Transvoy Logistics India Limited IPO

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i. Transvoy Logistics is engaged in the business of integrated logistics solutions. Their key expertise includes NVOCC, Freight Forwarding, Custom Clearance, Transportation handlings locally as well as globally and Advisory on MEIS License Trading. The company’s primerily provide services to its client’s countries namely India, China, Middle East, Sri Lanka, Singapore and Malaysia.

ii. Company’s Core business can be divided in following categories:
a) Freight Forwarding
b) Customs Clearance
c) Allied Logistics and Transportation Services

iii. The company has wholly owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL). ASAPL is engaged in the business of providing services of custom clearing. They have recently formed a company in Singapore namely Transvoy Logistics PTE. Ltd. (Transvoy – Singapore) where the company holds 55% stake, making it company’s subsidiary. It is engaged in the business of providing services of non-vessel owning common carrier (NVOCC).

iv. The company’s Wholly-owned subsidiary, Aashirvad Shipping and Allied Private Limited, is a registered Custom House Broker with Custom Office – Kandala and authorised to transact business as Custom Broker all over India by the Custom Authority.

v. Transvoy Logistics products offerings can be classified in following major categories:

a. Ocean and Airfreight Forwarding
b. Third Party Project Cargo Handling
c. EXIM Transportation
d. Custom Clearance
e. Third Party Warehousing
f. Third Party Transportation
g. NVOCC (Non-Vessel Owner Common Carrier)

Competitive Strengths

i. Experienced Promoters and Management Team
ii. Well-defined organizational structure
iii.. Existing Supplier Relationship

 

 

Objects of the Transvoy Logistics India Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: i. To Meet Working Capital Requirements ii. Investment in Subsidiary for Purchase of Containers iii. General Corporate Purpose iv. To meet Public Issue Expenses  
DRHP of Transvoy Logistics India Limited IPO
RHP of Transvoy Logistics India Limited IPO

Transvoy Logistics India Limited IPO Details:

Open Date: Jan 20 2023
Close Date: Jan 24 2023
Total Shares: 720,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 5.11 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 71 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 02 2023

Promoters And Management:

i. Mr. Ravindrakumar Kumarchandra Joshi aged 53 years is Promoter- Chairman cum Managing Director of the Company. He was appointed as Non-Executive Director of the Company on July 30, 2015. There after he was appointed as Chairman and Managing Director of the company for the period of 5 (Five) years on August 03, 2022.He holds the Degree of Bachelor of Commerce from the Gujarat University. He is having Experience of more than 30 years in the field of Logistics Industry. ii. Mrs. Dipti Ravindrabhai Joshi aged 50 years is Promoter- Non-Executive Director of the Company. She was appointed as a Non-Executive Director of the Company on August 03, 2022 and liable to retire by rotation. She was appointed as a NonExecutive Director of the Company on July 30, 2015. iii. Mr. Naitik Ravindrakumar Joshi aged 27 years is Promoter-Whole Time Director & CFO of the Company. He was appointed as a Non-Executive Director of the Company on July 30, 2015. There after he was appointed as Whole-Time Director of the Company for the period of 5 (Five) years w.e.f. August 03, 2022. Holds the Degree of Family Managed Business from the SPJIMR Bhartiya Vidya Bhavan Mumbai. He is having experience of more than 2 years of experience in Logistics Industry  

Financials of Transvoy Logistics India Limited IPO:

Particulares ( In Lakh ) 2022 2021 2020
Revenue From Operations 503 62 43
Other Income 0 0 0
Total Revenue 503 62 43
Purchase of services 420 55 31
Changes in Inventories 0 0 0
Employees Benefit Expenses 0 2 9
Other Expenses 3 3 2
EBITDA 80 4 10
Depreciation and Amortisation 1 1 0
EBIT 79 3 10
OPM (%) 15.90% 6.45% 23.26%
Finance Cost 1 0 0
PBT 79 2 1
Tax 22 0 0
PAT 57 2 1
NPM (%) 11.33% 3.23% 2.33%
No. of Shares 26.63 26.63 26.63
EPS 2.14 0.08 0.04
 

Comparison With Peers:

Name of the Company Revenue (Cr) Profit (Cr) P/E EPS CMP Mcap (Cr)
Transvoy Logistics (India) Limited 5 0.57 33 2.14 71 19
Timescan Logistics (India) Limited 168 3 15.8 8.33 131 46
ABC India Limited 135 3 20 5.70 85 46
Maheshwari Logistics Limited 1033 17 15 4.50 68 202
Ritco Logistics Limited 587 16 17 9.00 150 366
Frontline Corporation Limited 72 1.45 6 4 26 13
 

Recommendation on Transvoy Logistics India Limited IPO:

Review and Recommendations of Transvoy Logistics India Limited IPO is 4/10 1. Transvoy is engaged in the business of integrated logistics solutions. NVOCC, Freight Forwarding, Custom Clearance, Transportation locally and globally, and MEIS License Trading are their specialties. Their promoters have 42+ years of logistics experience. 2. As of this Draft Prospectus, they primarily serve clients in India, China, the Middle East, Sri Lanka, Singapore, and Malaysia. 3. In keeping with worldwide trends, the company has outsourced business partners and vendors long ago, allowing it to offer a wide range of services at low prices. 4. Their core business: i). Freight Forwarding. ii). Customs Clearance. iii). Allied Logistics and Transportation Services. 5. They have a wholly owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL). ASAPL is engaged in the business of providing services of custom clearing. 6. They compete with organised and unorganised industry players with better financial, market, product, human, and other resources. Since their industry has many competitors and no entry barriers, they face competition from new entrants. 7. The Revenue has Increased from Rs.42 Lakhs in FY20 to Rs.5 Crore in FY22. 8. The EBITDA has Increased from 1 Lakh in FY20 to 79 Lakhs in FY22. 9. The PAT has Increased from 1 Lakh in FY20 to 56 Lakhs in FY22. 10. As per FY22, EPS is 2.12 , Market Capitalization is Rs.18 Crore & P/E is 33.35x . The IPO looks overvalued as compared to its peers.

Lead Manager of Transvoy Logistics India Limited IPO:

  1. Beeline Broking Limited

Registrar of Transvoy Logistics India Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Transvoy Logistics India Limited B-504, Mondeal Heights, B/S Novotel Hotel, S.G. Highway, Ahmedabad -380015 Phone: 079 – 29705456 Email: info@transvoy.com Website: http://www.transvoy.com/

Discussion on Transvoy Logistics India Limited IPO:

4 Comments

      Sir
      My humble request – The message may be useful to us a day before so that people like me can apply in time.
      Please share a day before closing day.
      Regards

      Reply

    Transvoy Logistics India Limited SME IPO final subscription –

    NII 130x
    Retail 124x

    Total Subscription 127x

    Reply

    Transvoy Logistics India Limited SME IPO Day 2 subscription –

    NII 4.46x
    Retail 14.20x

    Total Subscription 9.33x

    Reply

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