Kaushalya Logistics IPO allotment date is set for Thursday, January 4, and investors who participated in the issue can check the allotment status on the registrar’s portal, Skyline Financial Services Private Ltd.
The basis of allotment will reveal the number of shares allocated, and the refund process for unsuccessful applicants will commence on Friday, January 5. Shares allotted will be credited to demat accounts on the same day. The listing date for Kaushalya Logistics IPO is scheduled for Monday, January 8.
To check the Kaushalya IPO allotment status, investors can visit the registrar’s website using the link provided: https://www.skylinerta.com/ipo.php. They need to select Kaushalya IPO from the dropdown menu, choose one of the options (Application No, Demat Account, or PAN), and input the relevant details such as PAN number, application number, or beneficiary ID.
The IPO subscription status for Kaushalya Logistics indicates strong demand, reaching 390.88 times on day 4. Retail investors subscribed 375.44 times, non-institutional buyers 847.88 times, and qualified institutional buyers 92.62 times. The total bids received were 1,29,09,88,800 shares against the offer of 33,02,800 shares.
Regarding the Grey Market Premium (GMP), it is currently at +45, similar to the previous session. GMP reflects the premium at which Kaushalya Logistics shares are trading in the grey market. The IPO price is ₹75, and considering the upper end of the price band and the current GMP, the estimated listing price is ₹120, representing a 60% premium.
Analysts suggest a positive outlook for the IPO listing, given the upward trend in GMP over the last 12 sessions. The highest GMP recorded is ₹60, indicating strong investor interest and potential for a robust market debut. Grey market premium serves as an indicator of investors’ willingness to pay more than the issue price for the shares.
