March 13, 2018 - March 15, 2018

Tara Chand Logistic IPO Basis of Allotment

Tara Chand Logistic Solutions Limited

Corporate Identity Number: U63090CH2012PLC033556

Our Company was incorporated on February 10,2012 as 'Tara Chand Logistic Solutions Limited' vide Registration no.033556 (CIN: U63090CH2012PLC033556) under the provisions of the Companies Act ,1956 with the Registrar of Companies, Punjab and Chandigarh for the purpose of acquiring the proprietary business of M/s. Tara Chand & Sons, which was in existence since 1986. Our Company was granted the Certificate of Commencement of Business on February 23,2012. For details, please refer to the section titled 'History and Certain Corporate Matters' beginning on page 105 of the Prospectus.

Registered Office: 342 Industrial Area, Phase I, Chandigarh -160002, India | Tel: +91-172-2650380
Corporate Office: Site 6, Sector 10E, Kharahar - Taloja Link Road, Roadpali, Kalamboli, Navi Mumbai-410218 | Tel: +91 - 8655082111 / 8655081222
E-mail: info@tarachandindia.in | Website: www.tarachandindia.in |
Contact Person: Madhuri Ganesh Batwal, Company Secretary & Compliance Officer | Email: cs@tarachandindia.in

PROMOTERS OF OUR COMPANY: MR. VINAY KUMAR AND MR. AJAY KUMAR

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 37,20,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITYSHARES') OF TARA CHAND LOGISTIC SOLUTIONS LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 55.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 45.00 PER EQUITY SHARE) AGGREGATING TO RS 2046.00 LAKHS. THE ISSUE COMPRISES OF 1,92,000 EQUITY SHARES OF FACE VALUE RS 10 EACH FOR CASH AT A PRICE OF RS 55.00 PER EQUITY SHARE, AGGREGATING TO RS 105.60 LAKHS WHICH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKERS RERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 35,28,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 55.00 PER EQUITY SHARE, AGGREGATING TO RS 1940.40 LAKH IS HEREIN AFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.26% AND 25.86% RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBIICDR REGULATIONS'), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
THE ISSUE PRICE OF RS 55.00 IS 5.5 TIMES OF THE FACE VALUE.

ISSUE OPENED ON TUESDAY, MARCH 13, 2018 AND CLOSED ON THURSDAY, MARCH 15, 2018
PROPOSED LISTING: MARCH 23, 2018*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE EMERGE'). Our Company has received an in-principle approval letter dated February 21, 2018 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about March 23,2018.*
'Subject to receipt of listing and trading approvals from the NSE.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The issue has received 2569 applications for 9290000 Equity Shares resulting in 2.50 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows:
Detail of the Applications Received (Before Technical & Multiple Rejection):

Category	Number Of Applications	%	Number Of Equity Shares	%	Subscription (Times)
Market Maker	1	0.04	192000	2.07	1.00
Retail Individual Investors	2479	96.50	4958000	53.37	2.81
Other than Retail Individual Investors	89	3.46	4140000	44.56	2.35
TOTAL	2569	100	9290000	100.00	2.50

The details of applications rejected by the Registrar on technical grounds and Multiple Rejection (including difference in quantity) are detailed below:

Category	No. of Applications	No. of Equity Shares
Market Makers	-	-
Retail Individual Investors	72	144000
Other than Retail Individual Investors	6	368000
TOTAL	78	512000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares Applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	192000	192000	100	1.00
TOTAL	1	100	192000	192000	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After rounding off)	No. of Valid Shares Applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	2407	96.67	1764000	1980000	4814000	56.07	2.43
Other than Retail Individual Investors	83	3.33	1764000	1548000	3772000	43.93	2.44
TOTAL	2490	100.00	3528000	3528000	8586000	100.00	2.43

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on March 20,2018.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 55 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 192000 Equity shares.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% of Total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicant (after rounding off)	Total No. of Shares allocated/ allotted	No. of Shares Surplus/ Deficit
192000	1	100	192000	100	192000	192000	192000	1	1	1	192000	0
TOTAL	1	100	192000	100	192000					1	192000	0

