Incorporated in 2015, Transvoy Logistics India Limited is engaged in the business of integrated logistics solutions. The company offers services like NVOCC, Freight Forwarding, Custom Clearance, Transportation handling, and Advisory on MEIS License Trading.
Transvoy Logistics India operates primarily in India along with expanding to different parts of the world including Sri Lanka, China, Malaysia, Middle East, and Singapore. They maintain highest quality in the service and strive at satisfying the requirements of the customers.
The customers of the company are catered in the following horizons-
- Freight Forwarding
- Customs Clearance
- Allied Logistics and Transportation Services
Transvoy also operates through its wholly-owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL) which offers custom clearing services. Recently, Transvoy Logistics India Limited formed another company in Singapore with the name Transvoy Logistics PTE. Ltd engaged in the non-vessel owning common carrier (NVOCC) services.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 11.48 | 42.9 | 1.33 | 0.06 | 0 |
| 31-Mar-21 | 12.47 | 62.21 | 1.18 | 1.25 | 0 |
| 31-Mar-22 | 109.89 | 503.02 | 56.69 | 52.91 | 0.97 |
| 25-Nov-22 | 748.23 | 1048 | 35.67 | 229.49 | 141.3 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- Investment in Subsidiary for Purchase of Containers
- General Corporate Purpose
- To meet Public Issue Expenses
Transvoy Logistics India IPO Details
| IPO Date | Jan 20, 2023 to Jan 24, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹71 per share |
| Lot Size | 1600 Shares |
| Issue Size | 720,000 shares of ₹10 (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 720,000 shares of ₹10 (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of Net Issue |
| Retail Shares Offered | 50% of Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| Company Promoters | Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai Joshi are the promoters of the company. |
Transvoy Logistics India IPO Tentative Timetable
Transvoy Logistics India IPO opens on Jan 20, 2023, and closes on Jan 24, 2023. The Transvoy Logistics India IPO bid date is from Jan 20, 2023 10.00 A.M. to Jan 24, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 20, 2023 |
| Closing Date | Jan 24, 2023 |
| Basis of Allotment | Jan 30, 2023 |
| Initiation of Refunds | Jan 31, 2023 |
| Credit of Shares to Demat | Feb 1, 2023 |
| Listing Date | Feb 2, 2023 |
Transvoy Logistics India IPO Lot Size
The Transvoy Logistics India IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹113,600).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |
Transvoy Logistics India IPO Promoter Holding
| Pre Issue Share Holding | 97.94% |
| Post Issue Share Holding | 71.46% |
Transvoy Logistics India IPO Review
The company is in a highly competitive segment. Its financial track record so far is not in line with the asking price. Based on its recent earnings, the issue appears aggressively priced. Longer gestation for migration to the mainboard due to tiny paid-up equity capital post IPO also raises concern. There is no harm in skipping this pricey issue. Read detail review…
Transvoy Logistics India IPO Subscription Status (Bidding Detail)
The Transvoy Logistics India IPO is subscribed 0.02 times on Jan 20, 2023 10:27:00 AM. The public issue subscribed 0.04 times in the retail category, times in the QIB category, and 0.00 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.00 |
| Retail | 0.04 |
| Total | 0.02 |
Transvoy Logistics India IPO Prospectus
ating:
Company Contact Information
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/
Transvoy Logistics India IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: translogic.ipo@linkintime.co.in
Website: https://linkintime.co.in/