Timescan Logistics (India) Limited IPO

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i. Timescan Logistics (India) Limited, 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.

ii. The company has also complied with the conditions of membership for World Cargo Alliance (WCA) and now become a member of World Cargo Alliance (WCA). World Cargo Alliance is the world’s largest and most powerful network of independent freight forwarders, which benefited the members in Global reach, Networking & events, Marketing & Promotions etc.

iii. The company provide complete range of services like Freight Forwarding (Sea freight & Air freight), Custom Clearance, Warehousing, Transportation, Multimodal Transportation, Project cargo, Third Party Logistics, Vessel Charter, Packaging, loading/unloading and unpacking of items to facilitate our customers with end-to-end solutions and other related value-added services.

iv. Company provide end-to-end safe mobility and delivery of items. Their job is to make sure that from raw material to finished goods sitting on the retail shelf, they provide the critical services and information necessary to give their clients a competitive advantage in the management of their supply chains.

v. Product Portfolio and Business Activity : 

SEA / AIR Freight Forwarding, Equipment Rentals / Turnkey Projects, Customs Clearance, ISO/ Flexi Tanks / Hazardous Cargo, Warehousing, NVOCC, Transportation, Third Party Logistics (3PL), Multimodal Transportation, Packaging / Palletization / Fumigation, Project Cargo / ODC Consignments, Vendor Management, Break Bulk / Heavy Lift, Door to Door Delivery, Vessel Charter / Chartering, Exhibition Cargo, FCL / LCL consolidation, Cargo Insurance

Competitive Strengths
i. Organisation stability, Rich management experience and skilled team
ii. Smooth flow of operations
iii. Well-defined organizational structure

Objects of the Timescan Logistics (India) Limited IPO:

The Issue includes a fresh Issue of 9,44,000 Equity Shares of the Company having face value of Rs. 10/- each at an Issue Price of ₹51/- per Equity Share aggregating to ₹481.44 Lakhs. The Objects of the Issue are: i. To meet the working capital requirements ii. To meet the Issue Expenses iii. General Corporate Purposes
DRHP of Timescan Logistics (India) Limited IPO
RHP of Timescan Logistics (India) Limited IPO

Timescan Logistics (India) Limited IPO Details:

Open Date: Dec 31 2021
Close Date: Jan 04 2022
Total Shares: 944,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 4.81 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 51 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 12 2022

Promoters And Management:

i. Moulana Taufeek Islam, aged about 42 years is having an experience of more than 15 years of in Shipping & Logistics Industry, Management of Cargo Company in the arena of international air, sea, and multimodal handling of transportation needs to and from any part of the world, Clearing and Forwarding Services, Advisory services with respect to customs department, warehousing Services etc. He has done his Master of science in Information Technology in the year 2003. In the year 2006, Mr. Taufeek, promoted this Logistics Company in the name and style of “Timescan Logistics”. Apart from this he has promoted few other entities which are into Transportation, Logistics and Infrastructure. Being a founder Promoter and Managing Director, Mr. Taufeek plays a key role in the overall management of the business affairs of the Company. ii. Mr. Jacob Anilkumar Bunga, aged about 48 years is having an experience of more than 10 years in Shipping Industry, Custom Clearance Services and Transportation Services. He has done his Master of Arts in the year 2000 and Masters of Business Administration in International Business in the year 2007. He has been associated with the company as a Director since October 2020 and promoted as Whole Time Director in October 2021. His main job responsibility is to ensure the efficient performance of all departments in the organization. He acts as a connecting link between the senior management and the employees. He provides motivation to the work force and make them realize the goals of the organization. He looks after the company’s daily routine and ensures efficiency iii. Mr. Sundarraj Arunkumar, aged about 40 years is having an experience of more than 15 Years in the field of Shipping Services, Freight Forwarding Services (Sea Freight and Air Freight), Vendor Management Services, logistics and transportation business. He has done his Bachelor of Business Administration in the year 2002. He has been associated with the company as a Director since May 2018 and promoted as Whole Time Director in October 2021. He is having a wide experience in the field of business of the company and his primary role is to ensure that the board is effective in its task of setting and implementing the company's direction and strategy. He plays a key role in providing guidance, direction for the growth of the Company.

Financials of Timescan Logistics (India) Limited IPO:

Particulars (in Lakhs) March-21 March-20 Mar 19
Revenue 9,951 6,507 6,387
Cost of services rendered 9,267 5,929 5,959
Employee Benefit Expenses 275 228 186
Other Expenses 203 198 113
Operating profit 206 152 129
OPM % 2% 2% 2%
Finance Cost 14 3 1
Depreciation 39 31 16
Other Income 25 2 5
Profit Before tax 230 154 134
Profit After Tax 124 79 83

Lead Manager of Timescan Logistics (India) Limited IPO:

  1. Finshore Management Services Limited

Registrar of Timescan Logistics (India) Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

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/

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