Timescan Logistics SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- Listing date
- 12 Jan 2022
- Face value
- ₹10 per share
- Issue price
- ₹51 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹4.81 Cr
- Market cap at offer price
- ₹17.82 Cr
- Promoter holding
- 99.94% → 72.94% pre-issue → post-issue
- ISIN
- INE0IJY01014
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Finshore Management Services Ltd.
- Registered office
- Rajah Annamalai Buildings, Annex 3rd Floor, 18/3, Rukmani Lakshmipathy Road, (Marshalls Road), Egmore, Tamil Nadu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 48,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹51
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,02,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,04,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,18,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,20,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹17.82 Cr |
About Timescan Logistics SME
Incorporated on October 19, 2006 in Chennai as 'Timescan Logistics Private Limited', renamed 'Timescan Logistics (India) Private Limited' in 2012 and converted into a public limited company in July 2021, Timescan Logistics (India) Limited was founded and promoted by Mr. Moulana Taufeek Islam (Managing Director) and his mother Mrs. Ayisha Beevi. It began as a custom clearance agent in 2006 and moved across domains, geographies and industries to offer a gamut of logistics services: sea and air freight forwarding, customs broking (registered Custom House Broker with customs offices at Chennai, Vijayawada and Mundra), warehousing (an approx. 16,354 sq.ft. warehouse taken on sub-lease under the Free Trade Warehousing Zone of JMD Chennai SEZ), surface transportation (the company owns 21 container trailers), multimodal transportation (registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993 with the Directorate General of Shipping), project cargo/ODC, break bulk/heavy lift, vessel chartering, FCL/LCL consolidation, ISO tank/flexi-tank and hazardous cargo handling, NVOCC, third-party logistics (C&F agency), vendor management, door-to-door delivery, exhibition cargo and cargo insurance. The company operates on an asset-light model, booking vessel, container and aircraft capacity from third parties supplemented by its own fleet, and earns revenue by charging customers for these freight, clearance, warehousing and transport services, with all revenue classified as either export-related (FY2020-21: Rs. 753.87 Lakhs) or import-related (FY2020-21: Rs. 9,197.40 Lakhs); FY2020-21 revenue from operations was Rs. 9,951.27 Lakhs with profit after tax of Rs. 124.91 Lakhs, generated by around 35 employees.
Company Analysis
from RHPTimescan Logistics (India) Limited is a Chennai-based, ISO 9001:2015-certified logistics company operating as a Multimodal Transport Operator and Third-Party Logistics (3PL) provider spanning sea and air freight forwarding, customs clearance, warehousing and land transportation.
Incorporated on October 19, 2006 in Chennai as 'Timescan Logistics Private Limited', renamed 'Timescan Logistics (India) Private Limited' in 2012 and converted into a public limited company in July 2021, Timescan Logistics (India) Limited was founded and promoted by Mr. Moulana Taufeek Islam (Managing Director) and his mother Mrs. Ayisha Beevi. It began as a custom clearance agent in 2006 and moved across domains, geographies and industries to offer a gamut of logistics services: sea and air freight forwarding, customs broking (registered Custom House Broker with customs offices at Chennai, Vijayawada and Mundra), warehousing (an approx. 16,354 sq.ft. warehouse taken on sub-lease under the Free Trade Warehousing Zone of JMD Chennai SEZ), surface transportation (the company owns 21 container trailers), multimodal transportation (registered Multimodal Transport Operator under the Multimodal Transportation of Goods Act, 1993 with the Directorate General of Shipping), project cargo/ODC, break bulk/heavy lift, vessel chartering, FCL/LCL consolidation, ISO tank/flexi-tank and hazardous cargo handling, NVOCC, third-party logistics (C&F agency), vendor management, door-to-door delivery, exhibition cargo and cargo insurance. The company operates on an asset-light model, booking vessel, container and aircraft capacity from third parties supplemented by its own fleet, and earns revenue by charging customers for these freight, clearance, warehousing and transport services, with all revenue classified as either export-related (FY2020-21: Rs. 753.87 Lakhs) or import-related (FY2020-21: Rs. 9,197.40 Lakhs); FY2020-21 revenue from operations was Rs. 9,951.27 Lakhs with profit after tax of Rs. 124.91 Lakhs, generated by around 35 employees.
Objects of the Issue
- To meet the working capital requirements Rs. 414.64 Lakhs (86.13% of issue size) p.51
- General corporate purposes Rs. 30.00 Lakhs p.52
- To meet the Issue Expenses (issue related expenses) Rs. 36.80 Lakhs p.52
Issue Structure
- Total Issue
- Initial Public Issue of 9,44,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per Equity Share (including share premium of Rs. 41/- per Equity Share), aggregating to Rs. 481.44 Lakhs
- Fresh Issue
- 9,44,000 Equity Shares aggregating to Rs. 481.44 Lakhs (entire Issue is a fresh issue)
- Lot Size
- Minimum 2,000 Equity Shares
- Face Value
- Rs. 10/- each
Business Model
Asset-light, fee/freight-based logistics model: Timescan earns revenue by providing sea & air freight forwarding, customs clearance, warehousing, surface transportation and multimodal transport services to importers and exporters, purchasing container/vessel/aircraft capacity from third parties (shipping lines, air carriers) while using its own 21 container trailers for inland haulage; every transaction is categorised based on its ultimate nature as either export revenue or import revenue.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Moulana Taufeek Islam | Promoter (Managing Director) | 60.00% | 43.79% |
| Ayisha Beevi | Promoter | 39.88% | 29.11% |
| A M Benasir Begum | Promoter Group | 0.02% | 0.01% |
| S Ashik Mohideen | Promoter Group | 0.02% | 0.01% |
| S Mohammed Halid | Promoter Group | 0.02% | 0.01% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.