Fixed Price IPO | ₹18 Cr | Listed at NSE SME | Thu, May 18, 2017 - Tue, May 23, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 18, 2017
IPO Close
Tue, May 23, 2017
Issue Price
₹46 per share
Market Cap (Pre-IPO)
₹66.87 Cr
| IPO Date | 18 to 23 May, 2017 |
| Listed on | Wed, May 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹46 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,49,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,95,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.8970 Cr) |
| Fresh Issue (Ex Market Maker) | 36,54,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 36,54,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 1,06,88,220 shares |
| Share Holding Post Issue | 1,45,37,220 shares |
| NSE Symbol | JALAN |
| ISIN | INE349X01015 |
Jalan Transolutions IPO comprises a total issue size of 38,49,000 shares. The net offer to the public is 36,54,000 shares, after excluding 1,95,000 shares allotted on a firm basis. Of the Net offer 18,27,000 (50.00%) allocated to NII 18,27,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,27,000 | 50.00% | 47.47% |
| Retail Shares Offered | 18,27,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,95,000 | 5.07% | |
| Total Shares Offered | 38,49,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Jalan Transolutions IPO is subscribed [.] times on May 23, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Bankers including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.46 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.04 |
| 4 | Underwriting Fees | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹46.00 |
| Open | ₹42.25 |
| Low | ₹40.55 |
| High | ₹43.00 |
| Last Trade | ₹41.95 |
Lead Manager Reports
Jalan Transolutions IPO is a SME IPO of 38,49,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹46 per share. The minimum order quantity is 3000.
The IPO opens on Thu, May 18, 2017, and closes on Tue, 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 Thu, May 18, 2017 and closes on Tue, 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 Wed, May 31, 2017.
