IPO Issue Details
Issue Price / Price Band₹130 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size9,54,000 shares (aggregating up to ₹12.40 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 29 Sep 2017
Subscription CloseThu, 05 Oct 2017
Anchor AllotmentThu, 28 Sep 2017
Basis of AllotmentWed, 11 Oct 2017
Initiation of RefundsThu, 12 Oct 2017
Credit of Shares to DematThu, 12 Oct 2017
Listing DateFri, 13 Oct 2017
UPI Mandate Deadline2017-10-05
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 1,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 2,000 shares
Net Offer to Public9,06,000 shares (aggregating up to ₹11.78 Cr)
Reserved for Market Maker48,000 shares (aggregating up to ₹0.6240 Cr)
Pre-IPO Promoter Holding32,90,175 shares
Post-IPO Promoter Holding34,94,175 shares
Fresh Issue Shares1,56,000 shares (aggregating up to ₹2.03 Cr)
Offer for Sale Shares7,50,000 shares of ₹10 (aggregating up to ₹9.75 Cr)
About Shreeji Translogistics Ltd
Incorporated in 1994, Shreeji Translogistics Limited is an ISO 9001:2015 certified company provides logistics and parcel delivery services in India. They offer various types of services which includes Full Truck Load Transport Services, Parcel and Part Truck Load Services/ less than Truck Load (LTL), Import- Export Services and Bonded Trucking Services.They own and operate a strong fleet of commercial vehicles consisting of 229 owned trucks and more than 500 outsourced trucks. They operate different types of trucks on the basis of design and size along with varying capacities. Their Container Trucks are used for transportation of parcels, while Platform Trucks are mainly used for import export containers, and also for transportation of heavy duty goods like automotive parts and machineriesThey serve a broad range of industries, including the fast moving consumer goods (FMCG), white goods, food, textiles and apparel, furniture and fixture, pharmaceutical, plastics and metal. They have in-house preventive maintenance as well as annual maintenance contracts (AMC) with TATA Motors and Ashok Leyland for regular maintenance of the vehicles.
Objects of the Issue
Shreeji Translogistics Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding Working Capital Requirement
1.96
2
Expenditure for General Corporate Purposes
0.52
Shareholding & Lock-in
Pre-IPO Promoter Holding
32,90,175 shares
Post-IPO Promoter Holding
34,94,175 shares