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Tara Chand Logistic IPO is a fixed price issue of ₹20.46 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹20.46 crore.
Tara Chand Logistic IPO bidding started from Mar 13, 2018 and ended on Mar 15, 2018. The shares got listed on NSE SME on Mar 23, 2018.
Tara Chand Logistic IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Tara Chand Logistic IPO RHP for detailed Information.
| IPO Date | March 13, 2018 to March 15, 2018 |
| Listing Date | March 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,20,000 shares (aggregating up to ₹20.46 Cr) |
| Reserved for Market Maker | 1,92,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.06 Cr) |
| Net Offered to Public | 35,28,000 shares (aggregating up to ₹19.40 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 99,24,980 shares |
| Share Holding Post Issue | 1,36,44,980 shares |
Tara Chand Logistic IPO offers total 37,20,000 shares. Out of which 17,64,000 (47.42%) allocated to NII, 17,64,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.16%) |
| NII (HNI) Shares Offered | 17,64,000 (47.42%) |
| Retail Shares Offered | 17,64,000 (47.42%) |
| Total Shares Offered | 37,20,000 (100.00%) |
Tara Chand Logistic IPO opens on March 13, 2018, and closes on March 15, 2018.
| IPO Open Date | Tue, Mar 13, 2018 |
| IPO Close Date | Thu, Mar 15, 2018 |
| Tentative Listing Date | Fri, Mar 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 15, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Incorporated in 2012, Tara Chand Logistic Solutions Ltd is engaged in providing logistic and supply chain services including transportation and warehousing, equipment rental and steel processing and distribution in India.
They offers their services to a broad range of industries which includes steel, urban and rural infrastructure, oil and gas, renewable energy etc.
Company's major clientele includes Reliance industries ltd, Larsen & Toubro ltd (seven Independent Companies), Steel Authority of India ltd, Rashtriya Ispat Nigam ltd, Oil and
Natural Gas Corporation ltd, Tata Projects ltd, Hindustan Construction Company ltd, Vedanta ltd, J Kumar Infraprojects ltd, NCC ltd, Welspun Corp, ITD Cementation India ltd, Bharat Heavy Electricals ltd, Gayatri Projects Ltd, Megha Engineering & Infrastructures ltd.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6,626.79 | 4,613.09 | 4,783.08 | 4,450.85 | 2,058.04 | |
| Total Revenue | 5265.07 | 4621.68 | 3925.04 | 2397.71 | 2258.67 | |
| Profit After Tax | 262.97 | 118.74 | 69.16 | 65.54 | 55.96 | |
The Company Tara Chand Logistic 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 | Repayment of Certain Secured Borrowings availed by the Company | 5.10 |
| 2 | Purchase of Capital Equipment | 2.00 |
| 3 | To meet working capital requirement | 8.06 |
| 4 | General Corporate purposes | 4.10 |
[Dilip Davda] <p>Considering mega spending on infra projects by the government, this company is poised for bright prospects going forward. It has good client base and order book position. Investors may consider investment for short to long term.</p> Read detail review...
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | TARACHAND |
| ISIN | INE555Z01012 |
| Final Issue Price | ₹55 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹49.00 |
| Low | ₹47.70 |
| High | ₹56.05 |
| Last Trade | ₹49.05 |
Tara Chand Logistic Solutions Ltd.
342,
Industrial Area,
Phase I,
Chima, Chandigarh, 160002
Phone: +91-172-2650380
Email: info@tarachandindia.in
Website: http://www.tarachandindia.in
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: tclsl.ipo@sharexindia.in
Website:
Tara Chand Logistic IPO is a SME IPO of 37,20,000 equity shares of the face value of ₹10 aggregating up to ₹20.46 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on March 13, 2018, and closes on March 15, 2018.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tara Chand Logistic IPO using UPI as a payment gateway. Zerodha customers can apply in Tara Chand Logistic IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tara Chand Logistic IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tara Chand Logistic IPO opens on March 13, 2018 and closes on March 15, 2018.
Tara Chand Logistic IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Tara Chand Logistic 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 Tara Chand Logistic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tara Chand Logistic IPO allotment status.
The Tara Chand Logistic IPO listing date is on Friday, March 23, 2018.
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