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Tara Chand Logistic Solutions Ltd IPO 

Add to Calendar 2018-03-13 12:00 AM 2018-03-15 12:00 AM Asia/Kolkata Tara Chand Logistic Solutions Ltd IPO  Tara Chand Logistic Solutions Ltd India

Tarachand Logistic Solutions (TLS) formerly known as Tara Chand & Sons, serves the infrastructural needs of India and provides comprehensive solutions to many large organizations Company serves a broad range of industries, including steel, urban and rural infrastructure, oil and gas, renewable energy etc. Company’s transportation fleet included 42 owned trailers and their equipment rental fleet included 292 owned cranes

Date of establishment:  Tara Chand Logistic Limited was incorporated in 2012

Product & Service Offering: Company provides reliable and affordable logistic and supply chain services including Transportation and Warehousing, Equipment Rental and Steel Processing and Distribution.

 

Promoters of Tara Chand Logistic Ltd : The Promoters of the Company are:

1. Vinay Kumar and
2. Ajay Kumar

Customer segment: 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.

 

Objects of the Issue: The objects of the Offer is to:-
-     Repayment of Certain Secured Borrowings
-     Purchase of Capital Equipment
-     To meet working capital requirement
-     To Finance General corporate expense
-     Issue Expenses

Company Financials:

 

Tarachand Logistic Solutions' financial performance (in INR crore)
 

FY2013

FY2014

FY2015

FY2016

FY2017

9M FY2018

Total Assets

20.58

44.50

47.83

46.13

66.26

91.99

Total revenue

22.59

23.98

39.25

46.22

52.65

54.18

Total expenses

21.78

23.00

38.25

44.44

48.63

49.21

Profit after tax

0.56

0.66

0.69

1.19

2.63

3.66

Issue Detail

  • Issue Open: Mar 13, 2018
  • Issue Close: Mar 15, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 55 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 20.46 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 1,764,000 1,764,000 - 192,000 3,720,000
Shares Offered / Reserved 18,000 4,660,000 5,074,000 9,752,000
Day 2 - Mar 13, 2018IST 0 446,000 430,000 - - 876,000
Day 3 - Mar 14, 2018IST 0 618,000 1,542,000 - - 2,160,000

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 55.00
Open - Rs 49.00
Low - Rs 47.70
High - Rs 56.05
Last Trade - Rs 49.05
Volume - 1,004,000

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