Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Tue, Mar 13, 2018 - Thu, Mar 15, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 13, 2018
IPO Close
Thu, Mar 15, 2018
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹75.05 Cr
| IPO Date | 13 to 15 Mar, 2018 |
| Listed on | Fri, Mar 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,20,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,92,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,28,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 35,28,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 99,24,980 shares |
| Share Holding Post Issue | 1,36,44,980 shares |
| NSE Symbol | TARACHAND |
| ISIN | INE555Z01012 |
Tara Chand Logistic IPO comprises a total issue size of 37,20,000 shares. The net offer to the public is 35,28,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,64,000 (50.00%) allocated to NII 17,64,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,64,000 | 50.00% | 47.42% |
| Retail Shares Offered | 17,64,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.16% | |
| Total Shares Offered | 37,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Tara Chand Logistic IPO is subscribed 2.76 times on March 15, 2018 5:00:00 PM (Day 3). The public issue subscribed 2.88 times in the retail category, [.] times in the QIB category, and 2.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.64 | 17,64,000 | 46,60,000 |
| Retail | 2.88 | 17,64,000 | 50,74,000 |
| Total | 2.76 | 35,28,000 | 97,52,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc. | 1.11 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹49.00 |
| Low | ₹47.70 |
| High | ₹56.05 |
| Last Trade | ₹49.05 |
Sharex Dynamic (India) Pvt.Ltd.
Lead Manager Reports
Tara Chand Logistic IPO is a SME IPO of 37,20,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 13, 2018, and closes on Thu, Mar 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 Tue, Mar 13, 2018 and closes on Thu, Mar 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 Fri, Mar 23, 2018.
