Fixed Price IPO | ₹17 Cr | Listed at BSE SME | Thu, Mar 22, 2018 - Mon, Mar 26, 2018
Orissa Bengal Carrier IPO is a fixed price issue of ₹16.69 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹16.69 crore.
Orissa Bengal Carrier IPO bidding started from Mar 22, 2018 and ended on Mar 26, 2018. The shares got listed on BSE SME on Apr 5, 2018.
Orissa Bengal Carrier IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Oneview Corporate 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 NNM Securities Pvt.Ltd..
Refer to Orissa Bengal Carrier IPO RHP for detailed Information.
IPO Open
Thu, Mar 22, 2018
IPO Close
Mon, Mar 26, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹63.25 Cr
| IPO Date | 22 to 26 Mar, 2018 |
| Listed on | Thu, Apr 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 55,64,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 2,84,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.8520 Cr) |
| Fresh Issue (Ex Market Maker) | 52,80,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 52,80,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,55,18,790 shares |
| Share Holding Post Issue | 2,10,82,790 shares |
| BSE Script Code | 541206 OBCL |
| ISIN | INE426Z01016 |
Orissa Bengal Carrier IPO comprises a total issue size of 55,64,000 shares. The net offer to the public is 52,80,000 shares, after excluding 2,84,000 shares allotted on a firm basis. Of the Net offer 26,40,000 (50.00%) allocated to NII 26,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 26,40,000 | 50.00% | 47.45% |
| Retail Shares Offered | 26,40,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,84,000 | 5.10% | |
| Total Shares Offered | 55,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 1994, Orissa Bengal Carrier Limited is a Raipur, Chhattisgarh based logistics company engaged in goods transportation business. The company is one of the IBA approved transporter having ISO 9001:2015 certification for provision of Quality Management System Service. It serves a broad range of industries, including the steel, coal, aluminum, cement, petrochemicals, paper, marble, tiles, infra, textile, FMCG. The various types of services provided by the company include: Full Truck Load Transport Services, Parcel and Part Truck Load Services/less than Truck Load (LTL).
The company has a network 45 branch offices spread across the various regions of the country, which serves as strategic hubs for its operations. It has a diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporate and other private players from steel, aluminum, cement, petrochemicals, power, chemicals, marble, tiles, infra, textile, FMCG to name a few.
Orissa Bengal is maintaining its own fleet of 93 owned vehicles. They also provide services by hired vehicles.
As of September 30, 2017 the company had 83 employees, including drivers, based at different locations across the country.
The Strengths of the company are-
• Experience: The company has got rich experience of 23 years and is an established name in the logistics industry
in the region.
• Distribution network: A branch network of 45 branches covering major geography of the country stretching from WB and Orissa in the east to Gujarat in the west, and Punjab in the north to Tamil Nadu in the south.
• Rich and diversified Customer base: A diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporates and other private players from steel, aluminum, cement, petrochemicals, power, chemicals industry to name a few.
• Quality certification – The Company has been accredited with “ISO 9001:2015” certification for Quality Services by LMS Certifications Private Limited providing logistics services & handling services all over India. Additionally, we are an Indian Bank Association (IBA) approved transporter.
• Vast of Area of Operation: We provide logistics services covering almost the entire nation.
• Strategic location: Since Chhattisgarh contributes approx. 30.00% to India’s steel/sponge iron production, 15.00% cement in India’s production, there is high demand from companies for transportation of goods.
| 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 | Funding of working capital requirements of the Company | 16.23 |
| 2 | Issue Expenses | 0.47 |
The Orissa Bengal Carrier IPO is subscribed 1.3 times on March 26, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.44 times in the retail category, [.] times in the QIB category, and 1.15 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.15 | 24,98,000 | 28,84,000 |
| Retail | 1.44 | 24,98,000 | 35,88,000 |
| Total | 1.3 | 49,96,000 | 64,72,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of Underwriting, commission, Brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrars etc. | 0.35 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Other Expenses (printing, stationery expenses, postage etc.) | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹31.90 |
| Low | ₹31.90 |
| High | ₹33.45 |
| Last Trade | ₹33.45 |
Lead Manager Reports
Orissa Bengal Carrier IPO is a SME IPO of 55,64,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Mar 22, 2018, and closes on Mon, Mar 26, 2018.
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 Orissa Bengal Carrier IPO using UPI as a payment gateway. Zerodha customers can apply in Orissa Bengal Carrier IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Orissa Bengal Carrier IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Orissa Bengal Carrier IPO opens on Thu, Mar 22, 2018 and closes on Mon, Mar 26, 2018.
Orissa Bengal Carrier IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Orissa Bengal Carrier 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 Orissa Bengal Carrier IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Orissa Bengal Carrier IPO allotment status.
The Orissa Bengal Carrier IPO listing date is on Thu, Apr 5, 2018.
