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Tanla IPO is a book built issue of Rs 378.86 crores.
Tanla IPO bidding started from December 11, 2006 and ended on December 14, 2006. The shares got listed on BSE, NSE on January 5, 2007.
Tanla IPO price band is set at ₹230 to ₹265 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,625.
SBI Capital Markets Limited is the book running lead manager of the Tanla IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Tanla IPO RHP for detailed information.
| IPO Date | December 11, 2006 to December 14, 2006 |
| Listing Date | January 5, 2007 |
| Face Value | ₹2 per share |
| Price Band | ₹230 to ₹265 per share |
| Lot Size | 25 Shares |
| Total Issue Size | 14,296,500 shares (aggregating up to ₹378.86 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 34,115,000 |
| Share holding post issue | 50,000,000 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,625 |
| Retail (Max) | 30 | 750 | ₹198,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 46.43% |
| 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.
The Tanla IPO is subscribed 38.65 times on December 14, 2006 5:00:00 PM. The public issue subscribed 11.09 times in the retail category, 57.06 times in the QIB category, and 41.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | January 5, 2007 |
| BSE Script Code | 532790 |
| NSE Symbol | TANLA |
| ISIN | INE483C01032 |
| Final Issue Price | ₹265 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹265.00 |
| ₹379.80 |
| ₹365.00 |
| ₹379.80 |
| ₹379.80 |
| NSE |
|---|
| ₹265.00 |
| ₹377.40 |
| ₹364.95 |
| ₹379.85 |
| ₹379.85 |
Tanla Solutions Ltd
Tanla Technology Centre,
Hitech City Road,
Madhapur, Hyderabad - 500 081, AP, India.
Phone: +91 40 40099999
Email: fpo@tanlasolutions.com
Website: http://www.tanlasolutions.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mailmanager@Karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Tanla IPO is a main-board IPO of 14,296,500 equity shares of the face value of ₹2 aggregating up to ₹378.86 Crores. The issue is priced at ₹230 to ₹265 per share. The minimum order quantity is 25 Shares.
The IPO opens on December 11, 2006, and closes on December 14, 2006.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Tanla IPO opens on December 11, 2006 and closes on December 14, 2006.
Tanla IPO lot size is 25 Shares, and the minimum amount required is ₹6,625.
You can apply in Tanla IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tanla IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tanla IPO allotment status.
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