Tara Chand Logistic Solutions Ltd IPO

Closed

Subscription Details

  • Open Date 13 Mar
  • Close Date 15 Mar
  • Lot Size 2000
  • IPO Size ₹ 20.46 Cr
  • IPO Price Range ₹ 55
  • Min Investment ₹ 110000

Tara Chand Logistic Solutions Ltd IPO Timeline

Open Date
13 Mar
Close Date
15 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Tara Chand Logistic Solutions Ltd IPO

Contact Information

Address

342 Industrial Area Phase-I,
,
Chandigarh, Chandigarh 160002

Tara Chand Logistic Solutions Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account