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
- A comprehensive range of logistic solution services.
- Wide clientele base.
- Organization stability and rich management experience.
- Well-defined organizational structure.
- Customer-centric services and ISO 9001:2015 certified.
Company Promoters:
Mr. Moulana Taufeek Islam and Mrs. Ayisha Beevi are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Lakh) | |||
|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-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 |
| Profit After Tax | 40.85 | 124.91 | 79.50 | 83.07 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following objectives;
- Working capital requirements.
- General corporate purposes.
- Issue expenditures.
Timescan Logistics IPO Details
| IPO Opening Date | Dec 31, 2021 |
| IPO Closing Date | Jan 4, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr) |
| Fresh Issue | 944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr) |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Timescan Logistics IPO Lot Size
The Timescan Logistics IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
Company Contact Information
Timescan Logistics (India) Limited
Rajah Annamalai Buildings, Annex 3rd Floor,
18/3, Rukmani Lakshmipathy Road, (Marshalls Road)
Egmore, Chennai -600 008
Phone: 044 – 4356 6000
Email: cs@timescan.in
Website: http://www.timescan.in/
Timescan Logistics IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/