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 55 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 2.44 times i.e. for 4814000 Equity Shares. Total number of shares allotted in this category is 1980000 Equity Shares to 990 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to Total	Total No.of Equity Shares applied in this Category	% of Total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicant (after rounding off)	Total No. of Shares allocated/ allotted	No. of Shares Surplus/ Deficit
2000	2407	100	4814000	100	1980000	822.60	2000	37	90	990	1980000	0
TOTAL	2407	100	4814000	100	1980000					990	1980000	0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 55 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 2.43 times i.e. for 3772000 Equity Shares. Total number of shares allotted in this category is 1548000 Equity Shares to 81 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% of Total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicant (after rounding off)	Total No. of Shares allocated/ allotted	No. of Shares Surplus/ Deficit
4000	13	15.66	52,000	1.38	21340	1641.54	2000	11	13	11	22000	-660
6000	22	26.51	132000	3.50	54172	2462.36	2000	1	1	22	44000	10172
6000							2000	5	22		10000	-10000
8000	9	10.84	72000	1.91	29548	3283.11	2000	1	1	9	18000	11548
8000							2000	2	3		12000	-12000
10000	7	8.43	70000	1.86	28727	4103.86	4000	1	1	7	28000	727
12000	1	1.20	12000	0.32	4925	4925.00	4000	1	1	1	4000	925
14000	3	3.61	42000	1.11	17236	5745.33	6000	1	1	3	18000	-764
16000	3	3.61	48000	1.27	19699	6566.33	6000	1	1	3	18000	1699
16000							2000	1	3		2000	-2000
20000	6	7.23	120000	3.18	49247	8207.83	8000	1	1	6	48000	1247
20000							2000	1	6		2000	-2000
24000	2	2.41	48000	1.27	19699	9849.50	10000	1	1	2	20000	-301
28000	1	1.20	28000	0.74	11491	11491.00	12000	1	1	1	12000	-509
30000	4	4.82	120000	3.18	49247	12311.75	12000	1	1	4	48000	1247
30000							2000	1	4		2000	-2000
38000	1	1.20	38000	1.01	15595	15595.00	16000	1	1	1	16000	-405
40000	1	1.20	40000	1.06	16416	16416.00	16000	1	1	1	16000	416
60000	1	1.20	60000	1.59	24624	24624.00	24000	1	1	1	24000	624
64000	1	1.20	64000	1.70	26265	26265.00	26000	1	1	1	26000	265
100000	1	1.20	100000	2.65	41039	41039.00	40000	1	1	1	40000	1039
136000	1	1.20	136000	3.61	55813	55813.00	56000	1	1	1	56000	-187
144000	1	1.20	144000	3.82	59097	59097.00	58000	1	1	1	58000	1097
172000	1	1.20	172000	4.56	70587	70587.00	70000	1	1	1	70000	587
182000	1	1.20	182000	4.83	74691	74691.00	74000	1	1	1	74000	691
272000	1	1.20	272000	7.21	111627	111627.00	112000	1	1	1	112000	-373
910000	2	2.41	1820000	48.25	746914	373457.00	374000	1	1	2	748000	-1086
GRAND TOTAL	83	100	3772000	100	1547999	939799	944000			81	1548000	0

The Board of Directors of the Company at its meeting held on March 21,2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on March 20, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and / or notices will be forwarded to the address of the Applicants as registered with the depositories on or before March 21,2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been issued on March 21,2018. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 01,2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Sharex Dynamic (India) Private Limited at www.sharexindia.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First / Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

SHAREX DYNAMIC (INDIA)PRIVATE LIMITED
Unit no.-1, Luthra Industrial Premises, Safed Pool, Andheri Kurfa Road, Andheri (East), Mumbai- 400 072, India.
Tel: +91-22-2851 5606/44 | Fax: +91-22-2851-2885
E-mail: sharexindia@vsnl.com | Investor Grievance Email: tclsl.ipo@sharexindia.in
Website: www.sharexindia.com | Contact Person: K.C. Ajitkumar | SEBI Registration No.: INR000002102
Registrar & Share Transfer Agent to the Company - Sharex Dynamic (India) Private Limited

Place: Chandigarh Date: March 21,2018	For Tara Chand Logistic Solutions Ltd On behalf of the Board of Directors Sd/- Mr. Vinay Kumar Managing Director DIN :-00151567

Tara Chand Logistic IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Tara Chand Logistic IPO .

The Tara Chand Logistic IPO basis of allotment (published above) tells you how shares are allocated to you in Tara Chand Logistic IPO and category wise demand of IPO share.

Visit the Tara Chand Logistic IPO allotment status page to check the number of shares allocated to your application.

In Tara Chand Logistic IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Tara Chand Logistic IPO basis of allotment document to know how the shares are allocated in Tara Chand Logistic IPO.

Tara Chand Logistic IPO Basis of Allotment

Tara Chand Logistic IPO Basis of Allotment FAQs

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