Transvoy Logistics India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 23, 2023Let’s have a detailed review of the company and analytics of the Transvoy Logistics India IPO release date, IPO offer price, subscription, Transvoy Logistics India 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 71 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Feb 2, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 511 Lakh |
| IPO Size | Rs 511 Lakh |
| Tick Size | 1 |
Transvoy Logistics India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Transvoy Logistics India IPO – Summary
Their Company was originally incorporated as “Transvoy Logistics India Private Limited” as a Private Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated July 30, 2015, issued by the Assistant Registrar of Companies, Gujarat.
Subsequently, the Company was converted into a Public Limited Company pursuant to the shareholders’ resolution passed at the Extra-ordinary General Meeting of their Company held on June 13, 2022, and the name of their Company was changed to “Transvoy Logistics India Limited”
The Promoter of this company is Mr RAVINDRA KUMAR KUMAR CHANDRA JOSHI, MR. NAITIK RAVINDRA KUMAR JOSHI AND MRS. DIPTI RAVINDRABHAI JOSHI. The lead manager to the issue is Beeline Capital Advisors Pvt Ltd, and the Registrar to this issue is Link Intime India Private Ltd.
Transvoy Logistics India IPO Date
The opening and closing dates of Transvoy Logistics India IPO are Jan 20, 2023, and Jan 24, 2023, respectively.
Transvoy Logistics India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 20th Jan | 0.43x | 1.57x | 1.00x |
| 2nd Day – 23rd Jan | 6.66x | 21.65x | 14.15x |
| 3rd Day – 24th Jan | 130.17x | 123.48x | 126.83x |
| Shares Offered or Net Issue | 340,800 | 340,800 | 681,600 |
The shares subscribed by the public will be updated here.
Transvoy Logistics India 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.
Transvoy Logistics India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 30, 2023 |
| Refunds Initiation | Jan 31, 2023 |
| Credit of Shares to Demat Account | Feb 1, 2023 |
| Share Listing Date | Feb 2, 2023 |
Transvoy Logistics India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.71
Transvoy Logistics India IPO Equity Size
This Initial Public Issue of 720,000 Equity Shares of Rs.10 each for cash at a price of Rs.71 per equity share aggregating to Rs.511 Lakh.
Transvoy Logistics India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 720,000 Equity Shares of Rs.10/ each.
Issue Size: 720,000 Equity Shares of Rs.10 each, aggregating to Rs.511 Lakh
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Transvoy Logistics India IPO – Live Performance
The listing date of this IPO is Feb 2, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Transvoy Logistics India Share Price |
Transvoy Logistics India IPO Grey Market Premium
The Transvoy Logistics India Limited IPO Grey Market Premium price is Rs 25, the Kostak rate is NA and the Subject to Sauda is NA.
Transvoy Logistics India IPO – Company Overview
Their Company is engaged in the business of integrated logistics solutions. Their key expertise includes NVOCC, Freight Forwarding, Custom Clearance, Transportation handlings locally as well as globally and Advisory on MEIS License Trading.
As of the date of this Prospectus, they primarily provide services to their client’s countries namely India, China, the Middle East, Sri Lanka, Singapore and Malaysia. Their promoters have a combined experience of more than 42 years in the logistics industry.
Driven by the passion for building an integrated logistics company, backed by their experience, their Promoters have been the pillars of their Company’s growth and have built a strong value system for their Company.
With their enriching experience and progressive thinking, they aim to continue to grow in the logistics industry.
Transvoy Logistics India 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) | |||
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 109.89 | 12.47 | 11.48 |
| *Total Revenue | 503.02 | 62.21 | 42.9 |
| Total Expense | – | – | – |
| Profit After Tax | 56.69 | 1.18 | 1.33 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 10.31 | 0.22 | 0.24 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 56.69 Lakh, Rs. 1.18 Lakh and Rs. 1.33 Lakh respectively.
