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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹4.81 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹4.81 Cr |
| Fresh Issue | ₹4.57 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹51.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TIMESCAN |
| Registrar | Cameo Corporate Services Ltd. |
| Lead Managers | Finshore Management Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Timescan Logistics is a Multimodal Transport Operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like Freight Forwarding (Sea and Air), Customs Clearance, Warehousing, Transportation, Multimodal transportation, Project Cargo, Vessel Charter, packaging, loading/unloading, etc. It is a registered custom house broker with Custom offices - Chennai, Vijaywada, and Mundra and also a member of the World Cargo Alliance for its global reach.
The business also has a 16,354 Sq. ft warehouse on long-term lease under Free Trade Warehousing Zone of JMD Chennai SEZ.
Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 4.15 |
| 2 | General Corporate Purposes | 0.30 |
| Period Ended | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 31.22 | 30.45 | 14.83 | 13.97 |
| Total Income | 27.24 | 99.76 | 65.10 | 63.93 |
| Profit After Tax | 0.41 | 1.25 | 0.80 | 0.83 |
| EBITDA | 0.81 | 2.24 | 1.44 | 1.33 |
| NET Worth | 5.98 | 5.57 | 4.33 | 3.55 |
| Reserves and Surplus | 5.93 | 5.52 | 4.28 | 3.50 |
| Total Borrowing | 1.01 | 1.64 | 0.36 | 0.45 |
| Amount in ₹ Crore | ||||
| Metric | Pre IPO | Post IPO |
|---|---|---|
| P/E (x) | 10.87 | |
| Promoter Holding | 99.88% | 72.89% |
| Market Cap | ₹17.82 Cr. | |
