Transvoy Logistics IPOTransvoy Logistics India IPO Analysis at
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    Transvoy Logistics India IPO Subscription Status

    # On 24 January 2022 @ 5.00 pm (Closed)
    NII:     340800 Shares, 200.00T
    RII:      340800 Shares, 168.67T
    Total:  681600 Shares  184.34T


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    Transvoy Logistics India IPO Guidance:
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    Transvoy Logistics India: Company Details

    The Company is engaged in the business of integrated logistics solutions. Its key expertise includes NVOCC, Freight Forwarding, Custom Clearance, Transportation handlings locally as well as globally and Advisory on MEIS License Trading. It provides services to its clients in the countries namely India, China, Middle East, Sri Lanka, Singapore and Malaysia.
    The promoters have a combined experience of more than 42 years in logistics industry. Driven by the passion for building an integrated logistics company, backed by their experience, the Promoters have been the pillars of its Company’s growth and have built a strong value system for its Company. With their enriching experience and progressive thinking, it aims to continue to grow in logistics industry.

    The Company realizes that clients have specific requirements with regards to their shipments. It therefore spends considerable time with clients individually to understand their specific requirements. In line with the global trend the company had already taken sufficient initiatives long ago to outsource business partners and vendors, thereby being able to provide a wide range of services at economical costs.

    It has wholly owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL). ASAPL is engaged in the business of providing services of custom clearing. It has recently formed a company in Singapore namely Transvoy Logistics PTE. Ltd. where the company holds 55% stake, making it its subsidiary. It is engaged in the business of providing services of non-vessel owning common carrier (NVOCC).
    For more information about the company, Click

    Transvoy Logistics India IPO Details
    IPO opens on   20 January 2023
    IPO closes on   24 January 2023
    Issue Type Book Built Issue IPO
    Issue Size 720000 Sh /Rs 5.11 Cr
    * Fresh Issue 720000 Sh /Rs 5.11 Cr
    * Offer for Sale  – Shares /Rs (?)Crore
    Face Value per share: Rs. 10
    Price Band Rs.71
    Employee discount  Rs. 0 per share
    Retail Lot Size  1600 Shares
    Listing will at  BSE Sme
    Shares offered to
      Shares Rs. (Cr)
    QIB (0 %) 
    NII (50 %)  340800 2.42
    RII (50 %) 340800 2.42
    Total Shares  681600 4.84
    Retail portion will be oversubscribed by  213
    How much Shares to Apply?
    Min Retail Application 1600 Sh Rs. 113600
    Max Retail Application  3200 Sh Rs. 227200

    Promoters of the IPO
    Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai Joshi

    Objects of the IPO:
    1.To Meet Working Capital Requirements
    2. Investment in Subsidiary for Purchase of Containers

    Transvoy Logistics IPO Tentative timetable
    IPO opens on  20 January 2023
    IPO Closes on  24 January 2023
    IPO Allotment on   30 January 2023
    Unblocking of ASBA   31 January 2023
    Credit of Shares  01 February 2023
    Listing on  02 February 2023
    Registered Office of Transvoy Logistics India
    B-504, Mondeal Heights, B/S Novotel Hotel, S.G. Highway, Ahmedabad -380015, Gujarat, India
    IPO Lead Managers 
    Registrar to the IPO
    Link Intime India Pvt Ltd.
    Transvoy Logistics IPO Financial & Analytical Ratios
    Year Total Income Net Profit EPS RoNW Cr Cr Rs. %
    2019-20 0.43 0.01 0.24 2183
    2020-21 0.62 0.01 0.22 95.11
    2021-22  5.03 0.56 10.31 107.1
    Book Value of the Share on 31.03.2022 Rs.10.17    
    Book Value of the Share after the IPO Rs.    
    Offer Price   Rs. 71    
    Ratio Analysis
    Upper Price/last EPS 7
    Upper price/BV Ratio 7
    Upper price/BV after IPO   

    Transvoy Logistics IPO Peer Comparison: 

    as on the date of DRHP Its PE Ratio
    IPO company 7
    Timescan Logistics 10.86
    ABC India 15.59
    Maheswari Logistics 13.79
    Ritco Logistics 29.72
    Frontline Corporation 7.71

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