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Lancer Container Lines Ltd IPO (Lancer Container IPO) Detail

March 31, 2016 - April 5, 2016

Lancer Container IPO is a fixed price issue of Rs 1.85 crores.

Lancer Container IPO bidding started from March 31, 2016 and ended on April 5, 2016. The shares got listed on BSE SME on April 13, 2016.

Lancer Container IPO price is ₹12 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Lancer Container IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Lancer Container IPO RHP for detailed information.

Lancer Container IPO Details

IPO Date March 31, 2016 to April 5, 2016
Listing Date April 13, 2016
Face Value ₹10 per share
Price ₹12 per share
Lot Size 10000 Shares
Total Issue Size1,540,000 shares
(aggregating up to ₹1.85 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Lancer Container IPO Lot Size

Investors can bid for a minimum of 10000 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 10000 ₹120,000
Retail (Max) 1 10000 ₹120,000
Lot Size Calculator

About Lancer Container Lines Ltd

Incorporated in 2011, Lancer Container Lines Ltd (LCLL) is engaged in providing various logistics services such as NVOCC, Shipping and freight forwarding, provision of yards for storage of empty containers, inland transport service etc.

They are also engaged in trading and leasing of containers. LCLL provides all these services worldwide. Currently it has more than 3000 containers which are available for NVOCC operations. It has partnered with CARU Containers, an international market leader in this field, to enhance its global reach.

Objects of the Issue (Lancer Container IPO Objectives)

The object of the Issue are:

1. Procurement of new containers;
2. Issue Expenses;
3. General corporate purposes.

Lancer Container IPO Review (Apply)

[Dilip Davda]  

Issue is priced justifiably and the sector is heading for bright prospects ahead. Long term investors may consider parking their funds in this IPO.

Read detail review...

Lancer Container IPO Prospectus

Lancer Container IPO Rating

14
3.9
Rating:Rated 3.9 stars
Vote Here ...

Lancer Container IPO Listing Details

Listing Date April 13, 2016
BSE Script Code 539841
NSE Symbol LANCER
ISIN INE359U01010
Final Issue Price ₹12 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹12.00
₹12.60
₹12.60
₹12.60
₹12.60

Check IPO Performance…

Lancer Container Lines Ltd Contact Details

Lancer Container Lines Ltd
26/27 Arenja Tower CHS Ltd,
Plot No. 49/50/51 CBD Belapur,
Navi Mumbai - 400614
Phone: +91-22-27566940/41/42
Email: secretarial@lancermarine.in
Website: http://www.lancermarine.in

Lancer Container IPO Registrar

Bigshare Services Pvt Ltd

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

Lancer Container IPO - Buy or Not

Lancer Container IPO Recommendation Summary

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

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Lancer Container IPO FAQs

Lancer Container IPO is a SME IPO of 1,540,000 equity shares of the face value of ₹10 aggregating up to ₹1.85 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000 Shares.

The IPO opens on March 31, 2016, and closes on April 5, 2016.

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

The Lancer Container IPO opens on March 31, 2016 and closes on April 5, 2016.

Lancer Container IPO lot size is 10000 Shares, and the minimum amount required is ₹120,000.

You can apply in Lancer Container 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 Lancer Container IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lancer Container IPO allotment status.

The Lancer Container IPO listing date is on April 13, 2016.
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Lancer Container IPO Message Board

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46 Comments

19. Haar Jeet |   Link |  Bookmark |June 21, 2016 5:08:26 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
fully suscribe today
18. sadak chaap |   Link |  Bookmark |May 9, 2016 12:51:53 PM
Now Ujjivan GMP does not matter. It will only help in the prelisting price discovery tomorrow morning. It looks like the price discovery would be around 265, the first trades around 275 and then may hit 300 soon thereafter based on the excessive QIB demand.

So ideally, if you have got the allotment and want to sell on listing you should wait till about 12 pm atleast so that real price gets discovered by QIB''s.

