Transvoy Logistics India was incorporated on July 30, 2015. The company is engaged in the business of integrated logistics solutions. Its areas of expertise are NVOCC, freight forwarding, customs clearance, transportation handlings (locally as well as globally), and advisory on MEIS license trading.
| Bidding Dates |
|---|
| 20 Jan 2023 - 24 Jan 2023 |
| Subscription |
|---|
| 184.18x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,13,600 | 1 | 1 | 1600 | 720.0 K | ₹71 | 72.96 % | ₹51.1 M | RHP DOC |
Transvoy Logistics IPO SUBSCRIPTION STATUS
24 Jan '23Transvoy Logistics IPO overall subscription rate was 184.18 times the total available shares
Transvoy Logistics IPO retail subscription rate was 168.38 times in the retail segment
Transvoy Logistics IPO non-institutional investor subscription rate was 199.98 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Jan 2023 (Day 3) | 168.38x | 199.98x | - |
23 Jan 2023 (Day 2) | 21.65x | 6.66x | - |
20 Jan 2023 (Day 1) | 1.57x | 0.43x | - |
Transvoy Logistics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Period ended November 25, 2022 |
3.4 | 104.8 | -9.5 | -12.3 |
| FY22 | 5.7 | 50.3 | 0.8 | 0.8 |
| FY21 | 0.1 | 6.2 | 0.4 | 0.2 |
| FY20 | 0.1 | 4.3 | 0.3 | 0.3 |
Transvoy Logistics IPO SUBSCRIPTION STATUS DETAILS
Transvoy Logistics had 720.0 K shares on offer
Transvoy Logistics IPO offer price was ₹71
Transvoy Logistics IPO minimum Investment was ₹113600
Transvoy Logistics IPO issue size was ₹ 51.1 M
Transvoy Logistics had a minimum lot size of 1600 Shares per application
Transvoy Logistics NUMBER OF SHARES ON OFFER
Transvoy Logistics IPO IMPORTANT DATES
| Issue Open Date | 20 Jan 2023 |
| Issue close Date | 24 Jan 2023 |
| Allotment Date | 30 Jan 2023 |
| Refund Date | 31 Jan 2023 |
| Demat Account Credit Date | 01 Feb 2023 |
| Listing Date | 02 Feb 2023 |
| Listing on Exchange(s) | BSE |
| Transvoy Logistics Allotment Status | Exchange |
Transvoy Logistics IPO subscription opened on 20 Jan 2023, and closed on 24 Jan 2023
IPO allotment for Transvoy Logistics was finalized on Monday, 30 Jan 2023
IPO listing for Transvoy Logistics was on BSE on Thursday, 02 Feb 2023
Transvoy Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 71.0 |
| Listing Open Price | 71.0 |
| Listing Close Price | 74.5 |
| Listing Gain% | 0.0% |
| Current Gain% | 25.4% |
Transvoy Logistics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transvoy Logistics India Ltd. | 89 | 23.7 | 13.6 | -2.1 | 0.4 | 7 | 3.4 | 64.9 | 82.5 | 1.7 | -6.5 | 6.5 | -6.5 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Transvoy Logistics INFORMATION ON IPO ISSUE
About Transvoy Logistics
Transvoy Logistics India was incorporated on July 30, 2015. The company is engaged in the business of integrated logistics solutions. Its areas of expertise are NVOCC, freight forwarding, customs clearance, transportation handlings (locally as well as globally), and advisory on MEIS license trading.
Object of the Issue
- To meet working capital requirements
- Investment in a subsidiary for the purchase of containers
- General corporate purpose
- To meet public issue expenses
Transvoy Logistics - PROMOTERS
| Name |
|---|
| Ravindrakumar Kumarchandra Joshi |
| Naitik Ravindrakumar Joshi |
| Dipti Ravindrabhai Joshi |
Transvoy Logistics Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Transvoy Logistics Registrar to the Issue
Link Intime India Private Limited
translogic.ipo@linkintime.co.in
Transvoy Logistics Strengths
Experienced promoters
The management is experienced in the industry in which the company operates and has been responsible for its growth. Promoters have adequate experience in the line of business undertaken by the company
Well-defined organizational structure
The company has a qualified and experienced management team empowered to take timely decisions. It makes the operations of the business smoother and ensures efficiency in all aspects of the operations
Asset-light business model
The company is structured on a unique business model with a service-centric approach. It is an asset-light company, which gives it an advantage during the selection of suppliers
Scalable business model
The company's business model is customer-centric and order-driven. It requires optimum utilisation of the existing resources, assuring quality supply and achieving consequent economies of scale
Transvoy Logistics Risks
Tax proceedings
At present, one of the subsidiaries is involved in tax proceedings and actions by a statutory authority which is currently pending at various stages
No long-term contracts with dealers
The company does not have any long-term contracts with dealers/consignment agents and suppliers, which may adversely affect the results of operations
Business depends on overseas agents
The freight forwarding business depends on a network of overseas agents to fulfil customers' needs
IPO FAQs
The promoters of the company are Ravindrakumar Kumarchandra Joshi, Naitik Ravindrakumar Joshi and Dipti Ravindrabhai Joshi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 71.0 - 71.0.
The IPO application opens on Jan 20, 2023 and closes on Jan 24, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 113,600.0, the maximum value for this IPO is Rs 113,600.0.
This IPO will be allotted on Jan 30, 2023.
The refund will be credited to your account on Jan 31, 2023.
The allotted shares will be credited to your demat on Feb 01, 2023.
Transvoy Logistics India Ltd.’s shares listed on the stock exchanges on Feb 02, 2023.