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 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.
The Promoters of the Company are:
1. Vinay Kumar and
2. Ajay Kumar
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||262.97||118.74||69.16||65.54||55.96|
The object of the issue are to:
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;
5. Issue Expenses.
»» Issue Open: Mar 13, 2018 - Mar 15, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,720,000 Equity Shares of Rs 10 aggregating up to Rs 20.46 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 55 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: NSE SME
Tara Chand Logistic IPO Subscription Status tells if Tara Chand Logistic IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Tara Chand Logistic 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||Others||Total|
|Shares Offered / Reserved||0||1,764,000||1,764,000||192,000||3,720,000|
|Day 1 - Mar 13, 2018 17:00 IST||0||446,000||430,000||-||876,000|
|Day 2 - Mar 14, 2018 17:00 IST||0||618,000||1,542,000||-||2,160,000|
|Day 3 - Mar 15, 2018 17:00 IST||18,000||4,660,000||5,074,000||-||9,752,000|
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