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Tara Chand Logistic IPO is a fixed price issue of Rs 20.46 crores.
Tara Chand Logistic IPO bidding started from March 13, 2018 and ended on March 15, 2018. The shares got listed on NSE SME on March 23, 2018.
Tara Chand Logistic IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000.
Hem Securities Limited is the book running lead manager of the Tara Chand Logistic IPO, while Sharex Dynamic (India) Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,720,000 shares (aggregating up to ₹20.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,924,980 |
| Share holding post issue | 13,644,980 |
| Market Maker portion | 192,000 shares |
Tara Chand Logistic IPO offers 3,912,000 shares. 1,764,000 (45.09%) to NII, 1,764,000 (45.09%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (4.91%) |
| Other Shares Offered | 1,764,000 (45.09%) |
| Retail Shares Offered | 1,764,000 (45.09%) | Other Shares Offered | 192,000 (4.91%) |
| Total Shares Offered | 3,912,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| Lot Size Calculator | |||
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 object of the issue are to:
1. Repayment of Certain Secured Borrowings availed by the Company;
2. Purchase of Capital Equipment;
3. To meet working capital requirement;
4. General Corporate purposes;
5. Issue Expenses.
[Dilip Davda]
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.
Read detail review...The Tara Chand Logistic IPO is subscribed 2.76 times on March 15, 2018 5:00:00 PM. 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) |
|---|---|
| Other | 2.64 |
| Retail | 2.88 |
| Total | 2.76 |
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | TARACHAND |
| ISIN | INE555Z01012 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹55.00 |
| ₹49.00 |
| ₹47.70 |
| ₹56.05 |
| ₹49.05 |
Tara Chand Logistic Solutions Ltd
342 Industrial Area,
Phase I,
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:
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Check our SME IPO Guide 
Tara Chand Logistic IPO is a SME IPO of 3,720,000 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 Shares.
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.
The Tara Chand Logistic IPO opens on March 13, 2018 and closes on March 15, 2018.
Tara Chand Logistic IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
You can apply in Tara Chand Logistic 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 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.
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