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Timescan Logistics IPO is a fixed price issue of Rs 4.81 crores. The issue is entirely a fresh issue of 9.44 lakh shares.
Timescan Logistics IPO bidding started from December 31, 2021 and ended on January 4, 2022. The allotment for Timescan Logistics IPO was finalized on Friday, January 7, 2022. The shares got listed on NSE SME on January 12, 2022.
Timescan Logistics IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Finshore Management Services Limited is the book running lead manager of the Timescan Logistics IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Timescan Logistics IPO RHP for detailed information.
| IPO Date | December 31, 2021 to January 4, 2022 |
| Listing Date | January 12, 2022 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 944,000 shares (aggregating up to ₹4.81 Cr) |
| Fresh Issue | 944,000 shares (aggregating up to ₹4.81 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 48,000 shares |
Timescan Logistics IPO offers 944,000 shares. 448,000 (47.46%) to NII, 448,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 48,000 (5.08%) |
| Other Shares Offered | 448,000 (47.46%) |
| Retail Shares Offered | 448,000 (47.46%) |
| Total Shares Offered | 944,000 (100%) |
Timescan Logistics IPO opens on December 31, 2021, and closes on January 4, 2022.
| IPO Open Date | Friday, December 31, 2021 |
| IPO Close Date | Tuesday, January 4, 2022 |
| Basis of Allotment | Friday, January 7, 2022 |
| Initiation of Refunds | Monday, January 10, 2022 |
| Credit of Shares to Demat | Tuesday, January 11, 2022 |
| Listing Date | Wednesday, January 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 4, 2022 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Mr. Moulana Taufeek Islam and Mrs. Ayisha Beevi are the company promoters.
| Share Holding Pre Issue | 99.88% |
| Share Holding Post Issue | 72.89% |
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
| 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 | |
The market capitalization of Timescan Logistics IPO is Rs 17.82 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.87 |
The net proceed from the IPO will be utilized towards the following objectives;
[Dilip Davda] 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...
The Timescan Logistics IPO is subscribed 115.86 times on January 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)
| Category | Subscription (times) |
|---|---|
| Other | 141.38 |
| Retail | 90.34 |
| Total | 115.86 |
| Listing Date | January 12, 2022 |
| BSE Script Code | |
| NSE Symbol | TIMESCAN |
| ISIN | INE0IJY01014 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹82.00 |
| ₹82.00 |
| ₹86.10 |
| ₹86.10 |
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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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 share. The minimum order quantity is 2000 Shares.
The IPO opens on December 31, 2021, and closes on January 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
Visit Zerodha IPO Application Process Review for more detail.
The Timescan Logistics IPO opens on December 31, 2021 and closes on January 4, 2022.
Timescan Logistics IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Timescan Logistics IPO will be done on Friday, January 7, 2022, and the allotted shares will be credited to your demat account by Tuesday, January 11, 2022. Check the Timescan Logistics IPO allotment status.
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