IPO Issue Details
Issue Price / Price Band₹46 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size38,49,000 shares (aggregating up to ₹17.71 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 18 May 2017
Subscription CloseTue, 23 May 2017
Anchor AllotmentWed, 17 May 2017
Basis of AllotmentMon, 29 May 2017
Initiation of RefundsTue, 30 May 2017
Credit of Shares to DematTue, 30 May 2017
Listing DateWed, 31 May 2017
UPI Mandate Deadline2017-05-23
Application & Investment Details
Retail — Min (1 Lots)₹1,38,000 — 3,000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)₹2,76,000 — 6,000 shares
Net Offer to Public36,54,000 shares (aggregating up to ₹16.81 Cr)
Reserved for Market Maker1,95,000 shares (aggregating up to ₹0.8970 Cr)
Pre-IPO Promoter Holding1,06,88,220 shares
Post-IPO Promoter Holding1,45,37,220 shares
About Jalan Transolutions (India) Ltd
Incorporated in 2003, Jalan Transolutions (India) Limited is engaged in the business of automobile transportation. They provides transportation logistics services in the B2B domain across India in all major sectors of the industry especially for 2 wheelers transportation.Jalan Transolutions offers services for carry goods from manufacturers to dealers or wholesalers and from wholesalers to retails mainly in automobiles industry (in twowheelers segment). They own about 400 fleet of trucks with GPS equipped and they also hire third party transportation service for carrying out their logistics operations.In 2015 in association with "Ashok Leyland Ltd" & "JK Tyres Ltd", they have set up a fully equipped, 29,365 sq. ft. buildup area) workshop known as "Jalan Business Center". This is a Truck Service Station for trucks repair, maintenance and breakdown solutions having latest machines, updated techniques, and team of experts at Dharuhera, Haryana.
Objects of the Issue
Jalan Transolutions (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Payment for Purchase of goods transportation vehicles
5.98
2
Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
6.80
3
General corporate purposes
4.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,06,88,220 shares
Post-IPO Promoter Holding
1,45,37,220 shares