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:
- Mr. Moulana Taufeek Islam (Designation: Managing Director)
- 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: |
|---|
| CAMEO CORPORATE SERVICES LIMITED “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: |
|---|
| FINSHORE MANAGEMENT SERVICES LIMITED 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 |
