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Timescan Logistics IPO is a fixed price issue of ₹4.81 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹4.81 crore.
Timescan Logistics IPO bidding started from Dec 31, 2021 and ended on Jan 4, 2022. The allotment for Timescan Logistics IPO was finalized on Jan 7, 2022. The shares got listed on NSE SME on Jan 12, 2022.
Timescan Logistics IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,44,000 shares (aggregating up to ₹4.81 Cr) |
| Reserved for Market Maker | 48,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2448 Cr) |
| Net Offered to Public | 8,96,000 shares (aggregating up to ₹4.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 25,50,000 shares |
| Share Holding Post Issue | 34,94,000 shares |
Timescan Logistics IPO offers total 9,44,000 shares. Out of which 4,48,000 (47.46%) allocated to NII, 4,48,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.08%) |
| NII (HNI) Shares Offered | 4,48,000 (47.46%) |
| Retail Shares Offered | 4,48,000 (47.46%) |
| Total Shares Offered | 9,44,000 (100.00%) |
Timescan Logistics IPO opens on December 31, 2021, and closes on January 4, 2022.
| IPO Open Date | Fri, Dec 31, 2021 |
| IPO Close Date | Tue, Jan 4, 2022 |
| Tentative Allotment | Fri, Jan 7, 2022 |
| Initiation of Refunds | Mon, Jan 10, 2022 |
| Credit of Shares to Demat | Tue, Jan 11, 2022 |
| Tentative Listing Date | Wed, Jan 12, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 4, 2022 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | January 12, 2022 |
| BSE Script Code | |
| NSE Symbol | TIMESCAN |
| ISIN | INE0IJY01014 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹82.00 |
| Low | ₹82.00 |
| High | ₹86.10 |
| Last Trade | ₹86.10 |
Timescan Logistics (India) Ltd.
Rajah Annamalai Buildings, Annex 3rd Floor,
18/3, Rukmani Lakshmipathy Road, (Marshalls Road)
Egmore,
Chennai, Tamil Nadu, 600008
Phone: 044 – 4356 6000
Email: cs@timescan.in
Website: http://www.timescan.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Timescan Logistics IPO is a SME IPO of 9,44,000 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.
The IPO opens on December 31, 2021, and closes on January 4, 2022.
Cameo Corporate Services Ltd. 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, and the minimum amount required for application is ₹1,02,000.
You can apply in Timescan Logistics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Timescan Logistics IPO listing date is on Wednesday, January 12, 2022.
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