Transvoy Logistics India Limited IPO : Highlights

Transvoy Logistics India Limited IPO is set to launch on 20 Jan., 2022. The company initiated its business operations in 2015. It deals with the integrated logistics solution business segment. Its major services include MEIS License Trading, NVOCC, Custom Clearance, Freight Forwarding and Transportation Handling. Its major operations are handled in India. However due to its business segment it also operates it has expanded itself to China, Sri Lanka, Middle East, Malaysia and Singapore. The company’s motto has been to provide best service to customers with highest quality since the initiation of business. 

The customers in the company are divided into three segments :- Customs Clearance, Freight Forwarding and Allied Logistics Transportation. Transvoy Logistics India Limited is a subsidiary of Aashirvad Shipping and Allied Private Limited. It has recently formed another company in Singapore under the name Trasnvoy Logitsics PTE which deals into NVOCC services.

Transvoy Logistics India Limited IPO DETAILS

Transvoy Logistics India Limited IPO is set to launch on 20 Jan., 2022. The subscription timeline extends till 24 Jan, 2023. The size for the IPO is 5.11 Crore Rs.. Shares issued through fresh issues are worth 5.11 Crore Rs. No shares are issued through Offer For Sale mode. The lot size is 1600 shares and the price is 71 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Link Intime India Private Limited. 

Tabular Description of Transvoy Logistics India Limited IPO

IPO OPENING DATE	20 Jan., 2022
CLOSING DATE FOR IPO	24 Jan, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	71 Rs. per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	5.11 Crore Rs.
OFFER FOR SALE	No shares offered through this mode
FRESH ISSUE	5.11 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	2 Feb, 2023

IMPORTANT DATES

IPO OPENING DATE	20 Jan., 2022
CLOSING DATE FOR IPO	24 Jan, 2023
IPO ALLOTMENT DATE	30 Jan, 2023
REFUNDS	31 Jan, 2023
DEMAT A/C CREDITED ON	1 Feb, 2023
IPO LISTING DATE	2 Feb, 2023

Transvoy Logistics India Limited IPO begins for subscription from 20 Jan., 2022. The IPO subscription would continue till 24 Jan, 2023. The allotment status for the shareholders who applied would come on 30 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on 31 Jan, 2023. The DEMAT accounts of shareholders would be credited on 1 Feb, 2023. The listing of the company would be accompanied on 2 Feb, 2023.

Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to  113600 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 227200 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	113600 Rs.
Maximum	3200 shares	227200 Rs.

OBJECTIVES FOR THE IPO

• For General corporate purposes.
• The funds can be used for working capital requirements.
• The IPO money would be used to fund the purchase of containers in its subsidiary company

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	Nov. 2022
ASSETS	8206
Revenue	1083
PAT	36

Transvoy Logistics India Limited has recorded an asset base of 8206 lakh Rs as of Nov. 2022. As per the financial figures available the company presented a revenue of 1083 Lakh Rs for the same time frame and the Profit after tax was in the range of 36 Lakh Rs. As per the other data the current net valuation of the company is put at 230 Lakh Rs and the Total Borrowing of the firm is 211 Lakh Rs.

PROS

• The company has set a fixed framework for its work and is actively focusing on 4 segments into its business cycle. Its major services include MEIS License Trading, NVOCC, Custom Clearance, Freight Forwarding and Transportation Handling.
• Its major operations are handled in India. However due to its business segment it also operates it has expanded itself to China, Sri Lanka, Middle East, Malaysia and Singapore.

CONS

• The company works in a highly competitive segment.

Transvoy Logistics India Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Transvoy Logistics India Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.