Timescan Logistics offers logistics services that involve land, air, and sea transportation. The company is a Multimodal Transport Operator that also offers third-party logistics providers. It has 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, and many more.
It is a registered custom house broker with Custom offices in Chennai, Vijaywada, and Mundra and also has a global reach. It has a comprehensive range of logistic solution services. It has a well-defined organizational structure and rich management infrastructure.
Company Promoters
- Moulana Taufeek Islam.
- Ayisha Beevi.
Objectives of the IPO
- Working capital requirements and general corporate purposes.
Timescan Logistics IPO Details
| IPO DETAILS | Timescan Logistics |
| Issue Period | Opening Date: Dec 31st, 2021 Closing Date: Jan 04th, 2022 |
| Price Band | ₹51 per equity share |
| Issue Size | 944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr) |
| Face Value | ₹10 per equity share |
| Issue Type | Fixed Price Issue IPO |
| Fresh Issue | 944,000 Eq Shares of ₹10 (aggregating up to ₹4.81 Cr) |
| Offer for sale | N/A |
| Listing | NSE SME |
| Registrar | Cameo Corporate Services Limited |
Timescan Logistics IPO Timeline
Timescan Logistics issue date, issue price, allotment date, and the listing date, and all the details are given below.
| IPO Opens | 31-12-2021 |
| IPO Ends | 04-01-2022 |
| Allotment Begins | 07-01-2022 |
| Refund Initiation | 10-01-2022 |
| Allotment Date | 11-01-2022 |
| Listing Date | 12-01-2022 |
Timescan Logistics Lot Size (Retail Individual Investors)
| Applications | Lots | Shares | Amount(Cut-off) |
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
Timescan Logistics IPO Review
Timescan logistics IPO is fully priced. It operates in a highly competitive and market with its financials dip being concerned. Declining and decreasing values of business with customers and suppliers is a concern. Small equity base post IPO sustainable strength in the mainboard raises questions. Risky investors may consider else avoid it.
Timescan Logistics IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
Timescan Logistics Book Running Lead Manager
- Finshore Management Services Limited
Company Contact Details
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/