Destiny Logistics & Infra Ltd. has announced public offering of 2694000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share. The gross proceeds of the issue are expected to be Rs 538.80 lakhs.

The company's initial public offer (IPO) will open on 30 September 2021 and is expected to close on 05 October 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 2694000 Equity Shares of the Company at an price of Rs 20.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Destiny Logistics & Infra Ltd. anticipates using the proceeds of the issue for

A To meet the working capital requirements of the company

B To meet the Issue Expenses

C General Corporate Purposes.

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.