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| Issue Open | Mar 13, 2018 |
| Issue Close | Mar 15, 2018 |
| IPO Price | ₹55 |
| Face Value | ₹10 |
| IPO Size | ₹20.46 Cr |
| Listing At | NSE SME |
| IPO Lot Size | 2000 |
Tara Chand Logistic IPO subscribed 2.76 times. The public issue subscribed 2.88 times in the retail category, [.] times in QIB, and 2.64 times in the NII category by Mar 15, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 2.64 |
| Retail Investors | 2.88 |
| Employees | [.] |
| Others | [.] |
| Total | 2.76 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.25 | 0.24 | 0.25 |
Day 2 | 0.35 | 0.87 | 0.61 |
Day 3 | 2.64 | 2.88 | 2.76 |
Tara Chand Logistic IPO is a public issue of 3,528,000 equity shares. The issue offers 1,764,000 shares to retail investors, 0 shares to qualified institutional buyers, and 1,764,000 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 1,764,000 | 50.00% |
| Retail | 1,764,000 | 50.00% |
| Total | 3,528,000 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Tara Chand Logistic IPO is subscribed 2.76 by Mar 15, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 2.64 |
| Retail Individual | 2.88 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 2.76 |
An investor can apply in Tara Chand Logistic IPO online via bank (using ASBA) or the broker (using UPI). The Tara Chand Logistic IPO shares are offered online only.
The Tara Chand Logistic IPO is subscribed 2.76 by Mar 15, 2018.
The Tara Chand Logistic IPO allotment status is expected on or around . Visit Tara Chand Logistic IPO allotment status to check.
Visit Tara Chand Logistic IPO subscription status page for real-time bidding information about Tara Chand Logistic IPO.
| IPO Opens On | Mar 13, 2018 |
| IPO Closes On | Mar 15, 2018 |
| Finalisation of Basis of Allotment | |
| Initiation of Refunds | |
| Credit of Shares to Demat Account | |
| IPO Listing Date |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
