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.
The promoters of the company are:
1. Mr. Manish Jalan and
2. Mr. Rajesh Jalan
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 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 Subscription Status tells if Jalan Transolutions IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Jalan Transolutions IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - May 18, 2017 17:00 IST||0||1,221,000||336,000||1,557,000|
|Day 2 - May 19, 2017 17:00 IST||0||2,070,000||1,182,000||3,252,000|
|Day 3 - May 22, 2017 17:00 IST||0||2,703,000||2,553,000||5,256,000|
|Day 4 - May 23, 2017 17:00 IST||0||4,986,000||5,127,000||10,113,000|
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