IPO Issue Details
Issue Price / Price Band₹66 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size11,42,000 shares (aggregating up to ₹7.54 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 27 Aug 2013
Subscription CloseThu, 29 Aug 2013
Anchor AllotmentMon, 26 Aug 2013
Basis of AllotmentWed, 04 Sep 2013
Initiation of RefundsThu, 05 Sep 2013
Credit of Shares to DematThu, 05 Sep 2013
Listing DateThu, 12 Sep 2013
UPI Mandate Deadline2013-08-29
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 2,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 4,000 shares
Net Offer to Public10,84,000 shares (aggregating up to ₹7.15 Cr)
Reserved for Market Maker58,000 shares (aggregating up to ₹0.3828 Cr)
Pre-IPO Promoter Holding30,87,000 shares
Post-IPO Promoter Holding42,27,000 shares
About Tiger Logistics (India) Ltd.
Incorporated in 2000, Tiger Logistics (India) Ltd is engaged in the field of third party logistics providing. It has registered office at New Delhi and offices at Mumbai, Pune, Mundra, Luthiana and Kolkatta. The company has multi-model transport as well as custom house agent licenses.Tiger Logistics (India) Ltd work as International Freight Forwarders, Custom Clearance Agents, Transporters, Custom Consultants and Project Transportation Specialists. Company provides both inbound and outbound logistics solutions to various large corporates and multinational companies in India and abroad.In March 2005 Tiger Logistics issued 10000 shares at a price of Rs. 190 per share. In March 2007 they issued bonus in the ratio of 34 shares for every 1 share held. In February 2008 it issued 2030000 shares at par to take the paid up capital at Rs. 3.08 crore.
Objects of the Issue
Tiger Logistics (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
6.40
2
2 General Corporate Purpose
0.62
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,87,000 shares
Post-IPO Promoter Holding
42,27,000 shares