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Tiger Logistics IPO is a fixed price issue of ₹7.54 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹7.54 crore.
Tiger Logistics IPO bidding started from Aug 27, 2013 and ended on Aug 29, 2013. The shares got listed on BSE SME on Sep 12, 2013.
Tiger Logistics IPO price is ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Sarthi Capital Advisors Pvt.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 Choice Equity Broking Pvt.Ltd..
Refer to Tiger Logistics IPO RHP for detailed Information.
| IPO Date | August 27, 2013 to August 29, 2013 |
| Listing Date | September 12, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,42,000 shares (aggregating up to ₹7.54 Cr) |
| Reserved for Market Maker | 58,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.3828 Cr) |
| Net Offered to Public | 10,84,000 shares (aggregating up to ₹7.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,87,000 shares |
| Share Holding Post Issue | 42,27,000 shares |
Tiger Logistics IPO offers total 11,40,000 shares. Out of which 5,40,000 (47.37%) allocated to NII, 5,42,000 (47.54%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 58,000 (5.09%) |
| NII (HNI) Shares Offered | 5,40,000 (47.37%) |
| Retail Shares Offered | 5,42,000 (47.54%) |
| Total Shares Offered | 11,40,000 (100.00%) |
Tiger Logistics IPO opens on August 27, 2013, and closes on August 29, 2013.
| IPO Open Date | Tue, Aug 27, 2013 |
| IPO Close Date | Thu, Aug 29, 2013 |
| Tentative Listing Date | Thu, Sep 12, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 29, 2013 |
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 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, Tiger Logistics (India) Ltd is engaged in the field of third party logistics providing. It has registered office at New Delhi and offices at Mumbai, Pune, Mundra, Luthiana and Kolkatta. The company has multi-model transport as well as custom house agent licenses.
Tiger Logistics (India) Ltd work as International Freight Forwarders, Custom Clearance Agents, Transporters, Custom Consultants and Project Transportation Specialists. Company provides both inbound and outbound logistics solutions to various large corporates and multinational companies in India and abroad.
In March 2005 Tiger Logistics issued 10000 shares at a price of Rs. 190 per share. In March 2007 they issued bonus in the ratio of 34 shares for every 1 share held. In February 2008 it issued 2030000 shares at par to take the paid up capital at Rs. 3.08 crore.
The Company Tiger Logistics 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 | Working Capital Requirement | 6.40 |
| 2 | General Corporate Purpose | 0.62 |
| 3 | Issue Expenses | 0.50 |
[Dilip Davda] <p class="MsoNoSpacing" style="text-align: justify; margin: 0in 0in 0pt;"><strong style="mso-bidi-font-weight: normal;"><span style="text-decoration: underline;"><span style="font-family: 'Times New Roman','serif'; font-size: 10pt;">Avoid</span></span></strong></p> Read detail review...
| Listing Date | September 12, 2013 |
| BSE Script Code | 536264 |
| NSE Symbol | |
| ISIN | INE906O01011 |
| Final Issue Price | ₹66 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹69.20 |
| Low | ₹69.10 |
| High | ₹69.20 |
| Last Trade | ₹69.10 |
Tiger Logistics (India) Ltd.
804A-807 60 Skylark Building,
Nehru Place,
New Delhi - 110019, Delhi, India
New Delhi, New Delhi
Phone: 91-11-47351111
Email: ipo.tiger@tigerlogistics.in
Website: http://www.tigerlogistics.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tiger Logistics IPO is a SME IPO of 11,42,000 equity shares of the face value of ₹10 aggregating up to ₹7.54 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on August 27, 2013, and closes on August 29, 2013.
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 Tiger Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Tiger Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tiger Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tiger Logistics IPO opens on August 27, 2013 and closes on August 29, 2013.
Tiger Logistics IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Tiger Logistics 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 Tiger Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tiger Logistics IPO allotment status.
The Tiger Logistics IPO listing date is on Thursday, September 12, 2013.
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