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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
Mr. Moulana Taufeek Islam and Mrs. Ayisha Beevi are the company promoters.
| 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 net proceed from the IPO will be utilized towards the following objectives;
| 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 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 Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
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 |
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 |
| Pre Issue Share Holding | 99.88% |
| Post Issue Share Holding | 72.89% |
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 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)
| Category | Subscription (times) |
|---|---|
| NII | 141.38 |
| Retail | 90.34 |
| Total | 115.86 |
| 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 |
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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://online.cameoindia.com/
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
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.
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