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Timescan Logistics (India) Limited IPO (Timescan Logistics IPO) Detail

Dec 31, 2021 - Jan 4, 2022

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 Beevi are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
  30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,122.44 3,045.32 1,483.43 1,396.80
Total Revenue 2,724.13 9,976.46 6,509.76 6,393.44
Profit After Tax 40.85 124.91 79.50 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 IPO Details

IPO Opening Date Dec 31, 2021
IPO Closing Date Jan 4, 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 NSE SME
Issue Size944,000 Eq Shares of ₹10
(aggregating up to ₹4.81 Cr)
Fresh Issue944,000 Eq Shares of ₹10
(aggregating up to ₹4.81 Cr)
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Timescan Logistics IPO Tentative Timetable

The Timescan Logistics IPO open date is Dec 31, 2021, and the close date is Jan 4, 2022. The issue may list on Jan 12, 2022.

IPO Open Date Dec 31, 2021
IPO Close Date Jan 4, 2022
Basis of Allotment Date Jan 7, 2022
Initiation of Refunds Jan 10, 2022
Credit of Shares to Demat Account Jan 11, 2022
IPO Listing Date Jan 12, 2022

Timescan Logistics IPO Lot Size

The Timescan Logistics IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 2000 ₹102,000
Maximum 1 2000 ₹102,000

Timescan Logistics IPO Promoter Holding

Pre Issue Share Holding 99.88%
Post Issue Share Holding 72.89%

Timescan Logistics IPO Review

Based on its financial and other parameters, the issue is fully priced. It is operating in a highly competitive and fragmented segment with south centric presence and operations. Declining trends of business with top 10 customers and suppliers raise concerns. Small equity base post IPO indicates longer gestation for migration to the mainboard. Risk seeker/cash surplus investors may consider investing in this fully priced issue, others may avoid it. Read detail review...

Timescan Logistics IPO Subscription Status (Bidding Detail)

The Timescan Logistics IPO is subscribed 115.86 times on Jan 4, 2022 5:00:00 PM. The public issue subscribed 90.34 times in the retail category, times in the QIB category, and 141.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII141.38
Retail90.34
Total115.86

Timescan Logistics IPO Prospectus

Timescan Logistics IPO Rating

302
4.2
Rating:Rated 4.2 stars
Vote Here ...

Timescan Logistics IPO Listing Date

Listing Date Wednesday, January 12, 2022
BSE Script Code
NSE Symbol TIMESCAN
Listing In ST Group of Securities
ISIN INE0IJY01014
IPO Price ₹51 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹51.00
Open: ₹82.00
Low: ₹82.00
High: ₹86.10
Last Trade: ₹86.10

Company Contact Information

Timescan Logistics (India) Limited
Rajah Annamalai Buildings, Annex 3rd Floor,
18/3, Rukmani Lakshmipathy Road, (Marshalls Road)
Egmore, Chennai -600 008
Phone: 044 – 4356 6000
Email: cs@timescan.in
Website: http://www.timescan.in/

Timescan Logistics IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/

Timescan Logistics IPO Reviews / Ratings

Timescan Logistics IPO FAQs

Timescan Logistics IPO is a SME IPO of 944,000 equity shares of the face value of ₹10 aggregating up to ₹4.81 Crores. The issue is priced at ₹51 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Dec 31, 2021, and closes on Jan 4, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Timescan Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Timescan Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Timescan Logistics IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Timescan Logistics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Timescan Logistics IPO opens on Dec 31, 2021 and closes on Jan 4, 2022.

Timescan Logistics IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

You can apply in Timescan Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Timescan Logistics IPO will be done on Jan 7, 2022, and the allotted shares will be credited to your demat account by Jan 11, 2022. Check the Timescan Logistics IPO allotment status.

The Timescan Logistics IPO listing date is on Wednesday, January 12, 2022.

Timescan Logistics IPO Message Board

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