Timescan Logistics IPO is all set to make its debut on 18th jan with 15 cr is a Multimodal Transport Operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider.
Timescan Logistics IPO – overview
| IPO Dates | Dec 31, 2021, to Jan 4, 2022 |
| IPO Price | INR 51 per share |
| Fresh issue | 944,000 shares (INR 4.81 crore) |
| Offer For Sale | Nil |
| Total IPO size | 944,000 shares (INR 4.81 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Timescan Logistics IPO – Tentative Dates
| IPO Offer Opening Date | 31 Dec 2021 |
| IPO Closing Date | 04 Jan 2022 |
| Finalization of Basis of Allotment | 07 Jan 2022 |
| Initiation of refunds | 10 Jan 2022 |
| Transfer of shares to demat accounts | 11 Jan 2022 |
| IPO Listing Date | 12 Jan 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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, Vijayawada, and Mundra and a member of the World Cargo Alliance for its global reach.
Industry Overview
The Logistics Sector was granted Infrastructure status in the 14th Institutional Mechanism (IM) Meeting held on 10th November 2017 to meet the need for integrated Logistics sector development because the logistics cost in India is very high compared to developed countries. The Indian logistic sector is primarily categorized into four segments: Transportation (rail, road, air, waterways), warehousing (Container freight stations and Inland Container Depots), freight forwarding, and value-added logistics.
Transportation contributes a maximum (of 60%) to the whole pie of the logistics sector, comprising various means such as road, rail, air, and water.
Strengths:
- A comprehensive range of logistic solution services.
- Organization stability and rich management experience.
- Well-defined organizational structure.
- Customer-centric services and ISO 9001:2015 certified.
Objectives of the issue
- Working capital requirements.
- General corporate purposes.
- Issue expenditures.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 3,045.32 | 1,483.43 | 1,396.80 |
| Total Revenue | 9,976.46 | 6,509.76 | 6,393.44 |
| Profit After Tax | 124.91 | 79.50 | 83.07 |
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/
Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
