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  • Writer's pictureJatin Agarwal

Transvoy Logistics IPO



Company and IPO Overview


Incorporated in 2015, Transvoy Logistics India Ltd is engaged in the business of integrated logistics solutions. Its key expertise include NVOCC, Freight Forwarding, Custom Clearance, Transportation handling locally as well as globally and advisory on MEIS License Trading. As on the date of this prospectus, it primarily provides services to its clients in India, China, Middle East, Sri Lanka, Singapore and Malaysia.


The company’s core business can be divided in following categories:

· Freight Forwarding,

· Customs Clearance,

· Allied Logistics and Transportation Services.


The company has a wholly owned subsidiary Aashirvad Shipping & Allied Private Limited (ASAPL). ASAPL is engaged in the business of providing services of custom clearing. They have recently formed a company in Singapore namely Transvoy Logistics PTE. Ltd. (Transvoy – Singapore) where the company holds 55% stake, making it company’s subsidiary. It is engaged in the business of providing services of non-vessel owning common carrier (NVOCC). The company’s Wholly-owned subsidiary, Aashirvad Shipping and Allied Private Limited, is a registered Custom House Broker with Custom Office – Kandala and authorised to transact business as Custom Broker all over India by the Custom Authority.


Transvoy Logistics India Ltd IPO is a SME IPO. The company will raise ₹5.11 Crores through this IPO under the 7, 20,000 Equity Shares public issue. And the offer is 100% Fixed Price Issue. The company has reserved a quota of 50% for NII and 50% for Retail Investors in this IPO. The Transvoy Logistics IPO price band is fixed at ₹71 with a market lot of 1600 shares.


Financials (rounded off)

Date

Total Revenue (₹ in cr)

​​​PAT (₹ in cr)

​31/03/2020

0.43

0.01

31/03/2021

0.62

0.01

31/03/2022

5.03

0.57

Objectives of the Issue


· To Meet Working Capital Requirements

· Investment in Subsidiary for Purchase of Containers

· General Corporate Purpose

· To meet Public Issue Expenses


IPO Details

IPO Date

20/01/2023-24/01/2023

Face Value

₹10 per share

IPO Price Band

₹71 per share

IPO Lot Size

1600 Shares

Listing at

BSE SME

Basis of Allotment

30/01/2023

Credit of Shares in Demat

01/02/2023

Listing Date

02/02/2023

Pre-Issue Shareholding

97.94%

Post-Issue Shareholding

71.46%

Retail Minimum Lot Size

1600 shares (₹1,13,600)


Crisp Insights:


· They compete with organized and unorganized industry players with better financial, market, product, human, and other resources. Since their industry has many competitors and no entry barriers, they face competition from new entrants.

· As per FY22, EPS is 2.12, Market Capitalization is Rs.18 Crore & P/E is 33.35x. The IPO looks overvalued as compared to its peers.

· Core Competitive Strengths of the Company are: Experienced Promoters and Management Team, Well-defined organizational structure and Existing Supplier Relationship.

· The GMP is around Rs. 20 as on 23/01/2023.


Disclaimer: All information is provided for educational and informational purpose only. Data is fetched from publicly available sources such as the DRHP filed by the company. The website or the author takes no guarantee for the accuracy of the data however, we have tried our best to present accurate data to out readers. Please consult a financial advisor or do your own analysis before investing/trading in the stock market.


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