The Tara Chand Logistic IPO date has been confirmed from March 13, 2018 and ended on March 15, 2018. Read the post to learn about Tara Chand Logistic IPO GMP.
Tara Chand Logistic Developers is launching an IPO at a fixed price, valued at Rs 20.46 crores. Tara Chand Logistic Developers has fixed the IPO price at ₹55 per share. Tara Chand Logistic Developers IPO mandates a minimum lot size of 2000 shares for each application. To engage in Tara Chand Logistic Developers IPO, retail investors must commit at least ₹110,000.
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Bidding Dates
March 13-15
Price Range
₹55 per share
Face Value
₹10 per share
GMP
₹171.25
Tara Chand Logistic IPO GMP
The Tara Chand Logistic IPO GMP Today is ₹171.25.
IPO Overview
Tara Chand Logistic is launching an IPO at a fixed price issuance of Rs 20.46 crore. The IPO bidding window for Tara Chand Logistic’s commenced on March 13, 2018, closing on March 15, 2018. At an IPO price of ₹55 per share, Tara Chand Logistic’s shares debuted on the NSE SME on March 23, 2018. Tara Chand Logistic IPO GMP Today is ₹171.25.
They are engaged in providing services to a broad spectrum of industries, spanning from steel to urban and rural infrastructure, oil and gas, renewable energy, and the like. To apply for Tara Chand Logistic IPO, one must adhere to a lot size requirement of 2000 shares. Retail investors are obligated to invest a minimum sum of ₹100,000.
Tara Chand Logistic IPO Details
| IPO Date | March 13, 2018 to March 15, 2018 |
| Listing Date | March 23, 2018 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,720,000 shares (aggregating up to ₹20.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares |
Tara Chand Logistic Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6,626.79 | 4,613.09 | 4,783.08 | 4,450.85 | 2,058.04 | |
| Total Revenue | 5265.07 | 4621.68 | 3925.04 | 2397.71 | 2258.67 | |
| Profit After Tax | 262.97 | 118.74 | 69.16 | 65.54 | 55.96 | |
Tara Chand Logistic IPO Listing Details
| Listing Date | March 23, 2018 |
| BSE Script Code | |
| NSE Symbol | TARACHAND |
| ISIN | INE555Z01012 |
| Final Issue Price | ₹55 per share |
Company Profile
Tara Chand Logistic Solutions Ltd, founded back in 2012, operates as a prominent provider of logistic and supply chain solutions in India, delivering services like transportation, warehousing, equipment rental, and steel processing and distribution. Company’s major clientele includes Reliance industries ltd, Larsen & Toubro ltd (seven Independent Companies), Steel Authority of India ltd, Rashtriya Ispat Nigam ltd, Oil and Natural Gas Corporation ltd, Tata Projects ltd, Hindustan Construction Company ltd, Vedanta ltd, J Kumar Infraprojects ltd, NCC ltd, Welspun Corp, ITD Cementation India
ltd, Bharat Heavy Electricals ltd, Gayatri Projects Ltd, Megha Engineering & Infrastructures ltd.
Registrar Info
| Name | Sharex Dynamic (India) Pvt Ltd |
| Phone number | +91- 22 – 2851 5606 |
| Email ID | [email protected] |
| Website | — |
Contact Details
| Name | Tara Chand Logistic Solutions Ltd |
| Phone number | +91-172-2650380 |
| Email ID | [email protected] |
| Website | tarachandindia.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Tara Chand Logistic IPO FAQs
When Tara Chand Logistic IPO will open?
The Tara Chand Logistic IPO opens on March 13, 2018 and closes on March 15, 2018.
What is the lot size of Tara Chand Logistic IPO?
Tara Chand Logistic IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
When is Tara Chand Logistic IPO allotment?
The finalization of Basis of Allotment for Tara Chand Logistic IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Tara Chand Logistic IPO listing date?
The Tara Chand Logistic IPO listing date is on March 23, 2018.
