Transvoy Logistics India Limited IPO Detail
Incorporated in 2015, Transvoy Logistics India Limited is engaged in the business of integrated logistics solutions. The company offers services like NVOCC, Freight Forwarding, Custom Clearance, Transportation handling, and Advisory on MEIS License Trading.
Transvoy Logistics India operates primarily in India along with expanding to different parts of the world including Sri Lanka, China, Malaysia, Middle East, and Singapore. They maintain highest quality in the service and strive at satisfying the requirements of the customers.
The customers of the company are catered in the following horizons-
- Freight Forwarding
- Customs Clearance
- Allied Logistics and Transportation Services
Transvoy also operates through its wholly-owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL) which offers custom clearing services. Recently, Transvoy Logistics India Limited formed another company in Singapore with the name Transvoy Logistics PTE. Ltd engaged in the non-vessel owning common carrier (NVOCC) services.
Company Promoters
Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai JoshiIPO Details
| IPO Opening Date | Jan 20, 2023 |
| IPO Closing Date | Jan 24, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.11 Cr |
| Fresh Issue | ₹5.11 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.43x | 1.57x | 1.00x | |
| Day 2 | - | - | 6.66x | 21.65x | 14.15x | |
| Day 3 | - | - | 199.98x | 168.53x | 184.25x |
IPO Tentative Timetable
The Transvoy Logistics India Limited IPO open date is Jan 20, 2023, and the close date is Jan 24, 2023. The issue may list on Feb 02, 2023.
| IPO Open Date | Jan 20, 2023 |
| IPO Close Date | Jan 24, 2023 |
| Basis of Allotment Date | Jan 30, 2023 |
| Initiation of Refunds | Jan 31, 2023 |
| Credit of Shares to Demat Account | Feb 01, 2023 |
| IPO Listing Date | Feb 02, 2023 |
IPO Lot Size
The Transvoy Logistics India Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹113600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹113600 |
| Maximum | 1 | 1600 | ₹113600 |
IPO Promoter Holding
| Pre Issue Share Holding | 97.94% |
| Post Issue Share Holding | 71.46% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 25-Nov-22 | 826.06 | 1083.07 | 35.67 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- Investment in Subsidiary for Purchase of Containers
- General Corporate Purpose
- To meet Public Issue Expenses
Transvoy Logistics India Limited IPO Registrar:
Link Intime India Private Ltd
Transvoy Logistics India Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Transvoy Logistics India Limited
B-504, Mondeal Heights, B/S Novotel Hotel,
S.G. Highway,
Ahmedabad -380015
