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Jalan Transolutions (India) Ltd IPO (Jalan Transolutions IPO) Detail

May 18, 2017 - May 23, 2017

Incorporated in 2003, Jalan Transolutions (India) Limited is engaged in the business of automobile transportation. They provides transportation logistics services in the B2B domain across India in all major sectors of the industry especially for 2 wheelers transportation.

Jalan Transolutions offers services for carry goods from manufacturers to dealers or wholesalers and from wholesalers to retails mainly in automobiles industry (in two
wheelers segment). They own about 400 fleet of trucks with GPS equipped and they also hire third party transportation service for carrying out their logistics operations.

In 2015 in association with "Ashok Leyland Ltd" & "JK Tyres Ltd", they have set up a fully equipped, 29,365 sq. ft. buildup area) workshop known as "Jalan Business Center". This is a Truck Service Station for trucks repair, maintenance and breakdown solutions having latest machines, updated techniques, and team of experts at Dharuhera, Haryana.

Company Promoters:

The promoters of the company are:

1. Mr. Manish Jalan and
2. Mr. Rajesh Jalan

Objects of the Issue:

The object of the issue are:

1. Purchase of goods transportation vehicles;
2. Repayment/ pre-payment in full or part of certain borrowings availed by the Company;
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: May 18, 2017 - May 23, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,849,000 Equity Shares of Rs 10 aggregating up to Rs 17.71 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 46 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: NSE SME

Jalan Transolutions IPO Reviews:

  1. Jalan Transolutions (India) Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - May 18, 2017 17:00 IST012210003360001557000
Day 2 - May 19, 2017 17:00 IST0207000011820003252000
Day 3 - May 22, 2017 17:00 IST0270300025530005256000

Jalan Transolutions IPO Prospectus

Jalan Transolutions IPO Rating

145
4.0
Rating:Rated 4.0 stars

Vote Here ...

Jalan Transolutions IPO News Alerts

  1. Tuesday, May 23, 2017 12:00:00 AM
    Jalan Transolutions (India) Ltd IPO - Close
  2. Thursday, May 18, 2017 12:00:00 AM
    Jalan Transolutions (India) Ltd IPO - Open

Company Contact Information

Jalan Transolutions (India) Ltd
206 Ajnara Bhawan,
D-Block Market,
Vivek Vihar, Delhi – 110095
Phone: +91 11 47675707
Fax: + 91-120-4597799
Email: info@jalantransolutions.com
Website: http://www.jalantransolutions.com

Jalan Transolutions IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: jtl.ipo@karvy.com
Website: http://karisma.karvy.com

Jalan Transolutions IPO Lead Manager(s)

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Jalan Transolutions IPO Review / Comments

avatar
25. gala  May 23, 2017 10:12:09 AM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Listing day flippers beware ! Market is moving into serious bad mood .....
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25.1. TOPS  May 23, 2017 1:57:01 PM IST I Like It. | Report Abuse
GALABHA

NII SUBSCRIPTION IS MORE THAN RII WHAT IS YOUR VIEW

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24. Nair  May 23, 2017 10:19:53 AM IST I Like It. | Report Abuse Reply
Dear Experts, kindly advise whether it is worth to apply for this IPO. Will get any return? Till 22nd, 2.64 times subscribed.... awaiting your valuable advise please.
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24.1. viki  May 23, 2017 12:51:49 PM IST I Like It. | Report Abuse
With GST in horizon and promoters having more than 12 years experience, it should give good return.
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23. Thiagarajan Ramasamy  May 23, 2017 11:22:31 AM IST I Like It. | Report Abuse Reply
SME issues are not for Retail Investors with limited means and wish to flip on the day of listing and come out with profit. This is not always possible. Big sharks and operators take advantage of panicky and anxious small investors and strip them of their shares at steep discount. once this is done they will jack up the price and make a killing. So even when the pricing is right SME IPOs are best suited for those with deep pockets and can afford to wait for quite some time to sell at reasonable price and make profit. Others just avoid.
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23.1. viki  May 23, 2017 12:50:41 PM IST I Like It. | Report Abuse
Agree fully. The investor who has a 1-2 year vision should invest in SME sector. Short term profit can come only rarely.
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22. TOPS  May 22, 2017 8:47:14 PM IST I Like It. | Report Abuse Reply
GALABHA

