Business Standard

Tara Chand Infralogistic Solutions Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

20.46 cr

Price Range (₹)

55

Lot Size

2000

Min Investment (₹)

1,10,000.00

Listing Exchange

NSE - SME

Open Date

13-Mar-2018

Close Date

15-Mar-2018

Listing Date

23-Mar-2018

Tara Chand Infralogistic Solutions Ltd News

    The Shares of Tara Chand Infralogistic Solutions Ltd have now been listed.

    Tara Chand Infralogistic Solutions Ltd IPO Details

    Public issue of 37,20,000 equity shares of face value of Rs. 10 each (equity shares) of Tara Chand Logistic Solutions Limited (company or issuer) for cash at a price of Rs. 55 per equity share (including a share premium of Rs.45 per equity share) aggregating to Rs. 20.46 Crores. The issue comprises of 1,92,000 equity shares of face value Rs.. 10 each for cash at a price of Rs.55 per equity share, aggregating to Rs.1.06 Crores which will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. Issue of upto 35,28,000 equity shares of face value of Rs..10 each for cash at a price of Rs. 55 per equity share, aggregating to Rs. 19.40 Crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 27.26% and 25.86% respectively of the post issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 55 is 5.5 times of the face value.

    Objective of issue

    Repayment of certain secured borrowings availed by the company. Purchase of Capital equipment. To meet working capital requirement. General corporate purposes.

    Tara Chand Infralogistic Solutions Ltd Contact Details

    Tara Chand Infralogistic Solutions Ltd, Unit-1 Luthra Ind Pr, Safed Pool Andheri E, Andheri Kurla Road, Mumbai - 400001

    Phone - 91-022-28515606

    Fax - 91-022-28512885

    Email - info@tarachandindia.in

    Website - www.tarachandindia.in