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Orissa Bengal Carrier Limited IPO (Orissa Bengal Carrier IPO) Detail

March 22, 2018 - March 26, 2018

Orissa Bengal Carrier IPO is a fixed price issue of Rs 16.69 crores.

Orissa Bengal Carrier IPO bidding started from March 22, 2018 and ended on March 26, 2018. The shares got listed on BSE SME on April 5, 2018.

Orissa Bengal Carrier IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Guiness Corporate Advisors Pvt Ltd is the book running lead manager of the Orissa Bengal Carrier IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Orissa Bengal Carrier IPO RHP for detailed information.

Orissa Bengal Carrier IPO Details

IPO Date March 22, 2018 to March 26, 2018
Listing Date April 5, 2018
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size5,564,000 shares
(aggregating up to ₹16.69 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion284,000 shares

Orissa Bengal Carrier IPO Reservation

Orissa Bengal Carrier IPO offers 5,564,000 shares. 2,498,000 (44.90%) to NII, 2,498,000 (44.90%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered284,000 (5.10%)
Other Shares Offered2,498,000 (44.90%)
Retail Shares Offered2,498,000 (44.90%)
Other Shares Offered284,000 (5.10%)
Total Shares Offered5,564,000 (100%)

Orissa Bengal Carrier IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
Lot Size Calculator

About Orissa Bengal Carrier Limited

Incorporated in 1994, Orissa Bengal Carrier Limited is a Raipur, Chhattisgarh based logistics company engaged in goods transportation business. The company is one of the IBA approved transporter having ISO 9001:2015 certification for provision of Quality Management System Service. It serves a broad range of industries, including the steel, coal, aluminum, cement, petrochemicals, paper, marble, tiles, infra, textile, FMCG. The various types of services provided by the company include: Full Truck Load Transport Services, Parcel and Part Truck Load Services/less than Truck Load (LTL).

The company has a network 45 branch offices spread across the various regions of the country, which serves as strategic hubs for its operations. It has a diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporate and other private players from steel, aluminum, cement, petrochemicals, power, chemicals, marble, tiles, infra, textile, FMCG to name a few.

Orissa Bengal is maintaining its own fleet of 93 owned vehicles. They also provide services by hired vehicles.

As of September 30, 2017 the company had 83 employees, including drivers, based at different locations across the country.

The Strengths of the company are-
� Experience: The company has got rich experience of 23 years and is an established name in the logistics industry
in the region.
� Distribution network: A branch network of 45 branches covering major geography of the country stretching from WB and Orissa in the east to Gujarat in the west, and Punjab in the north to Tamil Nadu in the south.
� Rich and diversified Customer base: A diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporates and other private players from steel, aluminum, cement, petrochemicals, power, chemicals industry to name a few.
� Quality certification � The Company has been accredited with �ISO 9001:2015� certification for Quality Services by LMS Certifications Private Limited providing logistics services & handling services all over India. Additionally, we are an Indian Bank Association (IBA) approved transporter.
� Vast of Area of Operation: We provide logistics services covering almost the entire nation.
� Strategic location: Since Chhattisgarh contributes approx. 30.00% to India�s steel/sponge iron production, 15.00% cement in India�s production, there is high demand from companies for transportation of goods.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 7,624.53 6,672.51 6,111.09 5,741.39 4,795.29
Total Revenue 21,300.22 22,055.97 20,650.43 18,519.40 13,546.10
Profit After Tax 395.43 182.41 91.92 0.20 (-16.40)

Objects of the Issue (Orissa Bengal Carrier IPO Objectives)

The objects of the Issue are:

1. Funding working capital requirements
2. Issue Expenses

Orissa Bengal Carrier IPO Review (May apply)

[Dilip Davda]  

Considering reasonable pricing, track record and future prospects, investors may consider long term investment in this issue.

Read detail review...


