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Transvoy Logistics India IPO is a fixed price issue of Rs 5.11 crores. The issue is entirely a fresh issue of 7.2 lakh shares.
Transvoy Logistics India IPO bidding started from January 20, 2023 and ended on January 24, 2023. The allotment for Transvoy Logistics India IPO was finalized on Monday, January 30, 2023. The shares got listed on BSE SME on February 2, 2023.
Transvoy Logistics India IPO price is ₹71 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹113,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹227,200.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Transvoy Logistics India IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Transvoy Logistics India IPO is Sunflower Broking.
Refer to Transvoy Logistics India IPO RHP for detailed information.
| IPO Date | January 20, 2023 to January 24, 2023 |
| Listing Date | February 2, 2023 |
| Face Value | ₹10 per share |
| Price | ₹71 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 720,000 shares (aggregating up to ₹5.11 Cr) |
| Fresh Issue | 720,000 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,943,040 |
| Share holding post issue | 2,663,040 |
| Market Maker portion | 38,400 shares Sunflower Broking |
Transvoy Logistics India IPO offers 720,000 shares. 340,800 (47.33%) to NII, 340,800 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 38,400 (5.33%) |
| Other Shares Offered | 340,800 (47.33%) |
| Retail Shares Offered | 340,800 (47.33%) |
| Total Shares Offered | 720,000 (100%) |
Transvoy Logistics India IPO opens on January 20, 2023, and closes on January 24, 2023.
| IPO Open Date | Friday, January 20, 2023 |
| IPO Close Date | Tuesday, January 24, 2023 |
| Basis of Allotment | Monday, January 30, 2023 |
| Initiation of Refunds | Tuesday, January 31, 2023 |
| Credit of Shares to Demat | Wednesday, February 1, 2023 |
| Listing Date | Thursday, February 2, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |
| Lot Size Calculator | |||
Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai Joshi are the promoters of the company.
| Share Holding Pre Issue | 97.94% |
| Share Holding Post Issue | 71.46% |
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-
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 11.48 | 42.9 | 1.33 | 0.06 | -0.94 | 0 |
| 31-Mar-21 | 12.47 | 62.21 | 1.18 | 1.25 | 0.25 | 0 |
| 31-Mar-22 | 109.89 | 503.02 | 56.69 | 52.91 | 56.91 | 0.97 |
| 25-Nov-22 | 748.23 | 1048 | 34.48 | 229.49 | 35.19 | 141.3 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Transvoy Logistics India IPO is Rs 18.91 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 34.63 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] 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...
The Transvoy Logistics India IPO is subscribed 184.34 times on January 24, 2023 6:57:00 PM. The public issue subscribed 168.67 times in the retail category, times in the QIB category, and 200.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 200.00 |
| Retail | 168.67 |
| Total | 184.34 |
| Listing Date | February 2, 2023 |
| BSE Script Code | 543754 |
| NSE Symbol | |
| ISIN | INE0MPU01011 |
| Final Issue Price | ₹71 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹71.00 |
| ₹71.00 |
| ₹67.50 |
| ₹74.55 |
| ₹74.55 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: translogic.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Transvoy Logistics India IPO is a SME IPO of 720,000 equity shares of the face value of ₹10 aggregating up to ₹5.11 Crores. The issue is priced at ₹71 per share. The minimum order quantity is 1600 Shares.
The IPO opens on January 20, 2023, and closes on January 24, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Transvoy Logistics India IPO using UPI as a payment gateway. Zerodha customers can apply in Transvoy Logistics India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Transvoy Logistics India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Transvoy Logistics India IPO opens on January 20, 2023 and closes on January 24, 2023.
Transvoy Logistics India IPO lot size is 1600 Shares, and the minimum amount required is ₹113,600.
You can apply in Transvoy Logistics India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Transvoy Logistics India IPO will be done on Monday, January 30, 2023, and the allotted shares will be credited to your demat account by Wednesday, February 1, 2023. Check the Transvoy Logistics India IPO allotment status.
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