Business 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 LimitedÂ
Unit- 1, Luthra Industrial Premises, Safed Pool,
Andheri Kurla Road, Andheri (E),
Mumbai- 400 072
Phone:Â +91 22 2851 5606Â
Fax:Â +91 22Â 2851 2885Â
Email: [email protected]
Website:Â 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)
