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Tanla Solutions IPO is a book build issue .
Tanla Solutions IPO bidding started from Dec 11, 2006 and ended on Dec 14, 2006. The shares got listed on BSE, NSE on Jan 5, 2007.
Tanla Solutions IPO price band is set at ₹265.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,750 (25 shares). The lot size investment for sNII is 31 lots (775 shares), amounting to ₹2,05,375, and for bNII, it is 151 lots (3,775 shares), amounting to ₹10,00,375.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Tanla Solutions IPO RHP for detailed Information.
| IPO Date | December 11, 2006 to December 14, 2006 |
| Listing Date | January 5, 2007 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹230 to ₹265 per share |
| Issue Price Final | ₹265 per share |
| Lot Size | 25 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,41,15,000 shares |
| Share Holding Post Issue | 5,00,00,000 shares |
Tanla Solutions IPO opens on December 11, 2006, and closes on December 14, 2006.
| IPO Open Date | Mon, Dec 11, 2006 |
| IPO Close Date | Thu, Dec 14, 2006 |
| Tentative Listing Date | Fri, Jan 5, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 14, 2006 |
Investors can bid for a minimum of 25 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 | 25 | ₹6,625 |
| Retail (Max) | 30 | 750 | ₹1,98,750 |
| S-HNI (Min) | 31 | 775 | ₹2,05,375 |
| S-HNI (Max) | 150 | 3,750 | ₹9,93,750 |
| B-HNI (Min) | 151 | 3,775 | ₹10,00,375 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Tanla Solutions Limited (TSL) is India based telecom infrastructure solutions. TSL has its software development centre in Hyderabad, Andhra Pradesh, India, and a worldwide marketing office in the U.K.
Tanla is engaged in the business of making SMSC and VMS indigenously. TSL's SMSC has already been deployed with prestigious clients like Reliance Telecom, BPL, Airtel,Aircel and Hutch. While telecom infrastructure solutions remain the core activity of TSL, the Company has expanded its activity into a number of related areas including Telemetry, Telematics and Aggregator Services.
Product & Services:
1. Telecom Signaling Solutions:
SS-7 based products of which the flagship product is SMSC (SMS Centers). The Industry Products including Telemetry (existing) and Telematics.
2. Aggregator:
The Aggregator business of Tanla is operated under Mobizar, which is a wholly owned subsidiary of Tanla U.K. (a 100% subsidiary of TSL). It serves as an interface between value added service providers and content providers on the one side and wireless telecom operators on the other.
3. Offshore Development:
Offshore development of telecom projects and aggregator related application development.
| KPI | Values |
|---|---|
| RoNW | 69.51% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To set up domestic infrastructure facilities;
2. To expand facilities for product development and R&D;
3. To establish offshore marketing and sales facilities;
4. To acquire companies in similar line of activities;
5. To augment long term working capital resources of the Company.
| Listing Date | January 5, 2007 |
| BSE Script Code | 532790 |
| NSE Symbol | TANLA |
| ISIN | INE483C01032 |
| Final Issue Price | ₹265 per share |
Tanla Solutions Ltd.
Tanla Technology Centre,
Hitech City Road,
Madhapur
Hyderabad, Telangana, 500081
Phone: +91 40 40099999
Email: fpo@tanlasolutions.com
Website: http://www.tanlasolutions.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mailmanager@Karvy.com
Website: https://ipostatus.kfintech.com/
Tanla Solutions IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at ₹265 per share. The minimum order quantity is 25.
The IPO opens on December 11, 2006, and closes on December 14, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tanla Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Tanla Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tanla Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tanla Solutions IPO opens on December 11, 2006 and closes on December 14, 2006.
Tanla Solutions IPO lot size is 25, and the minimum amount required for application is ₹6,625.
You can apply in Tanla Solutions 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 Tanla Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tanla Solutions IPO allotment status.
The Tanla Solutions IPO listing date is on Friday, January 5, 2007.
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