Tara Chand Infralogistic Solutions Ltd
Registered Office:
342 Industrial Area Phase-I,,
Chandigarh
-
160002,
Phone : 91-172-2650380
Fax : NA
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.
Opens On
Closes On
Application
Allotment
13-Mar-18
15-Mar-18
55.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
2000
Further Multiples of :
2000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
20.46
Hem Securities Ltd
Project Financed through Current Offer
20.46
Post Issue Equity Share Capital
13.65
Repayment of certain secured borrowings availed by the company
Purchase of Capital equipment
To meet working capital requirement
General corporate purposes