IPO Issue Details
Issue Price / Price Band₹12 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size15,40,000 shares (aggregating up to ₹1.85 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 31 Mar 2016
Subscription CloseTue, 05 Apr 2016
Anchor AllotmentWed, 30 Mar 2016
Basis of AllotmentMon, 11 Apr 2016
Initiation of RefundsTue, 12 Apr 2016
Credit of Shares to DematTue, 12 Apr 2016
Listing DateWed, 13 Apr 2016
UPI Mandate Deadline2016-04-05
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 10,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 20,000 shares
Net Offer to Public14,60,000 shares (aggregating up to ₹1.75 Cr)
Reserved for Market Maker80,000 shares (aggregating up to ₹0.0960 Cr)
Pre-IPO Promoter Holding41,69,400 shares
Post-IPO Promoter Holding57,09,400 shares
About Lancer Container Lines Ltd.
Incorporated in 2011, Lancer Container Lines Ltd (LCLL) is engaged in providing various logistics services such as NVOCC, Shipping and freight forwarding, provision of yards for storage of empty containers, inland transport service etc.They are also engaged in trading and leasing of containers. LCLL provides all these services worldwide. Currently it has more than 3000 containers which are available for NVOCC operations. It has partnered with CARU Containers, an international market leader in this field, to enhance its global reach.
Objects of the Issue
Lancer Container Lines Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Procurement of new containers
1.10
3
3 General Corporate Purposes
0.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
41,69,400 shares
Post-IPO Promoter Holding
57,09,400 shares