Do not go by GMP. It is only set by chillar retail punters. The real listing price will be set by QIBs and will be much higher than the retail level GMP.
17. Agstya |   Link |  Bookmark |April 20, 2016 7:44:34 PM
Logistics is the boon for the India for the coming decade ...now we are just waiting for the GST to push like rocket for the logistics industries .
Need to develop the Ports and equipment to speed up the facility of Import and Export .
16. IPOANALYSIS |   Link |  Bookmark |April 13, 2016 10:46:03 PM
greate company and shipping sector is in focus. it holds tremendous growth for containers.

not sure wy circuit is 5 % . when wil it be raised to 20%.

fair value of stock is 30+

16.1. SONMAYA |   Link |  Bookmark |April 13, 2016 11:23:39 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
Circuit.. Is 5%....becasome of the shares of promoter..R physical.... So..untill that had to b in demate..then it will become..20%......all this details R there in listing notice...
16.2. Eagleye |   Link |  Bookmark |April 24, 2016 10:51:57 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
SONMAYA Sir,

I am missing you on the main IPO board ... you have been hardly contributing ..

Please come back !!!
15. SNBC |   Link |  Bookmark |April 13, 2016 2:19:25 PM
pls read chat 11
i am buyer for 50000 shares at 17 rs
chal hawa aane de
14. Vaibhav |   Link |  Bookmark |April 13, 2016 12:25:45 PM
If anyone wants to sell the shares offline, I will buy @ 14 contact me at 9 0 2 99 20 525.
14.1. jagadish abbigeri |   Link |  Bookmark |April 13, 2016 11:35:10 PM
how to buy/transfer shares, if any1 wants to sell their shares offline, plz tel me
13. Manipo |   Link |  Bookmark |April 12, 2016 6:35:45 PM (200+ Posts)
Listing tomorrow 13th Wednesday
12. jagadish abbigeri |   Link |  Bookmark |April 12, 2016 1:21:09 PM
is it possible? that anybody allotted shares & wanted to sell his shares. What is the way to buy/transfer his shares directly from his demat a/c to our demat a/c..
11. SNBC |   Link |  Bookmark |April 12, 2016 12:57:41 PM
8.10. SNBC Apr 12, 2016 12:52:11 PM IST sont sell sysco or lancer
only market makers will make 1-2 lots trade
target for syso -22 rs
and lancer 26
if anyone still does not believe me
can contact me
i am a buyer in lancer at17 rs
and sysco at 15 rs
50000 each
10. Vaibhav |   Link |  Bookmark |April 12, 2016 8:39:33 AM
Any grey market premium for lancer ?
9. IPOANALYSIS |   Link |  Bookmark |April 11, 2016 12:55:51 AM

GOOD ISSUE..CONGRATS TO THOSE WHO WERE ALLOTED

I THINK BOTH LANCER COMTAINERS AND SYSCO INDUSTRIES SHOULD BE DOING VERY WELL IN LONG TERM.

LANCER I AM CONFIDENT BEACITS A LOGISTIC COMPNAY AND HAS TIE UP WITH BIG BRAND. ALSO WE ALL HAVE SEEN PERFORMANCE OF TIGER LOGISTICS SME AND ALL LOGISTICS IPO RETURN IN LONG TERM

