January 27, 2023
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Transvoy Logistics India IPO Analysis at Chanakyanipothi.com
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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
Transvoy Logistics IPO Grey Market updates
Observations: (?)
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Transvoy Logistics India IPO Guidance:
Will be updated soon
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 www.transvoy.com
| 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 | |
| Forms | ||
| 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 |
| BEELINE CAPITAL ADVISORS Pvt Ltd |
| Registrar to the IPO |
| Link Intime India Pvt Ltd. |
| Transvoy Logistics IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in 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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