THANKS FOR YOUR VIEW

YES U R RIGHT THERE IS GOOD OPPORTUNITY IN SECONDARY MKT
avatar
21. gala  May 17, 2017 1:21:20 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Have got a secret word from one of the big market player that operators are not liking the retail participation in the issues ...... It is now highly advised to stay away from SME counter .... Nnly go fr strong issues and high NII subscription issues orelse jst avoid .... There is no point burning ur finger ....
Recently can see
Zota ( high Gmp ) but couldn''t sustain giving nnly 5 RS a share
Meera ( 12 tyms oversubscribed ) opens at issue price now below
Schand ( 100 gmp ) opens at only 30 RS up and goes below issue price now

Posting of mssg was jst fr innocent investors rest it''s on ur conviction and ur decision

Disclaimer - avoiding all 3 SME issues that will open
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21.14. gala  May 22, 2017 8:36:55 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Not applying .... Will be oversubscribed 3 to 4 tyms ..... I feel listing 5 % gain tat too nt sure maybe bit more or less .... Given great opportunities in secondary market tat too falling good stocks I prefer to go there ....
Disclaimer - not applying Jalan , vadivarhe yes , switchgears sideways maybe yes or no
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21.15. gala  May 22, 2017 8:38:24 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Vadivarhe also m going fr long and nt for listing gains
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20. dipandesai  May 22, 2017 6:33:29 PM IST I Like It. | Report Abuse Reply
GMP?
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19. TOPS  May 20, 2017 5:50:33 PM IST I Like It. | Report Abuse Reply
Mr prabhakaran

One more plus point is promoters are not diluting their stake showing confidence in future performance of the company


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19.1. viki  May 20, 2017 6:09:39 PM IST I Like It. | Report Abuse
With GST coming soon, the working of all logistic company will improve. Offer price at Rs. 46 is a steal. Assuming 2017-18 profit at Rs. 8 Cr. EPS would be around 5 and with a normal P/E of 20 for Logistic companies price of Rs. 100 in one year looks possible.
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18. Prabhakaran Kuppusamy  May 16, 2017 10:59:20 AM IST I Like It. 4 | Report Abuse Reply
Pros:
Based on earnings perspective, Jalan is attractive (PE of 16) and it''s ROE is 20% which is almost thrice the return from most FDs.
Cons:
Area of concern is its debt/equity ratio is 5.28 and it''s PB 3.6 is too much to digest.
In past 4 years, the company never tried to bring-down its DE and the cash flow also seems to be decreasing exponentially.
Because of dangerous book (value), I won''t be a buyer here.
Incase the issue is subscribed more than 12 times (with little participation from QIB), I will subscribe.
Otherwise it''s an AVOID for me.
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18.5. Nidhike  May 20, 2017 5:22:13 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
First time seen a company having negative cash in hand ....cash in hand -93 lacs .....Amazing!!!!!!
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18.6. Nidhike  May 20, 2017 5:25:31 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Again first time seen ....A qualified CA being CFO of this company is paid salary of 10000 pm ....yes yes u heard it right 1.2 Lacs p.a. is the salary of a qualified CA CFO
Bhai itme me to data operator bhi nai milta :)
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17. Prabhakaran Kuppusamy  May 16, 2017 10:51:41 AM IST I Like It. 3 | Report Abuse Reply
Key operating ratios :
Year end      Mar 16      Mar 15      Mar 14      Mar 13
EPS(Rs)      4.09      1.00      1.26      2.04
Book value(Rs)      18.92      15.01      14.94      13.69
CEPS(Rs)      14.66      13.45      18.49      12.03
NPM(%)      2.08      0.58      0.95      2.52
OPM(%)      17.06      17.33      21.57      23.28
ROCE(%)      16.09      11.24      11.72      12.20
ROE(%)      20.01      5.80      8.78      15.49
Debt/equity      5.28      6.17      5.80      4.74
Interest cover      1.40      1.15      1.18      1.50
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17.1. gala  May 18, 2017 7:18:01 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Prabhakaran srsly liking ur work .... Ur indebt information is vry useful ..... Continue doing it ..... Salute you ....
avatar
17.2. Prabhakaran Kuppusamy  May 19, 2017 4:00:32 PM IST I Like It. 2 | Report Abuse
Thanks gala sir. Sure.
To be true, you''re an inspiration to me - in providing expert suggestions and predicting all the IPO issues to perfection without any bias.
All I have is simple numbers (facts and figures) which anyone can get; only experts like you add value to this board by decipher these numbers and shepherds us.
So I request you to continue providing your expert suggestions.
I agree that the SME market might expel RII in near term.
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16. Nair  May 19, 2017 11:09:32 AM IST I Like It. | Report Abuse Reply
Jalan is almost subscribed fully on first day. Is it advisable to apply. 3 more days left
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15. IPO BABAJI  May 18, 2017 5:41:45 PM IST I Like It. 1 | Report Abuse Reply
Subscribe in this IPO
For listing gain
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14. Allan  May 18, 2017 2:35:05 PM IST I Like It. | Report Abuse Reply
Yes I agree... Also i think a similar thing is going to happen when Hudco lists ...a very lukewarm listing ...
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13. pritig  May 18, 2017 12:54:04 PM IST I Like It. | Report Abuse Reply
432,000 shares bid by corporate on first day...is it genuine or something fishy..!!
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12. TOPS  May 18, 2017 12:06:47 AM IST I Like It. | Report Abuse Reply
Galabha

