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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.
| IPO Opening Date | May 18, 2017 |
| IPO Closing Date | May 23, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹46 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 3,849,000 Eq Shares of ₹10 (aggregating up to ₹17.71 Cr) |
The Jalan Transolutions IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹138,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹138,000 |
| Maximum | 1 | 3000 | ₹138,000 |
Investors may consider investment from short to long term in this reasonably priced issue of Jalan Transolutions NSE SME IPO. Read detail review...
The Jalan Transolutions IPO is subscribed times on 5/23/2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, May 31, 2017 |
| BSE Script Code | |
| NSE Symbol | JALAN |
| Listing In | |
| ISIN | INE349X01015 |
| IPO Price | ₹46 per equity share |
| Face Value | ₹10 per equity share |
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Jalan Transolutions (India) Ltd
206 Ajnara Bhawan,
D-Block Market,
Vivek Vihar, Delhi – 110095
Phone: +91 11 47675707
Email: info@jalantransolutions.com
Website: http://www.jalantransolutions.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: jtl.ipo@karvy.com
Website: https://karisma.kfintech.com/
Jalan Transolutions IPO is a SME IPO of 3,849,000 equity shares of the face value of ₹10 aggregating up to ₹17.71 Crores. The issue is priced at ₹46 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on May 18, 2017, and closes on May 23, 2017.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Jalan Transolutions IPO opens on May 18, 2017 and closes on May 23, 2017.
Jalan Transolutions IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Jalan Transolutions 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jalan Transolutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jalan Transolutions IPO allotment status.
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