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Lancer Container Lines IPO is a fixed price issue of ₹1.85 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹1.85 crore.
Lancer Container Lines IPO bidding started from Mar 31, 2016 and ended on Apr 5, 2016. The shares got listed on BSE SME on Apr 13, 2016.
Lancer Container Lines IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Lancer Container Lines IPO RHP for detailed Information.
| IPO Date | March 31, 2016 to April 5, 2016 |
| Listing Date | April 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,40,000 shares (aggregating up to ₹1.85 Cr) |
| Reserved for Market Maker | 80,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.0960 Cr) |
| Net Offered to Public | 14,60,000 shares (aggregating up to ₹1.75 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,69,400 shares |
| Share Holding Post Issue | 57,09,400 shares |
Lancer Container IPO offers total 15,40,000 shares. Out of which 7,30,000 (47.40%) allocated to NII, 7,30,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.19%) |
| NII (HNI) Shares Offered | 7,30,000 (47.40%) |
| Retail Shares Offered | 7,30,000 (47.40%) |
| Total Shares Offered | 15,40,000 (100.00%) |
Lancer Container Lines IPO opens on March 31, 2016, and closes on April 5, 2016.
| IPO Open Date | Thu, Mar 31, 2016 |
| IPO Close Date | Tue, Apr 5, 2016 |
| Tentative Listing Date | Wed, Apr 13, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 5, 2016 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,20,000 |
| Retail (Max) | 1 | 10,000 | ₹1,20,000 |
| HNI (Min) | 2 | 20,000 | ₹2,40,000 |
Incorporated in 2011, Lancer Container Lines Ltd (LCLL) is engaged in providing various logistics services such as NVOCC, Shipping and freight forwarding, provision of yards for storage of empty containers, inland transport service etc.
They are also engaged in trading and leasing of containers. LCLL provides all these services worldwide. Currently it has more than 3000 containers which are available for NVOCC operations. It has partnered with CARU Containers, an international market leader in this field, to enhance its global reach.
The Company Lancer Container Lines 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 | Procurement of new containers | 1.10 |
| 2 | Issue Expenses | 0.40 |
| 3 | General Corporate Purposes | 0.35 |
[Dilip Davda] <p>Issue is priced justifiably and the sector is heading for bright prospects ahead. Long term investors may consider parking their funds in this IPO.</p> Read detail review...
| Listing Date | April 13, 2016 |
| BSE Script Code | 539841 |
| NSE Symbol | LANCER |
| ISIN | INE359U01010 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹12.60 |
| Low | ₹12.60 |
| High | ₹12.60 |
| Last Trade | ₹12.60 |
Lancer Container Lines Ltd.
26/27,
Arenja Tower CHS Ltd,
Plot No. 49/50/51 CBD Belapur,
Navi Mumbai, Maharashtra, 400614
Phone: +91-22-27566940/41/42
Email: secretarial@lancermarine.in
Website: http://www.lancermarine.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lancer Container Lines IPO is a SME IPO of 15,40,000 equity shares of the face value of ₹10 aggregating up to ₹1.85 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on March 31, 2016, and closes on April 5, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Lancer Container Lines IPO using UPI as a payment gateway. Zerodha customers can apply in Lancer Container Lines IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lancer Container Lines IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lancer Container Lines IPO opens on March 31, 2016 and closes on April 5, 2016.
Lancer Container Lines IPO lot size is 10000, and the minimum amount required for application is ₹1,20,000.
You can apply in Lancer Container Lines 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 Lancer Container Lines IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lancer Container Lines IPO allotment status.
The Lancer Container Lines IPO listing date is on Wednesday, April 13, 2016.
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