & Infra SME IPO Recommendations

Destiny Logistics & Infra SME IPO DRHP >>Document

Destiny Logistics & Infra SME IPO RHP >>Document

Destiny Logistics & Infra SME IPO Allotment Status >>Link

Company Address

Destiny Logistics & Infra Limited
375, Dakshindari Road
Kolkata,West Bengal- 700 048
India
Website: http://www.destinyinfra.in/
Phone: 033-40087463
Email: [email protected]

Destiny Logistics & Infra SME IPO Registrar

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Website: https://online.cameoindia.com/
Phone: +91-44-28460390
Email: [email protected]

Destiny Logistics & Infra SME IPO Lead Manager

  1. Finshore Management Services Limited
Destiny Logistics & Infra SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Destiny Logistics & Infra? Should I apply in Destiny Logistics & Infra SME IPO?

Last Updated on 2021-10-18T09:55:29+00:00


User Reviews

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5. Nanda 9/25/2021 10:45:29 AM Reply
Destiny Logistics & Infra SME IPO expected listing gain.
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4. Swapnil 9/25/2021 10:45:29 AM Reply
Please confirm Destiny Logistics & Infra SME IPO GMP (grey market premium) and kostak.
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3. Harish Patel 9/25/2021 10:45:29 AM Reply
Destiny Logistics & Infra SME IPO good or bad.
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2. Vasantha  9/25/2021 10:45:29 AM Reply
Destiny Logistics & Infra SME IPO whether to invest or not.
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1. Dilip Kumar wadhwani 9/25/2021 10:45:29 AM Reply
Destiny Logistics & Infra SME IPO - CRISIL Rating, Apply or not?.