Orissa Bengal Carrier Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,640,000 (47%) | — | ₹792 Cr |
| Retail | — | 2,640,000 (47%) | — | ₹792 Cr |
| Market Maker | — | 284,000 (5%) | — | ₹9 Cr |
| Σ Total | — | 5,564,000 (100%) | — | ₹16,692 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 21,300 | 22,056 | 20,650 |
| Profit After Tax | 395 | 182 | 92 |
| Total Assets | 7,625 | 6,673 | 6,111 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding of working capital requirements of the Company – 16.23
- 2 Issue Expenses – 0.47
Company Overview
Incorporated in 1994, Orissa Bengal Carrier Limited is a Raipur, Chhattisgarh based logistics company engaged in goods transportation business. The company is one of the IBA approved transporter having ISO 9001:2015 certification for provision of Quality Management System Service. It serves a broad range of industries, including the steel, coal, aluminum, cement, petrochemicals, paper, marble, tiles, infra, textile, FMCG. The various types of services provided by the company include: Full Truck Load Transport Services, Parcel and Part Truck Load Services/less than Truck Load (LTL).
The company has a network 45 branch offices spread across the various regions of the country, which serves as strategic hubs for its operations. It has a diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporate and other private players from steel, aluminum, cement, petrochemicals, power, chemicals, marble, tiles, infra, textile, FMCG to name a few.
Orissa Bengal is maintaining its own fleet of 93 owned vehicles. They also provide services by hired vehicles.
As of September 30, 2017 the company had 83 employees, including drivers, based at different locations across the country.
The Strengths of the company are-
• Experience: The company has got rich experience of 23 years and is an established name in the logistics industry
in the region.
• Distribution network: A branch network of 45 branches covering major geography of the country stretching from WB and Orissa in the east to Gujarat in the west, and Punjab in the north to Tamil Nadu in the south.
• Rich and diversified Customer base: A diversified customer base spreading to over 200 customers as on September 30, 2017. The clientele includes public sector undertakings, corporates and other private players from steel, aluminum, cement, petrochemicals, power, chemicals industry to name a few.
• Quality certification – The Company has been accredited with “ISO 9001:2015” certification for Quality Services by LMS Certifications Private Limited providing logistics services & handling services all over India. Additionally, we are an Indian Bank Association (IBA) approved transporter.
• Vast of Area of Operation: We provide logistics services covering almost the entire nation.
• Strategic location: Since Chhattisgarh contributes approx. 30.00% to India’s steel/sponge iron production, 15.00% cement in India’s production, there is high demand from companies for transportation of goods.