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Timescan Logistics IPO Details

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Timescan Logistics IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Timescan Logistics

Timescan Logistics into the business of Logistics involving land, air and sea transportation as Multimodal Transport Operator and Third-Party Logistics Provider.

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Timescan Logistics (India) Limited, is an ISO 9001:2015 certified company for Quality Management Services for providing services namely International Freight Forwarding, Customs Broker, Third Party Logistics (3PL), Warehousing and Transportation services. The company has been registered as Custom House Broker with Custom Office – Chennai, Custom Office – Vijayawada and Custom office – Mundra under Department of Revenue, Ministry of Finance and authorised to transact business as Custom Broker all over India by the Custom Office, Chennai under Department of Revenue, Ministry of Finance.

Timescan Logistics also registered as a Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993 to carry on/commence the business of Multimodal transportation under the Directorate General of Shipping, Ministry of Shipping, Government of India. The company also having approx. 16,354 Sqft warehouse taken on long term lease Under Free Trade Warehousing Zone of JMD Chennai SEZ.

Important Details – Timescan Logistics

DateDetails
October 19, 2006The company was originally incorporated as “Timescan Logistics Private Limited” in Tamil Nadu, Chennai.
May 28, 2012The name of the company changed to “Timescan Logistics (India) Private Limited”
July 02, 2021The company was converted into Public Limited Company consequent upon conversion from Private Limited to Public Company the name of the company changed to “Timescan Logistics (India) Limited”.

Objects of the Issue

  • To meet the working capital requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

Timescan Logistics Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,045.32 1,483.43 1,396.80
Total income 9,976.46 6,509.76 6,393.44
Total Expenses 9,746.13 6,355.75 6,259.10
Profit After Tax 124.91 79.50 83.07

Timescan Logistics IPO Price – Details

DescriptionTIMESCAN IPO Details
Public IssueInitial Public Issue of upto 9,44,000  equity shares of ₹ 10 (aggregating up to ₹ 481.44 lakhs)
Issue Open  Date31-Dec-21
Issue Close Date04-Jan-22
Issue TypeFixed Price
IPO Price Band₹ 51
Face Value ₹ 10
Market Lot 2000 Equity Shares and in multiples thereof
Minimum Order Quantity 2000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolTIMESCAN
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Timescan IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum12000₹ 1,02,000
Maximum12000₹ 1,02,000

Timescan IPO Lead Managers

  • Finshore Management Services Ltd

Timescan IPO Registrar

  • Cameo Corporate Services Ltd

Timescan IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on31-Dec-21
Bid / Offer Closes on04-Jan-22
Finalisation of Basis of Allotment07-Jan-22
Initiation of refunds 10-Jan-22
Credit of the Equity Shares11-Jan-22
Listing Date12-Jan-22

Company Peers – Comparison of Accounting Ratios

Name of Company Face Value  EPS (Basic)
(₹)
P/E
Ratio
NAV, as on March 31, 2021
(₹ per share)
Timescan Logistics (India) Ltd 10 4.90 10.41 21.83
ABC India Limited 10 4.60 23.50 63.50
Maheshwari Logistics Limited 10 3.10 28.30 46.90
Ritco Logistics Limited 10 2.50 17.00 43.90
Frontline Corporation Limited 10 2.20 8.20 14.30

Company Registered Office

Rajah Annamalai Buildings,
Annex 3rd Floor, 18/3,
Rukmani Lakshmipathy Road,
(Marshalls Road), Egmore,
Chennai – 600 008. India.
Website: www.timescan.in

Company Promoters

Mr. Moulana Taufeek Islam
Mrs Ayisha Beevi

Timescan Logistics IPO – FAQS

What is the Timescan Logistics IPO Price?

The Timescan Logistics IPO price band is 51 per share

When Timescan Logistics IPO will open?

The Timescan Logistics IPO opens on Dec 31, 2021 and closes on Jan 04, 2022

What is the lot size of Timescan Logistics IPO?

The Timescan Logistics IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares

Who is the Registrar for Timescan Logistics IPO?

The Registrar for Timescan Logistics IPO is Cameo Corporate Services Ltd

How to apply in Timescan Logistics IPO through UPI?

Check the step by step process here – Click here

How to apply in Timescan Logistics IPO through Zerodha?

Check the step by step process here – Click here

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