Timescan Logistics (India) Limited IPO
NSE SME₹102,000 / 2000 Shares
IPO Details
Timescan Logistics (India) Limited IPO IPO is priced between ₹51 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Cameo Corporate Services Limited is managing the issue as the registrar.
The IPO bidding period opened on 31 Dec, 2021, and closed on 4 Jan, 2022. The allotment results will be announced on 10 Jan, 2022, with a tentative listing date set for 12 Jan, 2022.
The total issue comprises 944,000 Eq Shares of ₹10 , amounting to ₹4.81 Cr.
Timescan Logistics (India) Limited IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 - Jan 4, 2022 | 12 Jan, 2022 | ₹10 Per Equity Share | ₹51 per equity share | - | Shares | - | NSE SME |
Timescan Logistics (India) Limited IPO IPO Timeline
Issue Price
₹51 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedMarket Lot
2000 Shares (₹102,000/-)Lead Manager
Finshore Management Services LimitedIssue Size
944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr)#Fresh Issue: 944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr)Retail Portion
N/ASubscription
115.86 timesTimescan Logistics (India) Limited IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 21 | 31.22 | 27.24 | 0.40 | - | - | - |
| 31 Mar 21 | 30.45 | 99.76 | 1.24 | - | - | - |
| 31 Mar 20 | 14.83 | 65.09 | 0.79 | - | - | - |
| 31 Mar 19 | 13.96 | 63.93 | 0.83 | - | - | - |
All values are in ₹ Cr.
About Company
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.
Timescan Logistics (India) Limited IPO IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 4,48,000 | 4,48,000 | 8,96,000 |
| Day 1 - 31-12-21 06:00 PM | 1.59 x | 1.71 x | 1.65 x |
| Day 2 - 03-01-22 06:00 PM | 2.44 x | 14.97 x | 8.71 x |
| Day 3 - 04-01-22 06:00 PM | 141.38 x | 90.34 x | 115.86 x |
Timescan Logistics (India) Limited IPO IPO - Issue Objectives
- Working capital requirements.
- General corporate purposes.
- Issue expenditures.