You view on jalan trans issue

Whether to apply or not ?
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11. NPT  May 17, 2017 8:33:53 PM IST I Like It. | Report Abuse Reply
Navigant''s latest two issues, KMS Medisurge and Pure Giftcarat have been performing miserably.
So I will avoid this one also.
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11.1. Bullhorn  May 17, 2017 9:30:04 PM IST I Like It. | Report Abuse
It is Sarthi capital IPO too, to my knowledge, Sarthi Capital is leading it!
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10. mmmns  May 17, 2017 10:19:52 AM IST I Like It. | Report Abuse Reply
Koi dum nahi hai
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9. mmmns  May 17, 2017 10:18:06 AM IST I Like It. 1 | Report Abuse Reply
Good Ipo subscribe
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8. jainsa  May 16, 2017 12:27:31 PM IST I Like It. | Report Abuse Reply
Premium kitna h
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7. jainsa  May 16, 2017 12:27:05 PM IST I Like It. | Report Abuse Reply
Plz bhav
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6. Prabhakaran Kuppusamy  May 16, 2017 10:52:48 AM IST I Like It. | Report Abuse Reply
Balance Sheet (Rs.in Crs.)
Year      Mar 16      Mar 15      Mar 14      Mar 13
Share Capital      7.13      6.87      5.57      5.57
Reserves & Surplus      6.35      3.44      2.75      2.05
Total Shareholders Funds      13.48      10.31      8.32      7.62
Secured Loans      62.13      55.41      54.36      34.61
Unsecured Loans      4.83      3.33      1.91      1.52
Total Debt      66.96      58.74      56.27      36.13
Total Liabilities      80.44      69.05      64.59      43.75
Gross Block      35.54      38.45      34.76      25.61
Less: Accum. Depreciation      0.00      0.00      0.00      0.00
Net Block      35.54      38.45      34.76      25.61
Capital Work in Progress      0.58      0.50      9.06      0.01
Investments      0.67      0.60      0.05      0.02
Inventories      1.11      0.65      0.00      0.00
Sundry Debtors      39.71      29.85      21.87      14.39
Cash and Bank Balance      0.44      0.29      0.17      0.43
Loans and Advances      7.51      2.74      2.60      6.96
Current Liabilities      4.28      3.79      3.74      2.99
Provisions      0.85      0.26      0.18      0.68
Net Current Assets      43.64      29.48      20.72      18.11
Miscellaneous Expenses not w/o      0.00      0.00      0.00      0.00
Total Assets      80.43      69.03      64.59      43.75
Contingent Liabilities      0.00      0.00      0.00      0.00
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