Tarachand Logistic IPO

Tarachand Logistic IPO

Tarachand Logistic IPOBusiness description - Tarachand Logistic Solutions is engaged in providing reliable and affordable logistic and supply chain services including Transportation and Warehousing, Equipment Rental and Steel Processing and Distribution. The company serves a broad range of industries, including steel, urban and rural infrastructure, oil and gas, renewable energy etc. As of 31 December 2017, its transportation fleet included 42 owned trailers while equipment rental fleet included 292 owned cranes ranging from 10 MT-800 MT lifting capacity. The company’s own automated steel processing machineries like shear line, twin master, robo master, compressor, decoiling machines etc. totaling to 32.

In the warehousing division, Tarachand Logistic Solutions handled 1.5 million MT of steel in nine months upto 31 December 2017. It also provides services through equipment hired by it as and when required, to provide timely and quality services to its clients which 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.

Promoters of Tarachand Logistic Solutions – Rupesh Mehta and Nikesh Mehta
Tarachand Logistic Solutions IPO details
Subscription Dates 13 - 15 March 2018
IPO Price band INR55 per share
Fresh issue 3,720,000 shares (INR20.46 crore)
Offer for sale Nil
Total IPO size 3,720,000 shares (INR20.46 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Repayment of Secured Borrowings - INR5.10 crore
  • Purchase of Capital Equipment - INR2.00 crore
  • Working Capital Requirement - INR8.06 crore
  • General Corporate Expenses - INR4.10 crore
  • Issue Expenses - INR1.19 crore
Tarachand Logistic Solutions' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 22.59 23.98 39.25 46.22 52.65 54.18
Total expenses 21.78 23.00 38.25 44.44 48.63 49.21
Profit after tax 0.56 0.66 0.69 1.19 2.63 3.66
Tarachand Logistic Solutions' Contact Details

Tarachand Logistic Solutions Limited
Site 6, Sector 10E, Kharghar-Taloja Link Road
Roadpali, Kalamboli
Navi Mumbai - 410 218

Phone: +91 8655082111
Email: [email protected]
Website: www.tarachandindia.in

Tarachand Logistic Solutions IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.24
Day 2 0.58
Day 3 2.62
Tarachand Logistic Solutions Valuation (Latest FY)

Earnings Per Share (EPS): INR2.82

Price/Earnings (P/E) ratio: 19.50

Return on Net Worth (RONW): 17.48%

Net Asset Value (NAV): INR16.14 per share

Registrar of Tarachand Logistic Solutions IPO

Sharex Dynamic (India) Private Limited 
Unit- 1, Luthra Industrial Premises, Safed Pool,
Andheri Kurla Road, Andheri (E),
Mumbai- 400 072

Phone: +91 22 2851 5606 
Fax: 
+91 22 2851 2885 
Email:
[email protected]
Website: www.sharexindia.com

Tarachand Logistic Solutions IPO Allotment Status

Tarachand Logistic Solutions IPO allotment status is now available on Sharex Dynamic's website. Click on this link to get allotment status.

Listing performance of Tarachand Logistic Solutions

IPO Opening Date: 13 March 2018

IPO Closing Date: 15 March 2018

Listing Date: 23 March 2018

Listing Price on NSE SME: INR49 per share (down 10.91% from IPO price)

Closing Price on NSE SME: INR49.05 per share (down 10.81% from IPO price)

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