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Shreeji Translogistics IPO is a fixed price issue of ₹12.40 crores. The issue is a combination of fresh issue of 0.02 crore shares aggregating to ₹2.65 crores and offer for sale of 0.08 crore shares aggregating to ₹9.75 crores.
Shreeji Translogistics IPO bidding started from Sep 29, 2017 and ended on Oct 5, 2017. The shares got listed on BSE SME on Oct 13, 2017.
Shreeji Translogistics IPO price is ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
Aryaman Financial Services 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 Aryaman Capital Markets Ltd..
Refer to Shreeji Translogistics IPO RHP for detailed Information.
| IPO Date | September 29, 2017 to October 5, 2017 |
| Listing Date | October 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,54,000 shares (aggregating up to ₹12.40 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.6240 Cr) |
| Fresh Issue (Ex Market Maker) | 1,56,000 shares (aggregating up to ₹2.03 Cr) |
| Offer for Sale | 7,50,000 shares of ₹10 (aggregating up to ₹9.75 Cr) |
| Net Offered to Public | 9,06,000 shares (aggregating up to ₹11.78 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 32,90,175 shares |
| Share Holding Post Issue | 34,94,175 shares |
Shreeji Translogistics IPO offers total 9,54,000 shares. Out of which 4,53,000 (47.48%) allocated to NII, 4,53,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.03%) |
| NII (HNI) Shares Offered | 4,53,000 (47.48%) |
| Retail Shares Offered | 4,53,000 (47.48%) |
| Total Shares Offered | 9,54,000 (100.00%) |
Shreeji Translogistics IPO opens on September 29, 2017, and closes on October 5, 2017.
| IPO Open Date | Fri, Sep 29, 2017 |
| IPO Close Date | Thu, Oct 5, 2017 |
| Tentative Listing Date | Fri, Oct 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2017 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Incorporated in 1994, Shreeji Translogistics Limited is an ISO 9001:2015 certified company provides logistics and parcel delivery services in India. They offer various types of services which includes Full Truck Load Transport Services, Parcel and Part Truck Load Services/ less than Truck Load (LTL), Import- Export Services and Bonded Trucking Services.
They own and operate a strong fleet of commercial vehicles consisting of 229 owned trucks and more than 500 outsourced trucks. They operate different types of trucks on the basis of design and size along with varying capacities. Their Container Trucks are used for transportation of parcels, while Platform Trucks are mainly used for import export containers, and also for transportation of heavy duty goods like automotive parts and machineries
They serve a broad range of industries, including the fast moving consumer goods (FMCG), white goods, food, textiles and apparel, furniture and fixture, pharmaceutical, plastics and metal. They have in-house preventive maintenance as well as annual maintenance contracts (AMC) with TATA Motors and Ashok Leyland for regular maintenance of the vehicles.
The Company Shreeji Translogistics 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 | Funding Working Capital Requirement | 1.96 |
| 2 | Expenditure for General Corporate Purposes | 0.52 |
[Dilip Davda] Since issue is fully priced, considering prospects of the logistics sector, investment for long term may be considered. Read detail review...
| Listing Date | October 13, 2017 |
| BSE Script Code | 540738 |
| NSE Symbol | |
| ISIN | INE402Y01010 |
| Final Issue Price | ₹130 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹156.00 |
| Low | ₹131.00 |
| High | ₹156.00 |
| Last Trade | ₹132.00 |
Shreeji Translogistics Ltd.
Shreeji Krupa,
Plot No. 107, Sector No. 19C,
Vashi, Navi Mumbai
Mumbai, Maharashtra, 400705
Phone: +91 – 22 – 4074 6666
Email: info@shreejitransport.com
Website: http://www.shreejitranslogistics.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shreeji Translogistics IPO is a SME IPO of 9,54,000 equity shares of the face value of ₹10 aggregating up to ₹12.40 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on September 29, 2017, and closes on October 5, 2017.
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 Shreeji Translogistics IPO using UPI as a payment gateway. Zerodha customers can apply in Shreeji Translogistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shreeji Translogistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shreeji Translogistics IPO opens on September 29, 2017 and closes on October 5, 2017.
Shreeji Translogistics IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Shreeji Translogistics 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 Shreeji Translogistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shreeji Translogistics IPO allotment status.
The Shreeji Translogistics IPO listing date is on Friday, October 13, 2017.
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