Timescan Logistics (India) was incorporated on October 19, 2006. It 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.
| Bidding Dates |
|---|
| 31 Dec 2021 - 04 Jan 2022 |
| Subscription |
|---|
| 115.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 944.0 K | ₹51 | 72.98 % | ₹48.1 M | RHP DOC |
Timescan Logistics IPO SUBSCRIPTION STATUS
04 Jan '22Timescan Logistics IPO overall subscription rate was 115.86 times the total available shares
Timescan Logistics IPO retail subscription rate was 90.34 times in the retail segment
Timescan Logistics IPO non-institutional investor subscription rate was 141.38 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
31 Dec 2021 (Day 1) | 1.71x | 1.59x | - |
03 Jan 2022 (Day 2) | 14.97x | 2.44x | - |
04 Jan 2022 (Day 3) | 90.34x | 141.38x | - |
Timescan 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) | Margins |
| Q1FY22 | 4.1 | 271.8 | 15.1 | 14.9 | 3.0% |
| FY21 | 12.5 | 995.1 | -4.5 | -10.8 | 2.3% |
| FY20 | 8.0 | 650.8 | 5.6 | 3.8 | 2.2% |
| FY19 | 8.3 | 638.8 | 7.2 | -7.7 | 2.1% |
Timescan Logistics IPO SUBSCRIPTION STATUS DETAILS
Timescan Logistics had 944.0 K shares on offer
Timescan Logistics IPO offer price was ₹51
Timescan Logistics IPO minimum Investment was ₹102000
Timescan Logistics IPO issue size was ₹ 48.1 M
Timescan Logistics had a minimum lot size of 2000 Shares per application
Timescan Logistics NUMBER OF SHARES ON OFFER
Timescan Logistics IPO IMPORTANT DATES
| Issue Open Date | 31 Dec 2021 |
| Issue close Date | 04 Jan 2022 |
| Allotment Date | 07 Jan 2022 |
| Refund Date | 10 Jan 2022 |
| Demat Account Credit Date | 11 Jan 2022 |
| Listing Date | 12 Jan 2022 |
| Listing on Exchange(s) | NSE |
| Timescan Logistics Allotment Status | Exchange |
Timescan Logistics IPO subscription opened on 31 Dec 2021, and closed on 04 Jan 2022
IPO allotment for Timescan Logistics was finalized on Friday, 07 Jan 2022
IPO listing for Timescan Logistics was on NSE on Wednesday, 12 Jan 2022
Timescan Logistics IPO LISTING GAINS
| Issue Price (adjusted) | 25.5 |
| Listing Open Price | 82.0 |
| Listing Close Price | 86.1 |
| Listing Gain% | 60.8% |
| Current Gain% | 64.7% |
Timescan 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Timescan Logistics (India) Ltd. | 42 | 14.7 | 4.8 | -0.1 | 0 | 19 | 8.4 | 341.2 | 32.2 | 6.2 | 5.5 | 8.8 | -47.3 |
| 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 |
Timescan Logistics INFORMATION ON IPO ISSUE
About Timescan Logistics
Timescan Logistics (India) was incorporated on October 19, 2006. It 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.
Object of the Issue
1.Working capital requirements.
2.General corporate purposes.
3.Issue expenditures.
Timescan Logistics - PROMOTERS
| Name |
|---|
| Moulana Taufeek Islam |
| Ayisha Beevi |
Timescan Logistics Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Timescan Logistics Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Timescan Logistics Strengths
Experienced management
Organisation stability, Rich management experience and skilled team
Smooth flow of operations
Over the years, the company has developed a wide clientele base and this was done with valued based relationship approach
Well-defined organizational structure
The company has a qualified and experienced management team empowered to take timely decision which makes the operations of business smoother and ensures efficiency in all aspects of operations.
Timescan Logistics Risks
Outstanding litigation
Promoters, promoters group and group company are party to certain litigation and claim
Negative cash flows
Company has had negative cash flow in the past
IPO FAQs
Timescan Logistics (India) Ltd. IPO listing opened at Rs 82.00 while the issue price was Rs 51.00 giving 60.78% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 25.50 giving 64.71% gains since its IPO listing.
The promoters of the company are Moulana Taufeek Islam and Ayisha Beevi.
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 51.0 - 51.0.
The IPO application opens on Dec 31, 2021 and closes on Jan 04, 2022.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Jan 07, 2022.
The refund will be credited to your account on Jan 10, 2022.
The allotted shares will be credited to your demat on Jan 11, 2022.
Timescan Logistics (India) Ltd.’s shares listed on the stock exchanges on Jan 12, 2022.