Tara Chand Logistic Solutions Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

13 Mar 2018

Close Date

15 Mar 2018

Allotment

21 Mar 2018

Listing Date

23 Mar 2018

Exchange

NSE SME

Price Band

₹55

Listing Price

See chart

Allotment Status

Check registrar

Price Band

₹55

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

37,20,000 shares (aggregating up to ₹20.46 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹110,000

1 lot

Pre-IPO Holding

99,24,980 shares

Promoters

Post-IPO Holding

1,36,44,980 shares

Promoters

UPI Deadline

2018-03-15

Mandate

Anchor AllotmentMon, 12 Mar 2018

Basis of AllotmentWed, 21 Mar 2018

Refund InitiationThu, 22 Mar 2018

Demat CreditThu, 22 Mar 2018

Listing DayFri, 23 Mar 2018

UPI Mandate Deadline2018-03-15

Sale TypeFresh Capital

Net Offer to Public35,28,000 shares (aggregating up to ₹19.40 Cr)

Market Maker Quota1,92,000 shares (aggregating up to ₹1.06 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Subscription Rate Final

Tara Chand Logistic Solutions Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 15 Mar 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	192,000	—	₹1.06
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,720,000	100%	₹20.46

IPO Shares Offered

Tara Chand Logistic Solutions Ltd. IPO total issue size: ₹20.46 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	192,000	₹1.06	5.16%
Total	3,720,000	₹20.46	100.00%

* Based on upper price band ₹55 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹55.00

Upper Band

Min Investment

₹110,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹220,000
Retail (Max — 13 Lots)	13	26,000	₹1,430,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,540,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,480,000

* Issue Price ₹55 × Lot Size 2,000 shares

IPO Schedule

Anchor

12 Mar 2018

✓ Done

IPO Open

13 Mar 2018

✓ Done

IPO Close

15 Mar 2018

✓ Done

Allotment

21 Mar 2018

✓ Done

Refunds

22 Mar 2018

✓ Done

Demat Credit

22 Mar 2018

✓ Done

Listing Day

23 Mar 2018

✓ Done

₹55.00

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Issue ₹55.00 Live Price

About Tara Chand Logistic Solutions Ltd.

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 andNatural 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.

Objects of the Issue

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

Tara Chand Logistic Solutions Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹3,925.0

31-Mar-15

₹4,621.7

31-Mar-16

₹5,265.1

31-Mar-17

Profit After Tax (PAT)

₹69.2

31-Mar-15

₹118.7

31-Mar-16

₹263.0

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	5265.07	4621.68	3925.04
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	262.97	118.74	69.16
Net Worth	N/A	N/A	N/A
Total Assets	6626.79	4613.09	4783.08
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered37,20,000 (100.00%)

Net Offer to Public35,28,000 shares (aggregating up to ₹19.40 Cr)

Reserved for Market Maker1,92,000 shares (aggregating up to ₹1.06 Cr)

Pre-Issue Promoter Holding99,24,980 shares

Post-Issue Promoter Holding1,36,44,980 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Sharex Dynamic (India) Pvt.Ltd.

+91- 22 - 2851 5606

tclsl.ipo@sharexindia.in

Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Tara Chand Logistic Solutions Ltd. IPO subscribed? ▲

Tara Chand Logistic Solutions Ltd. IPO is subscribed 1.00 times by Mar 15, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Tara Chand Logistic Solutions Ltd. IPO retail subscription status? ▼

The Tara Chand Logistic Solutions Ltd. IPO retail category is subscribed 1.00 times as of 15 Mar 2018. The retail portion is oversubscribed.

How to subscribe Tara Chand Logistic Solutions Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 13 Mar 2018 and closes 15 Mar 2018. Min investment: ₹110,000 (1 lot = 2,000 shares). UPI mandate: 2018-03-15.

How many times Tara Chand Logistic Solutions Ltd. IPO subscribed? ▼

The Tara Chand Logistic Solutions Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Tara Chand Logistic Solutions Ltd. IPO allotment? ▼

Check allotment on the registrar website (Sharex Dynamic (India) Pvt.Ltd.). Enter your PAN, application number or DP/Client ID. Allotment date: 21 Mar 2018. Refunds: on 22 Mar 2018.

When Tara Chand Logistic Solutions Ltd. IPO will be listed? ▼

The Tara Chand Logistic Solutions Ltd. IPO listing date is 23 Mar 2018, Friday. Listed on: NSE SME. Issue price: ₹55. Estimated listing: ₹55. GMP: NIL.

When Tara Chand Logistic Solutions Ltd. IPO close? ▼

The Tara Chand Logistic Solutions Ltd. IPO closes on 15 Mar 2018, Thursday. UPI mandate: 2018-03-15. Allotment: 21 Mar 2018. Listing: 23 Mar 2018.

Quick Actions

Live Price LIVE

Last Price₹55.00

Change—

Issue Price₹55.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹55

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹110,000

GMPNIL

Est. Listing₹55

Subscribed1.00x

Open Date13 Mar 2018

Close Date15 Mar 2018

Allotment21 Mar 2018

Listing Date23 Mar 2018

ExchangeNSE SME

UPI Deadline2018-03-15