Timescan Logistics (India) Limited IPO Detail
Timescan Logistics is a Multimodal Transport Operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like Freight Forwarding (Sea and Air), Customs Clearance, Warehousing, Transportation, Multimodal transportation, Project Cargo, Vessel Charter, packaging, loading/unloading, etc. It is a registered custom house broker with Custom offices - Chennai, Vijaywada, and Mundra and also a member of the World Cargo Alliance for its global reach.
The business also has a 16,354 Sq. ft warehouse on long-term lease under Free Trade Warehousing Zone of JMD Chennai SEZ.
Strengths
- A comprehensive range of logistic solution services.
- Wide clientele base.
- Organization stability and rich management experience.
- Well-defined organizational structure.
- Customer-centric services and ISO 9001:2015 certified.
Company Promoters
Mr. Moulana Taufeek Islam and Mrs. Ayisha BeeviIPO Details
| IPO Opening Date | Dec 31, 2021 |
| IPO Closing Date | Jan 04, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹4.81 Cr |
| Fresh Issue | ₹4.81 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.27x | 0.50x | 0.89x | |
| Day 2 | - | - | 2.25x | 12.00x | 7.12x | |
| Day 3 | - | - | 141.38x | 90.34x | 115.86x |
IPO Tentative Timetable
The Timescan Logistics (India) Limited IPO open date is Dec 31, 2021, and the close date is Jan 04, 2022. The issue may list on Jan 12, 2022.
| IPO Open Date | Dec 31, 2021 |
| IPO Close Date | Jan 04, 2022 |
| Basis of Allotment Date | Jan 07, 2022 |
| Initiation of Refunds | Jan 10, 2022 |
| Credit of Shares to Demat Account | Jan 11, 2022 |
| IPO Listing Date | Jan 12, 2022 |
IPO Lot Size
The Timescan Logistics (India) Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102000 |
| Maximum | 1 | 2000 | ₹102000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 72.89% |
Company Financials:
For the year/period ended (₹ in Lakh)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-21 | 3,122.44 | 2,724.13 | 40.85 |
| 31-Mar-21 | 3,045.32 | 9,976.46 | 124.91 |
| 31-Mar-20 | 1,483.43 | 6,509.76 | 79.50 |
| 31-Mar-19 | 1,396.80 | 6,393.44 | 83.07 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following objectives;
- Working capital requirements.
- General corporate purposes.
- Issue expenditures.
Timescan Logistics (India) Limited IPO Registrar:
Cameo Corporate Services Limited
Timescan Logistics (India) Limited IPO Lead Manager(s):
Finshore Management Services Limited