Orissa Bengal Carrier IPO Subscription Status (Bidding Detail)

The Orissa Bengal Carrier IPO is subscribed 1.30 times on March 26, 2018 5:00:00 PM. The public issue subscribed 1.44 times in the retail category, times in the QIB category, and 1.15 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other1.15
Retail1.44
Total1.30

Orissa Bengal Carrier IPO Prospectus

Orissa Bengal Carrier IPO Rating

38
3.4
Rating:Rated 3.4 stars
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Orissa Bengal Carrier IPO Listing Details

Listing Date April 5, 2018
BSE Script Code 541206
NSE Symbol OBCL
ISIN INE426Z01016
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹31.90
₹31.90
₹33.45
₹33.45

Check IPO Performance…

Orissa Bengal Carrier Limited Contact Details

Orissa Bengal Carrier Limited
A-1, 3rd Floor
C.G. Elite Complex, Opp Mandi Gate
Pandri Main Road, Raipur- 492001
Phone: +91-771-4054518
Email: cs@obclimited.com
Website: http://www.obclimited.com

Orissa Bengal Carrier IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Orissa Bengal Carrier IPO - Buy or Not

Orissa Bengal Carrier IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Orissa Bengal Carrier IPO FAQs

Orissa Bengal Carrier IPO is a SME IPO of 5,564,000 equity shares of the face value of ₹10 aggregating up to ₹16.69 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on March 22, 2018, and closes on March 26, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Orissa Bengal Carrier IPO opens on March 22, 2018 and closes on March 26, 2018.

Orissa Bengal Carrier IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.

You can apply in Orissa Bengal Carrier IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Orissa Bengal Carrier IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Orissa Bengal Carrier IPO allotment status.

The Orissa Bengal Carrier IPO listing date is on April 5, 2018.
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Orissa Bengal Carrier IPO Message Board

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15 Comments

10. suheelan |   Link |  Bookmark |April 9, 2018 5:16:40 PM
On listing Lemon Tree has turned out to be an Apple Tree !!!
9. lic |   Link |  Bookmark |April 5, 2018 2:03:03 PM
NOW @33.45
8. IPOANALYSIS |   Link |  Bookmark |March 26, 2018 11:20:48 AM
SINCE NEW BSE LISTING ON T2T NO NEW BSE LISTING HAVE GONE UP. INFACT ALL HAVE DOWNTREND EVEN THE ONES HEAVILY SUBSCRIBED

ALSO DO REMEMBER THIS IS GUINESS ISSUES AND WE ALL KNOW ANG LIFECIENCE AND JHANDEWALA PERFORMANCE

NOW SINCE LITING DAY BSE RULE HAVE CHANGED SO THOSE ENTERING FOR LISTING GAIN WONT GET ANYTHING AND GUINESS ISSUES FOR LONG TERM IS PATHETIC

SO STRICTLY AVOID
7. Mastmoula |   Link |  Bookmark |March 25, 2018 2:50:51 PM
जब तारचंद लौजिस्टक पीट गया तो ओडिशा बंगाल का तो भगवान हि मालिक है.
6. Vaibhav |   Link |  Bookmark |March 24, 2018 12:37:36 PM
Why company's Website is not working ?
5. IPOANALYSIS |   Link |  Bookmark |March 24, 2018 11:05:03 AM
No use to apply in this one. Also make sure u ignore all big new sme being listed on bse since t2t trade. U can easily get below price after listing
Since new rule none of big sme have performed. Also being guiness issue makes it no apply.
4. Kaushik Ka Karishma |   Link |  Bookmark |March 21, 2018 6:54:59 PM
I think this is the best ipo at present
Company seems to progress continueslly.
4.4. Kaushik Patel Rajkot |   Link |  Bookmark |March 23, 2018 11:38:48 AM
Umang ji
Could u pls share the link of nse will be listed on MT group.
If it will be continue then we should avoid sme untill some news will arrive
4.5. Umang and his ultrasonic uproar |   Link |  Bookmark |March 23, 2018 11:55:44 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
https://www.nseindia.com/emerge/circulars.htm

Pls. Look at 14 th march circular "revesion of trading parameters"
3. IPOANALYSIS |   Link |  Bookmark |March 23, 2018 2:19:01 AM
THE SAME WAS THOUGHT WHEN TASTY DIARIES ,JHANDEWALA ,ANG LIFESCIENCE CAME WITH IPO.

GUINESS ISSUE ARE A SELL ON DAY 1.
2. Corporate IPO |   Link |  Bookmark |March 22, 2018 10:22:15 AM
Mr IPOAnanlysis plz suggest which IPO to invest in as any lead manager who's IPO has gone below issue price needs to be discarded by u. Please remember IPO is company specific and not LM specific.
1. IPOANALYSIS |   Link |  Bookmark |March 20, 2018 11:27:11 PM
GUINESS LAST HEAVILY SUBSCRIBED ISSUE ANG LIFECIENCE AND JHANDEWALA HAVE BEEN DAMP SQUIB
BOTH THESE ISSUES TOO WERE GIVEN GOOD REVIEWS

SIMPLY STAY AWAY FROM ALL GUINESS ISSUES