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Lancer Container Lines Ltd IPO (Lancer Container IPO) Detail

Mar 31, 2016 - Apr 5, 2016

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.

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Company Promoters:

The Promoters of the company are:

1. Abdul Khalik Chataiwala

Objects of the Issue:

The object of the Issue are:

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

Lancer Container IPO Details

IPO Opening Date Mar 31, 2016
IPO Closing Date Apr 5, 2016
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹12 per equity share
Market Lot 10000 Shares
Min Order Quantity 10000 Shares
Listing At BSE SME
Issue Size1,540,000 Eq Shares of ₹10
(aggregating up to ₹1.85 Cr)

Lancer Container IPO Lot Size

The Lancer Container IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 10000 ₹120,000
Maximum 1 10000 ₹120,000

Lancer Container IPO Review

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 Date

Listing Date Wednesday, April 13, 2016
BSE Script Code 539841
NSE Symbol
Listing In MT Group of Securities
ISIN INE359U01010
IPO Price ₹12 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹12.00
₹12.60
₹12.60
₹12.60
₹12.60

Company Contact Information

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: http://www.bigshareonline.com

Lancer Container IPO Reviews / Ratings

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 equity share. The minimum order quantity is 10000 Shares.

The IPO opens on Mar 31, 2016, and closes on Apr 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 Mar 31, 2016 and closes on Apr 5, 2016.

Lancer Container IPO lot size is 10000 Shares and the minimum order quantity is 10000 Shares.

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, Edelweiss, 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 Wednesday, April 13, 2016.

Lancer Container IPO Message Board

Ranked Members  Ranked Members

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46 Comments

19. Haar Jeet |Jun 21, 2016 6:08:26 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
fully suscribe today
18. sadak chaap |May 9, 2016 1:51:53 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 |Apr 20, 2016 8:44:34 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 |Apr 13, 2016 11:46:03 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Apr 14, 2016 12:23:39 AM
Top Contributor Top Contributor (400+ Posts)
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 |Apr 24, 2016 11:51:57 AM
IPO Guru IPO Guru (6100+ Posts, 20200+ Likes)
SONMAYA Sir,

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

Please come back !!!
15. SNBC |Apr 13, 2016 3:19:25 PM
pls read chat 11
i am buyer for 50000 shares at 17 rs
chal hawa aane de
14. Vaibhav |Apr 13, 2016 1:25:45 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 |Apr 14, 2016 12:35:10 AM
how to buy/transfer shares, if any1 wants to sell their shares offline, plz tel me
13. Manipo |Apr 12, 2016 7:35:45 PM
Top Contributor Top Contributor (200+ Posts)
Listing tomorrow 13th Wednesday
12. jagadish abbigeri |Apr 12, 2016 2:21:09 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 |Apr 12, 2016 1:57:41 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 |Apr 12, 2016 9:39:33 AM
Any grey market premium for lancer ?
9. IPOANALYSIS |Apr 11, 2016 1:55:51 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)

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 |Apr 17, 2016 3:01:44 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 |Apr 10, 2016 4:48:29 PM
Top Contributor Top Contributor (200+ Posts)
Allotment status is advisable on bigshare website
8.8. jagadish abbigeri |Apr 12, 2016 8:54:58 AM
What r d bse codes of
Lancer & Sysco. what is d
date & timing of listing of
bse sme ipo s
8.9. Manipo |Apr 12, 2016 8:57:05 AM
Top Contributor Top Contributor (200+ Posts)
You will know when listing notice comes on bsesme website
7. SNBC |Apr 6, 2016 1:51:43 PM
how much time did lancer got subscribed???
7.1. Maruthi |Apr 7, 2016 12:38:14 AM
AROUND 5 TIMES
7.2. jagadish abbigeri |Apr 10, 2016 2:01:06 AM
what is listing date of Lancet & Sysco
6. Manipo |Apr 4, 2016 6:19:07 PM
Top Contributor Top Contributor (200+ Posts)
Talked to the company yes he is drawing 10L/month
6.6. jagadish abbigeri |Apr 5, 2016 10:21:47 PM
plz provide me subscription status of lancer & sysco
6.7. jagadish abbigeri |Apr 6, 2016 10:57:23 AM
how much subscribed retail section of lancer & sysco
5. Vaibhav |Apr 1, 2016 3:58:22 PM
Their must be some mistakes in DRHP.
5.1. jonam |Apr 2, 2016 9:35:50 AM
no mistake. the md is drawing a salary of 10 lacs per month. see the related party transaction in the prospectus.
4. Vaibhav |Apr 1, 2016 3:57:30 PM
As per companies Act, Director is not Allowed to withdraw more than 11% of net profit.
3. DURAI GOUNDER |Mar 31, 2016 11:17:25 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 |Mar 31, 2016 5:36:56 PM
could u pl. guide me for applying bse sme ipos
3.2. bhupendrachakradhar |Apr 1, 2016 9:31:03 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 |Mar 31, 2016 1:18:40 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Mar 30, 2016 5:56:23 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 |Mar 30, 2016 9:56:45 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