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Jalan Transolutions IPO is a fixed price issue of ₹17.71 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹17.71 crore.
Jalan Transolutions IPO bidding started from May 18, 2017 and ended on May 23, 2017. The shares got listed on NSE SME on May 31, 2017.
Jalan Transolutions IPO price is ₹46.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,76,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Jalan Transolutions IPO RHP for detailed Information.
| IPO Date | May 18, 2017 to May 23, 2017 |
| Listing Date | May 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,49,000 shares (aggregating up to ₹17.71 Cr) |
| Reserved for Market Maker | 1,95,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.8970 Cr) |
| Net Offered to Public | 36,54,000 shares (aggregating up to ₹16.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,06,88,220 shares |
| Share Holding Post Issue | 1,45,37,220 shares |
Jalan Transolutions IPO offers total 38,49,000 shares. Out of which 18,27,000 (47.47%) allocated to NII, 18,27,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,95,000 (5.07%) |
| NII (HNI) Shares Offered | 18,27,000 (47.47%) |
| Retail Shares Offered | 18,27,000 (47.47%) |
| Total Shares Offered | 38,49,000 (100.00%) |
Jalan Transolutions IPO opens on May 18, 2017, and closes on May 23, 2017.
| IPO Open Date | Thu, May 18, 2017 |
| IPO Close Date | Tue, May 23, 2017 |
| Tentative Listing Date | Wed, May 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 23, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,38,000 |
| Retail (Max) | 1 | 3,000 | ₹1,38,000 |
| HNI (Min) | 2 | 6,000 | ₹2,76,000 |
Incorporated in 2003, Jalan Transolutions (India) Limited is engaged in the business of automobile transportation. They provides transportation logistics services in the B2B domain across India in all major sectors of the industry especially for 2 wheelers transportation.
Jalan Transolutions offers services for carry goods from manufacturers to dealers or wholesalers and from wholesalers to retails mainly in automobiles industry (in two
wheelers segment). They own about 400 fleet of trucks with GPS equipped and they also hire third party transportation service for carrying out their logistics operations.
In 2015 in association with "Ashok Leyland Ltd" & "JK Tyres Ltd", they have set up a fully equipped, 29,365 sq. ft. buildup area) workshop known as "Jalan Business Center". This is a Truck Service Station for trucks repair, maintenance and breakdown solutions having latest machines, updated techniques, and team of experts at Dharuhera, Haryana.
The Company Jalan Transolutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Payment for Purchase of goods transportation vehicles | 5.98 |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | 6.80 |
| 3 | General corporate purposes | 4.20 |
[Dilip Davda] Investors may consider investment from short to long term in this reasonably priced issue of Jalan Transolutions NSE SME IPO. Read detail review...
| Listing Date | May 31, 2017 |
| BSE Script Code | |
| NSE Symbol | JALAN |
| ISIN | INE349X01015 |
| Final Issue Price | ₹46 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹42.25 |
| Low | ₹40.55 |
| High | ₹43.00 |
| Last Trade | ₹41.95 |
Jalan Transolutions (India) Ltd.
206 Ajnara Bhawan,
D-Block Market,
Vivek Vihar,
Delhi, New Delhi, 110095
Phone: +91 11 47675707
Email: info@jalantransolutions.com
Website: http://www.jalantransolutions.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jtl.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Jalan Transolutions IPO is a SME IPO of 38,49,000 equity shares of the face value of ₹10 aggregating up to ₹17.71 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000.
The IPO opens on May 18, 2017, and closes on May 23, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Jalan Transolutions IPO using UPI as a payment gateway. Zerodha customers can apply in Jalan Transolutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jalan Transolutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jalan Transolutions IPO opens on May 18, 2017 and closes on May 23, 2017.
Jalan Transolutions IPO lot size is 3000, and the minimum amount required for application is ₹1,38,000.
You can apply in Jalan Transolutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jalan Transolutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jalan Transolutions IPO allotment status.
The Jalan Transolutions IPO listing date is on Wednesday, May 31, 2017.
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