Transvoy Logistics India IPO – Promoters
The Promoter of this company is:
- MR. RAVINDRA KUMAR KUMAR CHANDRA JOSHI,
- MR. NAITIK RAVINDRA KUMAR JOSHI
- MRS. DIPTI RAVINDRABHAI JOSHI
List of Related Parties (Key Managerial Personnel)
- Ravindra Kumar Kumarchandra Joshi – Chairman cum Managing Director
- Dipti Ravindrabhai Joshi – Non-Executive Director
- Naitik Ravindrakumar Joshi – Whole Time Director & CFO
- Pooja Naitik Joshi – Executive Director
- Bhavan Matsyendra Trivedi – Independent Director
- Amrish Navinchandra Gandhi – Independent Director
Transvoy Logistics India IPO – Promoters Holding
- Pre-Issue Share Holding – 97.94%
- Post Issue Share Holding – 71.46%
Transvoy Logistics India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 720,000 Equity Shares aggregating up to Rs.511 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 38400 Equity Shares aggregating up to Rs.27.26 Lakh |
| Net Issue to the Public | Up to 681600 Equity Shares aggregating up to Rs.483.94 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 340800 Equity Shares |
| Other than Retail Individual Investors | Not more than 340800 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1943040 Equity Shares |
| Equity Shares outstanding after the Issue | 2663040 Equity Shares |
Transvoy Logistics India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements
2. Investment in Subsidiary for Purchase of Containers
3. General Corporate Purpose
4. To meet Public Issue Expenses
Transvoy Logistics India IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Reduction of operational costs and achieving efficiency
- To increase brand visibility
- Maintaining edge over competitors
- Customer Satisfaction
Transvoy Logistics India 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:
- Experienced Promoters and Management Team
- Well-defined organizational structure
- Existing Supplier Relationship
- Customer Relationship
- Asset Light Business Model
- Scalable Business Model
- Comprehensive solution for logistics requirement
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 10.31 | 107.15 | 9.62 |
| 31-Mar-21 | 0.22 | 95.11 | – |
| Mar-20 | 0.24 | 2183.04 | – |
Transvoy Logistics India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Transvoy Logistics India Limited | 10 | 6.88 | 10.31 | 107.15 | 502.99 |
| Listed Peers | |||||
| Timescan Logistics (India) Limited | 10 | 10.86 | 8.33 | 22.19 | 16,833.77 |
| ABC India Limited | 10 | 15.59 | 5.05 | 8.67 | 13,477.46 |
| Maheshwari Logistics Limited | 10 | 13.79 | 5.85 | 11.19 | 103,466.52 |
| Ritco Logistics Limited | 10 | 29.72 | 6.65 | 13.27 | 59,329.04 |
| Frontline Corporation Limited | 10 | 7.71 | 2.91 | 16.37 | 7,174.72 |
Transvoy Logistics India IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat. Telephone Number: 079 4840 5357 Email Id:mb@beelinemb.com Investors Grievance Id:ig@beelinemb.com Website:www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Transvoy Logistics India IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel. Number: 022 4918 6200 Fax: 022 4918 6195 Email Id: translogic.ipo@linkintime.co.in Investors Grievance Id: translogic.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Transvoy Logistics India IPO – Other Details
- Statutory Auditor – S. G. Marathe & Co., Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – AXIS BANK LIMITED
Transvoy Logistics India 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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Transvoy Logistics India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Transvoy Logistics India IPO Review FAQs
Check out various FAQs related to Transvoy Logistics India IPO:
What is the Issue Size of Transvoy Logistics India IPO?
The Company is making an initial public offer of 720,000 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 the net issue.
What is the Price band of Transvoy Logistics India IPO?
The price band for this particular IPO ranges between Rs 71. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Transvoy Logistics India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 20, 2023, while the closing date is set at Jan 24, 2023.
What is the Transvoy Logistics India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 30, 2023, refund initiation is on Jan 31, 2023, credit of shares is on Feb 1, 2023, and share listing date is on Feb 2, 2023.
What is the Transvoy Logistics IPO Listing Date?
Shares of this company shall be listed in the exchanges Feb 2, 2023. The date, when the listing would be done, is stagnant on Feb 2, 2023.
Who is the Registrar of Transvoy Logistics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Transvoy Logistics IPO?
Here are the promoters of this IPO – MR. RAVINDRA KUMAR KUMAR CHANDRA JOSHI, MR. NAITIK RAVINDRA KUMAR JOSHI AND MRS. DIPTI RAVINDRABHAI JOSHI. 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 Transvoy Logistics IPO?
They have obtained the GMP of this IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Transvoy Logistics 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 Transvoy Logistics India Company?
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 2022 in Lakh is 56.69, 2021 is 1.18, and 2020 is 1.33.
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