Tara Chand Logistic Solutions Ltd IPO 

Tara Chand Logistic Solutions Ltd

Issue Open

Mar 13, 2018

Price Band

₹ 55

Issue Size

₹ 20.46 Cr

Credit of Shares to Demat

-

Issue Close

Mar 15, 2018

Bid Lot

2000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Mar 23, 2018

Refunds

-

About the company:

Tarachand Logistic Solutions (TLS) formerly known as Tara Chand & Sons, serves the infrastructural needs of India and provides comprehensive solutions to many large organizations Company serves a broad range of industries, including steel, urban and rural infrastructure, oil and gas, renewable energy etc. Company’s transportation fleet included 42 owned trailers and their equipment rental fleet included 292 owned cranes

Date of establishment:  Tara Chand Logistic Limited was incorporated in 2012

Product & Service Offering: Company provides reliable and affordable logistic and supply chain services including Transportation and Warehousing, Equipment Rental and Steel Processing and Distribution.

 

Promoters of Tara Chand Logistic Ltd : The Promoters of the Company are:

1. Vinay Kumar and
2. Ajay Kumar

Customer segment: 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.

 

Objects of the Issue: The objects of the Offer is to:-
-     Repayment of Certain Secured Borrowings
-     Purchase of Capital Equipment
-     To meet working capital requirement
-     To Finance General corporate expense
-     Issue Expenses

Company Financials:

 

Tarachand Logistic Solutions' financial performance (in INR crore)

 

FY2013

FY2014

FY2015

FY2016

FY2017

9M FY2018

Total Assets

20.58

44.50

47.83

46.13

66.26

91.99

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

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