Timescan Logistics IPO – Review, Bid, Size, Allotment, Subscription, GMP, RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Timescan Logistics IPO release date, IPO offer price, subscription, Timescan Logistics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 51 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Jan 12, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 481.44 Lakh |
| IPO Size | Rs 481.44 Lakh |
| Tick Size | 1 |
Timescan Logistics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Timescan Logistics IPO – Summary
Their Company was founded and promoted by Mr. Moulana Taufeek Islam and Mrs. Ayisha Beevi in the year 2006 and into the business of Logistics involving land, air and sea transportation as Multimodal Transport Operator and Third-Party Logistics Provider.
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 Promoter of this company is Mr. MOULANA TAUFEEK ISLAM AND Mrs. AYISHA BEEVI. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
Timescan Logistics IPO Date
The opening and the closing date of Timescan Logistics IPO are Dec 31, 2021, and Jan 4, 2022, respectively.
Timescan Logistics IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 31st Dec | 1.59x | 1.71x | 1.65x |
| 2nd Day – 3rd Jan | 2.44x | 14.97x | 8.71x |
| 3rd Day – 4th Jan | 141.38x | 90.34x | 115.86x |
| Shares Offered or Net Issue | 448,000 | 448,000 | 896,000 |
The shares subscribed by the public will be updated here.
Check Timescan Logistics IPO LIVE Subscription
- Timescan Logistics IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Timescan Logistics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Timescan Logistics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 7, 2022 |
| Refunds Initiation | Jan 10, 2022 |
| Credit of Shares to Demat Account | Jan 11, 2022 |
| Share Listing Date | Jan 12, 2022 |
Timescan Logistics IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.51
Timescan Logistics IPO Size
This Initial Public Issue of 9,44,000 Equity Shares of Rs.10 each for cash at a price of Rs.51 per equity share aggregating to Rs.481.44 Lakh.
Timescan Logistics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 9,44,000 Equity Shares of Rs.10/ each.
Issue Size: 9,44,000 Equity Shares of Rs.10 each, aggregating to Rs.481.44 Lakh
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Timescan Logistics IPO – Live Performance
The listing date of this IPO is Jan 12, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Timescan Logistics Share Price |
Timescan Logistics IPO Grey Market Premium
The Timescan Logistics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Timescan Logistics IPO – Company Overview
They have also complied with the conditions of membership for the World Cargo Alliance (WCA) and now become a member of the World Cargo Alliance (WCA). World Cargo Alliance is the world’s largest and most powerful network of independent freight forwarders, which benefited the members in Global reach, Networking & events, Marketing & Promotions, etc.
Every member of every WCAworld network is also automatically covered by the most generous and extensive financial protection program in the industry, which allows member companies to conduct business with other WCA members with complete security and peace of mind. Their Company initially started the work as a customs clearance broker and then swiftly moved across domains, geographies, and industries to offer a gamut of services for the logistics industry.
Their sustained growth has been fuelled by the undying passion of their promoter and their willingness to succeed. They offer their customers, transport management services and also freight-related services.
They provide the complete range of services like Freight Forwarding (Sea freight & Airfreight), Custom Clearance, Warehousing, Transportation, Multimodal Transportation, Project cargo, Third Party Logistics, Vessel Charter, Packaging, loading/unloading, and unpacking of items to facilitate their customers with end-to-end solutions and other related value-added services.
Timescan Logistics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-21 |
31-Mar-21 | 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 |
| Total Expense | 2,642.31 | 9,746.13 | 6,355.75 | 6,259.10 |
| Profit After Tax | 40.85 | 124.91 | 79.50 | 83.07 |
Earnings per Equity Share (in Lakh)
| 30-Jun-21 |
31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.60 | 4.90 | 3.12 | 3.26 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 124.91 Lakh, Rs. 79.50 Lakh, and Rs. 83.07 Lakh respectively.
Timescan Logistics IPO – Promoters
The Promoter of this company is:
- Mr. MOULANA TAUFEEK ISLAM,
- Mrs. AYISHA BEEVI
List of Related Parties (Key Managerial Personnel)
- Moulana Taufeek Islam, Managing Director
- Jacob Anilkumar Bunga, Whole-time Director
- Sundarraj Arunkumar, Whole-time Director
- Shanmugapriyan, Non-Executive Director
- Shekhar Chaki, Independent Director
- Munira Begam, Independent Director
Timescan Logistics IPO – Promoters Holding
- Pre Issue Share Holding – 99.88%
- Pos Issue Share Holding – 72.89%
Timescan Logistics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 9,44,000 Equity Shares aggregating up to Rs.481.44 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 48,000 Equity Shares aggregating up to Rs.24.48 Lakh |
| Net Issue to the Public | Up to 8,96,000 Equity Shares aggregating up to Rs.456.96 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 4,48,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 4,48,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 25,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 34,94,000 Equity Shares |
Timescan Logistics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements
2. To meet the Issue Expenses
3. General Corporate Purposes
Timescan Logistics IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Reduction of operational costs and achieving efficiency
- Quality Assurance
- Leverage and enhance their goodwill in the market
- Leveraging their Market skills and Relationships
Timescan Logistics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient workforce;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.90 | 22.43 | 21.83 |
| 31-Mar-20 | 3.12 | 18.37 | – |
| Mar-19 | 3.26 | 23.43 | – |
Timescan Logistics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV Per Equity Share (Rs.) | |
| Timescan Logistics Limited | 10 | 10.41 | 4.90 | 22.43 | 21.83 |
| Listed Peers | |||||
| ABC India Limited | 10 | 23.50 | 4.60 | NA | 63.50 |
| Maheshwari Logistics Limited | 10 | 28.30 | 3.10 | NA | 46.90 |
| Ritco Logistics Limited | 10 | 17.00 | 2.50 | NA | 43.90 |
| Frontline Corporation Limited | 10 | 8.20 | 2.20 | NA | 14.30 |
Timescan Logistics IPO Lead Managers
| Lead Managers |
| 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 Email: ramakrishna@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com SEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377 |
Timescan Logistics IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753 CIN No: U67120TN1998PLC041613 |
Timescan Logistics IPO – Other Details
- Statutory Auditor – M/s. L. Mukundan & Associates, Chartered Accountants
- Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
- Bankers to the Company – NA
Timescan Logistics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Timescan Logistics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Timescan Logistics IPO Review FAQs
What is the Issue Size of Timescan Logistics IPO?
The Company is making an initial public offer of 9,44,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Timescan IPO?
The price band for this particular IPO ranges between Rs 51. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Timescan Logistics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 31, 2021, while the closing date is set at Jan 4, 2022.
What is the Timescan IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 7, 2022, refund initiation is on Jan 10, 2022, credit of shares is on Jan 11, 2022, and share listing date is on Jan 12, 2022.
What is the Timescan Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges on Jan 12, 2022. The date, when the listing would be done, is stagnant on Jan 12, 2022.
Who is the Registrar of Timescan IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Timescan IPO?
Here are the promoters of this IPO – Mr. MOULANA TAUFEEK ISLAM, AND Mrs. AYISHA BEEVI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Timescan Logistics IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Timescan Logistic IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Timescan Logistics?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 124.91, 2020 is 79.50, 2019 is 83.07. PAT from June 2021 is 40.85.
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