I THINK LANCER IS GOOD FOR LONG TERM AND SYSCO IS GOOD FOR LISTING GAINS

ANYWAY ALL THE BEST
9.1. SNBC |   Link |  Bookmark |April 17, 2016 2:01:44 PM
Though the boarder ''ipo analysis'' has good knowledge of market .BUT he made 2 contradictory statement . In comment number -2 one should avoid completely sme ipos and lancer as MD withdraws 12 lacs salary pwr month
And now suddenly on 11 april in 9th comment he says congrats to allotees and finds longterm value at 30 rs for lancer.
Definitely this kind of people have vested interest and want to eat all the applications from mkt by spreading negative views .
8. Manipo |   Link |  Bookmark |April 10, 2016 3:48:29 PM (200+ Posts)
Allotment status is advisable on bigshare website
8.8. jagadish abbigeri |   Link |  Bookmark |April 12, 2016 7:54:58 AM
What r d bse codes of
Lancer & Sysco. what is d
date & timing of listing of
bse sme ipo s
8.9. Manipo |   Link |  Bookmark |April 12, 2016 7:57:05 AM (200+ Posts)
You will know when listing notice comes on bsesme website
7. SNBC |   Link |  Bookmark |April 6, 2016 12:51:43 PM
how much time did lancer got subscribed???
7.1. Maruthi |   Link |  Bookmark |April 6, 2016 11:38:14 PM
AROUND 5 TIMES
7.2. jagadish abbigeri |   Link |  Bookmark |April 10, 2016 1:01:06 AM
what is listing date of Lancet & Sysco
6. Manipo |   Link |  Bookmark |April 4, 2016 5:19:07 PM (200+ Posts)
Talked to the company yes he is drawing 10L/month
6.6. jagadish abbigeri |   Link |  Bookmark |April 5, 2016 9:21:47 PM
plz provide me subscription status of lancer & sysco
6.7. jagadish abbigeri |   Link |  Bookmark |April 6, 2016 9:57:23 AM
how much subscribed retail section of lancer & sysco
5. Vaibhav |   Link |  Bookmark |April 1, 2016 2:58:22 PM
Their must be some mistakes in DRHP.
5.1. jonam |   Link |  Bookmark |April 2, 2016 8:35:50 AM
no mistake. the md is drawing a salary of 10 lacs per month. see the related party transaction in the prospectus.
4. Vaibhav |   Link |  Bookmark |April 1, 2016 2:57:30 PM
As per companies Act, Director is not Allowed to withdraw more than 11% of net profit.
3. DURAI GOUNDER |   Link |  Bookmark |March 31, 2016 10:17:25 AM
I APPLIED FOR THE FOLLOWING SME AND THEIR CMP ARE
1. AMSONS APPARELS ISSUE PRICE IS RS.10 and CMP is 2.56 only.
2.PBFL ISSUE PRICE IS RS 10 AND CMP IS
RS.5 ONLY.
3. FUNNY SOFTWARE ISSUE PRICE IS RS.14 and CMP is RS.9 only

BEWARE OF LISTING LOSS
3.1. Maruthi |   Link |  Bookmark |March 31, 2016 4:36:56 PM
could u pl. guide me for applying bse sme ipos
3.2. bhupendrachakradhar |   Link |  Bookmark |April 1, 2016 8:31:03 AM
Hello please guide us for applying for BSE SME ipo. Which bank you used for applying BSE SME IPO.
it will be helpful for all of us.
2. IPOANALYSIS |   Link |  Bookmark |March 31, 2016 12:18:40 AM
WHY COMPANY WITH ONLY 40 LAC PROFITS PAYS 1.2 CORE AS SALARY

Also, looking at fate of todays all listing it appears to be good to stay away from ipo and sme for time being as there is huge rush to get them listed

Check today none of the listing hec infra, wealth portfolio and hcg(bad pricing) all were down their issue price and easlity available at discount to their issue price

i would suggest to stay away from all ipo and sme for time being

Although i am positive on HEC infra and CHD chemicals for long term prospects among SME
1. Maruthi |   Link |  Bookmark |March 30, 2016 4:56:23 PM
good issue reasonable value growth prospects for business very bright. Must apply for listing and as well as long term gain
1.1. bhupendrachakradhar |   Link |  Bookmark |March 30, 2016 8:56:45 PM
Completely Junk issue. Avoid this and your hard earned money.
Read Page no. 146 of Red Herring Prospectus. Remuneration of promoter increased from 16 lakh/year to 10 lakh/month. Means 1.2 crore/year with other many facilities.
While turnover/ net profits were Rs. 5.48 cr. / Rs. 0.01 cr. (FY12), Rs. 20.62 cr. / Rs. 0.17 cr. (FY13), Rs. 22.16 cr. /Rs. 0.44 cr. (FY14) and Rs. 30.42 cr. / Rs. 0.42 cr. (FY15). For first six months ended 30.09.15 it has posted net profit of Rs. 0.38 crore on a turnover of Rs. 20.86 crore.

Which clearly shows this company is not worth investing. As if you consider new salary of promotor post issue the company is completely in loss