Tara Chand Logistic Solutions Ltd SME IPO

Incorporated in 2012, Tara Chand Logistic Solutions Ltd is engaged in providing logistic and supply chain services including transportation and warehousing, equipment rental and steel processing and distribution in India.

They offers their services to a broad range of industries which includes steel, urban and rural infrastructure, oil and gas, renewable energy etc.

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.

Tara Chand Logistic Solutions LTD IPO Issue Details

 

Tara Chand Logistic Solutions Ltd - SME IPO
 Issue Open

 Mar 13, 2018 - Mar 15, 2018
 Issue Price  Rs 55 Per Equity Share
 Market Lot  2000 Shares 
 Minimum Order  Quantity  2000 Shares
 Issue Size  3,720,000 Equity Shares of Rs 10 aggregating up to Rs 20.46 Cr
 Face Value  Rs 10/-
 Listing At  NSE SME


Company Promoters:

1. Vinay Kumar and

2. Ajay Kumar

Objects of Tara Chand Logistic Solutions Ltd - SME IPO:

1. Repayment of Certain Secured Borrowings availed by the Company;

2. Purchase of Capital Equipment;

3. To meet working capital requirement;

4. General Corporate purposes;

5. Issue Expenses.

 

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