Timescan Logistics Ltd

About the Company:

Timescan Logistics Ltd is engaged in the Logistics business involving land, air and sea transportation as Multimodal Transport Operator and Third-Party Logistics Provider.

Company is ISO 9001:2015 certified for Quality Management Services for providing services namely International Freight Forwarding, Customs Broker, Third Party Logistics (3PL), Warehousing and Transportation services.

Company is registered as Custom House Broker with Custom Office Chennai, Custom Office – Vijayawada and Custom office – Mundra.

Company also has approx. 16,354 Sqft warehouse taken on long term lease Under Free Trade Warehousing Zone of JMD Chennai SEZ.

Company have also complied with the conditions of membership for World Cargo Alliance (WCA) and now become a member of World Cargo Alliance (WCA).



Company’s Product Portfolio and Business Activity:

  • SEA / AIR Freight Forwarding
  • Equipment Rentals / Turnkey Projects
  • Customs Clearance
  • ISO/ Flexi Tanks / Hazardous Cargo
  • Warehousing / NVOCC
  • Transportation
  • Third Party Logistics (3PL)
  • Multimodal Transportation
  • Packaging / Palletization / Fumigation
  • Project Cargo / ODC Consignments
  • Vendor Management
  • Break Bulk / Heavy Lift
  • Door to Door Delivery
  • Vessel Charter / Chartering
  • Exhibition Cargo
  • FCL / LCL consolidation
  • Cargo Insurance.



Breakup of the top five and top ten customers/ Suppliers. (in lakhs) 



Management Team:

  1. Mr. Moulana Taufeek Islam (Designation: Managing Director)
  2. Mr. Jacob Anilkumar Bunga (Designation: Whole Time Director)





Objectives of the Issue:

Fresh Issue: (Rs.4.81 cr)

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



Financials of the Company:

(in Crores) FY 19 FY 20 FY 21 30th June 21
Revenue 63.93 65.09 99.76 27.24
Net Profit 0.83 0.79 1.24 0.40



Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Timescan Logistics (India) Ltd 10 4.90 10.41 22.43% 21.83
ABC India Ltd 10 4.60 23.50 N.A 63.50
Maheshwari Logistics Ltd 10 3.10 28.30 N.A 46.90
Ritco Logistics Ltd 10 2.50 17.00 N.A 43.90
Frontline Corporation Ltd 10 4.90 10.41 N.A 21.83



IPO Details:

Details Info
Issue Opens on 31st December 2021
Issue Closes on:. 4th January 2022
Issue Price Rs.51
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,04,000
Issue Constitutes 27.02%
Issue Size Rs.4.81 cr
Market Cap Rs.17.8 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 9,44,000
Equity Shares Prior to the Issue 25,50,000
Equity Shares after the issue 34,94,000

Also Read : List of Upcoming IPO’s in India.



Important Dates:

Finalization of Basis of Allotment on or Before 7th January 2022
Initiation of Refunds on or Before 10th January 2022
Credit of Equity Shares: on or Before 11th January 2022
Listing Date: on or Before 12th January 2022



IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
4.90 10.41 22.43% 21.83



Company Contact Info:
Timescan Logistics Ltd
Rajah Annamalai Buildings, Annex 3rd Floor,
18/3, Rukmani Lakshmipathy Road, (Marshalls Road),
Egmore, Chennai – 600 008. India.
Tel No: 044 – 4356 6000
E-Mail ID: cs@timescan.in;
Website: www.timescan.in


IPO Registrar Info:
“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Email: investor@cameoindia.com
Website: www.cameoindia.com


Lead Manager to the Issue:
Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal
Telephone: 033 – 22895101
Investor Grievance Email: info@finshoregroup.com
Website: www.finshoregroup.com