Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Fri, Dec 31, 2021 - Tue, Jan 4, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Dec 31, 2021
IPO Close
Tue, Jan 4, 2022
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹17.82 Cr
| IPO Date | 31 Dec, 2021 to 4 Jan, 2022 |
| Listed on | Wed, Jan 12, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,44,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 48,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2448 Cr) |
| Fresh Issue (Ex Market Maker) | 8,96,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 8,96,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 25,50,000 shares |
| Share Holding Post Issue | 34,94,000 shares |
| NSE Symbol | TIMESCAN |
| ISIN | INE0IJY01014 |
Timescan Logistics IPO comprises a total issue size of 9,44,000 shares. The net offer to the public is 8,96,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,48,000 (50.00%) allocated to NII 4,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,48,000 | 50.00% | 47.46% |
| Retail Shares Offered | 4,48,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.08% | |
| Total Shares Offered | 9,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 4.15 |
| 2 | General Corporate Purposes | 0.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.87 | |
| Promoter Holding | 99.88% | 72.89% |
| Market Cap | ₹17.82 Cr. |
The Timescan Logistics IPO is subscribed 115.86 times on January 4, 2022 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 141.38 | 4,48,000 | 6,33,40,000 |
| Retail | 90.34 | 4,48,000 | 4,04,74,000 |
| Total | 115.86 | 8,96,000 | 10,38,14,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.23 |
| 2 | Regulators Including Stock Exchanges | 0.10 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹82.00 |
| Low | ₹82.00 |
| High | ₹86.10 |
| Last Trade | ₹86.10 |
Lead Manager Reports
Timescan Logistics IPO is a SME IPO of 9,44,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Dec 31, 2021, and closes on Tue, Jan 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 Fri, Dec 31, 2021 and closes on Tue, Jan 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 Tue, Jan 11, 2022. Check the Timescan Logistics IPO allotment status.
The Timescan Logistics IPO listing date is on Wed, Jan 12, 2022.
