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Timescan Logistics (India) Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Timescan Logistics (India) Ltd IPO

Registered Office: Rajah Annamalai Bldg. 3rd Flr,18/3 Rukmani Laksh. Rd. Egmore , Chennai - 600008 , Tamil Nadu , India.
Phone : 91-044-43566000   Fax:
Email :  cs@timescan.in  
Website :  www.timescan.in
Initial public offer of 9,44,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Timescan Logistics (India) Limited (The "Company" or the "Issuer") for cash at a price of (Rs)51/- per equity share, including a share premium of (Rs)41/- per equity share (The "Issue Price"), aggregating to (Rs)4.81 crores ("The Issue"), of which 48,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)51/- per equity share, aggregating to (Rs)0.24. crores will be reserved for subscriptions by the market maker to the issue (The "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 8,96,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)51/- per equity share, aggregating to (Rs)4.57 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 27.02% and 25.64% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is (Rs)10/- each and the issue price is (Rs)51/- each i.e., 5.1 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
31-Dec-21 04-Jan-22 (Rs)51.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 4.81
Finshore Management Services Ltd
Project Financed through Current Offer 4.81  
Post Issue Equity Share Capital 3.49  
Issue Price (Rs)51.00  
 
Projects
Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Moulana Taufeek Islam  
Ayisha Beevi  
Listing At
NSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd