Kaushalya Logistics Limited provides clearing and forwarding services to a leading cement company in India. The company also distributes electronics and home appliances through an online e-commerce platform. In FY 2022-23, the company entered into the commercial real estate leasing business. The company offers the following services:
- Logistics & Transportation
- Land transportation
- Warehousing and distribution
IPO Review
| Parameters | Score (0-5) | Comments |
|---|---|---|
| Promotors/Sr. Management & Work Ethics | 3 | Well experienced promotors. A few open tax proceedings and open criminal cases, as per the RHP. |
| Company Financials | 4 | Good growth is seen in the company’s top-line and bottom-line performance. |
| Segment Growth Opportunity | 4 | Cement, Infra and Consumption sectors will see a good growth in coming years, which will result into good business opportunity for this sector. |
| Asking Valuation (compared with Peers) | 4 | Asking PE is ~16x, peers in the range of 19-27x. |
| Lead Manager’s past performance | 3 | Had just one prior listing, which was at the premium of 12%. |
| Consolidated Score | 3.7 |
Disclaimer – This is not an investment advice. Nobody has paid us to write this review. This analysis is for education purposes only.
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