Tara Chand Logistic Solutions Limited Profile:
Tara Chand Logistic Solutions Limited (TLS) previously known as Tara Chand & Sons.
Since 1980 the company involved in serving the infrastructural needs of India and has successfully provided comprehensive solutions to many large organizations. Over the last two decades, the group has diversified into the deployment of heavy lifting equipment required for infrastructure and construction projects. Their fleet or cranes and trailers has served across various sectors like Power, Windmill, Refinery, Steel and Urban Infrastructure (Roads, Bridges, Highways, Airports, Metros, and Gas Pipelines). The current fleet of cranes consists of capacities ranging from 15MT to 800MT.
In the warehousing division, Tarachand Logistic Solutions handled 1.5 million MT of steel in nine months up to 31 December 2017. TLS is the distinction of being the industry leader in steel material handling and warehousing. They offer their services to a broad range of industries which includes steel, urban and rural infrastructure, oil and gas, renewable energy etc. Company’s major clients includes Tata Projects Ltd, Reliance Industries Ltd, Larsen & Toubro Ltd, Steel Authority of India Ltd, Rashtriya Ispat Nigam Ltd, Oil and Natural Gas Corporation Ltd, Hindustan Construction Company Ltd, Vedanta ltd, J Kumar Infraprojects Ltd, NCC Ltd, Megha Engineering & Infrastructures Ltd, Welspun Corp, ITD Cementation India Ltd, Bharat Heavy Electricals Ltd, Gayatri Projects Ltd.
Tara Chand Logistic Solutions Limited Promoters:
The Promoters of the Company are:
- Vinay Kumar and
- Ajay Kumar
Tara Chand Logistic Solutions Limited IPO details:
Symbol: TARACHAND
Issue Size: The Public issue of 37,20,000 Equity Shares (including Market Maker reservation portion of 1,92,000 equity shares)
Face Value: Rs 10
Price Range: Rs 55
Issue Type: Fixed Price
Bid Lot: 2000 Equity Shares and in multiples thereof.
Minimum Order Quantity: 2000 Equity Shares
Issue Period: 13-March-2018 to 15-March-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Sharex Dynamic (India) Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Tara Chand Logistic Solutions Limited Financials:
| Tara Chand 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 |
Bid Details for TARACHAND as on 15-Mar-2018 15:45:00 IST
| Sr. No | Category | No of shares bid for |
| 1 | Qualified Institutional Buyers(QIBs) | 18,000 |
| 2 | Non Institutional Investors | 42,40,000 |
| 3 | Retail Individual Investors(RIIs) | 46,94,000 |
| 4 | Employees | – |
| Total | 89,52,000 |
Tara Chand Logistic Solutions Limited Allotment Status:
Tara Chand Logistic Solutions Limited IPO Allotment Date: N/A
Tara Chand Logistic Solutions Limited IPO Listing Date: N/A
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