Fixed Price IPO | ₹12 Cr | Listed at BSE SME | Fri, Sep 29, 2017 - Thu, Oct 5, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2017
IPO Close
Thu, Oct 5, 2017
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹45.42 Cr
| IPO Date | 29 Sep to 5 Oct, 2017 |
| Listed on | Fri, Oct 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,54,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 48,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.6240 Cr) |
| Fresh Issue (Ex Market Maker) | 1,56,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 7,50,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 9,06,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 32,90,175 shares |
| Share Holding Post Issue | 34,94,175 shares |
| BSE Script Code | 540738 |
| ISIN | INE402Y01010 |
Shreeji Translogistics IPO comprises a total issue size of 9,54,000 shares. The net offer to the public is 9,06,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,53,000 (50.00%) allocated to NII 4,53,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,53,000 | 50.00% | 47.48% |
| Retail Shares Offered | 4,53,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.03% | |
| Total Shares Offered | 9,54,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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.
| 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 Working Capital Requirement | 1.96 |
| 2 | Expenditure for General Corporate Purposes | 0.52 |
The Shreeji Translogistics IPO is subscribed [.] times on October 5, 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 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.44 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.04 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹156.00 |
| Low | ₹131.00 |
| High | ₹156.00 |
| Last Trade | ₹132.00 |
Lead Manager Reports
Shreeji Translogistics IPO is a SME IPO of 9,54,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Sep 29, 2017, and closes on Thu, Oct 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 Fri, Sep 29, 2017 and closes on Thu, Oct 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 Fri, Oct 13, 2017.
