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

Mar 22, 2018 - Mar 26, 2018

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 Promoters:

The Promoters of the company are Ratan Kumar Agrawal, Shakuntala Devi Agrawal, and Manoj Kumar Agrawal.
The Promoters hold 83,24,100 Equity Shares representing 53.64% of the issued and paid-up Equity Share capital of the Company.

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:

The objects of the Issue are:

1. Funding working capital requirements
2. Issue Expenses

Orissa Bengal Carrier IPO Details

IPO DateMar 22, 2018 - Mar 26, 2018
Issue TypeFixed Price Issue IPO
Issue Size5,564,000 Eq Shares of ₹10
(aggregating up to ₹16.69 Cr)
Face Value₹10 Per Equity Share
IPO Price₹30 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Orissa Bengal Carrier IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹120,000
Maximum14000₹120,000

Orissa Bengal Carrier IPO Subscription Status (Bidding Detail)

Orissa Bengal Carrier IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,498,000

2,498,000

4,996,000

Mar 26, 2018 17:00

1.15x

1.44x

1.30x

Orissa Bengal Carrier IPO Prospectus

Orissa Bengal Carrier IPO Rating

38
3.4
Rating:Rated 3.4 stars

Vote Here ...

Orissa Bengal Carrier IPO Listing Date

Listing DateThursday, April 5, 2018
BSE Script Code541206
NSE SymbolOBCL
Listing InM
ISININE426Z01016
IPO Price₹30 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹30.00
₹31.90
₹31.90
₹33.45
₹33.45
1,132,000

Orissa Bengal Carrier IPO Reviews / Ratings

Company Contact Information

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Orissa Bengal Carrier IPO FAQs

  1. 1. What is Orissa Bengal Carrier IPO?

    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 price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

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

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

  2. 2. When Orissa Bengal Carrier IPO will open?

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

  3. 3. How to apply for Orissa Bengal Carrier IPO?

    Orissa Bengal Carrier IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Orissa Bengal Carrier IPO allotment?

    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.

  5. 5. When is Orissa Bengal Carrier IPO listing date?

    The Orissa Bengal Carrier IPO listing date is on Thursday, April 5, 2018, at BSE SME.
  6. 6. What is the lot size of Orissa Bengal Carrier IPO?

    Orissa Bengal Carrier IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Orissa Bengal Carrier IPO Review / Comments

suheelan
10. suheelan  Apr 9, 2018 17:16
On listing Lemon Tree has turned out to be an Apple Tree !!!
lic
9. lic  Apr 5, 2018 14:03
NOW @33.45
IPOANALYSIS
8. IPOANALYSIS  Mar 26, 2018 11:20
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
Mastmoula
7. Mastmoula  Mar 25, 2018 14:50
जब तारचंद लौजिस्टक पीट गया तो ओडिशा बंगाल का तो भगवान हि मालिक है.
Vaibhav
6. Vaibhav  Mar 24, 2018 12:37
Why company's Website is not working ?
IPOANALYSIS
5. IPOANALYSIS  Mar 24, 2018 11:05
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.
Kaushik Ka Karishma
4. Kaushik Ka Karishma  Mar 21, 2018 18:54
I think this is the best ipo at present
Company seems to progress continueslly.
Kaushik Patel Rajkot
4.4. Kaushik Patel Rajkot  Mar 23, 2018 11:38
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
Umang and his ultrasonic uproar
4.5. Umang and his ultrasonic uproar  Mar 23, 2018 11:55
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
https://www.nseindia.com/emerge/circulars.htm

Pls. Look at 14 th march circular "revesion of trading parameters"
IPOANALYSIS
3. IPOANALYSIS  Mar 23, 2018 02:19
THE SAME WAS THOUGHT WHEN TASTY DIARIES ,JHANDEWALA ,ANG LIFESCIENCE CAME WITH IPO.

GUINESS ISSUE ARE A SELL ON DAY 1.
Corporate IPO
2. Corporate IPO  Mar 22, 2018 10:22
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.
IPOANALYSIS
1. IPOANALYSIS  Mar 20, 2018 23:27
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






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