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Transvoy Logistics India Limited IPO (Transvoy Logistics India IPO) Detail

Jan 20, 2023 - Jan 24, 2023

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-

  1. Freight Forwarding
  2. Customs Clearance
  3. 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 Financials

Transvoy Logistics India Limited Financial Information (Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2011.4842.91.330.060
31-Mar-2112.4762.211.181.250
31-Mar-22109.89503.0256.6952.910.97
25-Nov-22748.23104835.67229.49141.3
Amount in ₹ Lakhs

Objects of the Issue

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. Investment in Subsidiary for Purchase of Containers
  3. General Corporate Purpose
  4. To meet Public Issue Expenses

Transvoy Logistics India IPO Details

IPO Date Jan 20, 2023 to Jan 24, 2023
Listing Date Thursday, February 2, 2023
Face Value ₹10 per share
Price ₹71 per share
Lot Size 1600 Shares
Issue Size720,000 shares of ₹10
(aggregating up to ₹5.11 Cr)
Fresh Issue720,000 shares of ₹10
(aggregating up to ₹5.11 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of Net Issue
Retail Shares Offered50% of Net Issue
Market MakerSUNFLOWER BROKING PVT. LTD.
Company Promoters

Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai Joshi are the promoters of the company.

Transvoy Logistics India IPO Tentative Timetable

Transvoy Logistics India IPO opens on Jan 20, 2023, and closes on Jan 24, 2023. The Transvoy Logistics India IPO bid date is from Jan 20, 2023 10.00 A.M. to Jan 24, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 20, 2023
Closing Date Jan 24, 2023
Basis of Allotment Jan 30, 2023
Initiation of Refunds Jan 31, 2023
Credit of Shares to Demat Feb 1, 2023
Listing Date Feb 2, 2023

Transvoy Logistics India IPO Lot Size

The Transvoy Logistics India IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹113,600).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹113,600
Retail (Max) 1 1600 ₹113,600
HNI (Min) 2 3,200 ₹227,200

Transvoy Logistics India IPO Promoter Holding

Pre Issue Share Holding 97.94%
Post Issue Share Holding 71.46%

Transvoy Logistics India IPO Review

The company is in a highly competitive segment. Its financial track record so far is not in line with the asking price. Based on its recent earnings, the issue appears aggressively priced. Longer gestation for migration to the mainboard due to tiny paid-up equity capital post IPO also raises concern. There is no harm in skipping this pricey issue. Read detail review...


Transvoy Logistics India IPO Subscription Status (Bidding Detail)

The Transvoy Logistics India IPO is subscribed 184.34 times on Jan 24, 2023 6:57:00 PM. The public issue subscribed 168.67 times in the retail category, times in the QIB category, and 200.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII200.00
Retail168.67
Total184.34

Transvoy Logistics India IPO Prospectus

Transvoy Logistics India IPO Rating

192
4.0
Rating:Rated 4.0 stars
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Transvoy Logistics India IPO Listing Date

Listing Date Thursday, February 2, 2023
BSE Script Code 543754
NSE Symbol
Listing In M Group of Securities
ISIN INE0MPU01011
IPO Price ₹71 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹71.00
₹71.00
₹67.50
₹74.55
₹74.55

Company Contact Information

Transvoy Logistics India Limited
B-504, Mondeal Heights, B/S Novotel Hotel,
S.G. Highway,
Ahmedabad -380015
Phone: 079 – 29705456
Email: info@transvoy.com
Website: http://www.transvoy.com/

Transvoy Logistics India IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: translogic.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Transvoy Logistics India IPO Review

Transvoy Logistics India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 1 0 4

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Transvoy Logistics India IPO FAQs

Transvoy Logistics India IPO is a SME IPO of 720,000 equity shares of the face value of ₹10 aggregating up to ₹5.11 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Jan 20, 2023, and closes on Jan 24, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Transvoy Logistics India 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 'Transvoy Logistics India 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 Transvoy Logistics India IPO opens on Jan 20, 2023 and closes on Jan 24, 2023.

Transvoy Logistics India IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Transvoy Logistics India 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 Transvoy Logistics India IPO will be done on Jan 30, 2023, and the allotted shares will be credited to your demat account by Feb 1, 2023. Check the Transvoy Logistics India IPO allotment status.

The Transvoy Logistics India IPO listing date is on Thursday, February 2, 2023.
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