Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Mar 31, 2016 - Tue, Apr 5, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 31, 2016
IPO Close
Tue, Apr 5, 2016
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹6.85 Cr
| IPO Date | 31 Mar to 5 Apr, 2016 |
| Listed on | Wed, Apr 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,40,000 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 80,000 shares Rikhav Securities Ltd. (agg. up to ₹0.0960 Cr) |
| Fresh Issue (Ex Market Maker) | 14,60,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 14,60,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 41,69,400 shares |
| Share Holding Post Issue | 57,09,400 shares |
| BSE Script Code | 539841 LANCER |
| ISIN | INE359U01010 |
Lancer Container Lines IPO comprises a total issue size of 15,40,000 shares. The net offer to the public is 14,60,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,30,000 (50.00%) allocated to NII 7,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,30,000 | 50.00% | 47.40% |
| Retail Shares Offered | 7,30,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.19% | |
| Total Shares Offered | 15,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| 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 | Procurement of new containers | 1.10 |
| 2 | Issue Expenses | 0.40 |
| 3 | General Corporate Purposes | 0.35 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.03 |
| 3 | Marketing and Other Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹12.60 |
| Low | ₹12.60 |
| High | ₹12.60 |
| Last Trade | ₹12.60 |
Lead Manager Reports
Lancer Container Lines IPO is a SME IPO of 15,40,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Mar 31, 2016, and closes on Tue, Apr 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 Thu, Mar 31, 2016 and closes on Tue, Apr 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 Wed, Apr 13, 2016.
