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10 Oct 2024
Transvoy Logistics India Limited
Complete logistics solutions are offered by Transvoy Logistics India Limited, a 2015 incorporation. In addition to other services, the company offers NVOCC, Freight Forwarding, Customs Clearance, Transportation handling, and guidance on the trading of MEIS licences.
The Middle East, Singapore, Sri Lanka, China, and Malaysia are among the overseas markets that Transvoy Logistics has started to enter. However, India remains its main market. While keeping the highest level of service quality, they make an effort to suit the needs of the customers.
The following vistas are covered for the company's clients:
1. Freight Forwarding
2. Customs Clearance
3. Allied Logistics and Transportation Services
Transvoy also conducts business through its fully owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL), which provides custom clearing services. To offer non-vessel owning common carrier (NVOCC) services, Transvoy Logistics India Limited established Transvoy Logistics PTE. Ltd. in Singapore as a subsidiary.
Company Financials
Transvoy Logistics India Limited Financial Information (Standalone)
| Period Ended | Total Assets | Total Revenue |
|---|---|---|
| 31-Mar-20 | 11.48 | 42.9 |
| 31-Mar-21 | 12.47 | 62.21 |
| 31-Mar-22 | 109.89 | 503.02 |
| 25-Nov-22 | 748.23 | 1048 |
| Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|
| 1.33 | 0.06 | 0 |
| 1.18 | 1.25 | 0 |
| 56.69 | 52.91 | 0.97 |
| 35.67 | 229.49 | 141.3 |
Objects of the Issue
The proceeds from the most recent issue will go toward the following goals:
To Meet Working Capital Requirements
1. Investment in Subsidiary for Purchase of Containers
2. General Corporate Purpose
3. 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 | 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. The company is promoted by Dipti Ravindrabhai Joshi. |
Transvoy Logistics India IPO Tentative Timetable
The IPO for Transvoy Logistics India begins on January 20 and ends on January 24, 2023. The bid period for Transvoy Logistics India's IPO is from January 20, 2023, 10 a.m., through January 24, 2023, 5 p.m. UPI Mandate confirmation must be obtained by 5 PM on the day the issue of the issue's conclusion.
| 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 |
Objects of the Issue
The following objects will be funded with the help of the net proceeds, according to the company:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |
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