Transvoy Logistics India Limited brings its IPO of Rs 511.20 lakhs Issue opens on the 20th of January, 2023

New Delhi (India), January 21: Transvoy Logistics India Limited, engaged in the business of integrated logistics solutions brings its IPO of Rs 511.20 lakhs for 720,000 shares. The face value per share is Rs 10 and the equity price per share is Rs 71. The lot size is 1600 shares. Out of 720,000 shares, 340,800 shares are reserved for the HNI quota, 340,800 shares under retail quota and 38,400 shares are reserved for the market maker quota. The issue opens on Friday, the 20th of January and closes on the 24th of January, 2023. It will subsequently be listed on BSE SME platform. The lead manager to the issue is Beeline Capital Advisors Private Limited and the registrar to the issue is Link Intime India Private Limited.

The issue proceeds from the Issue will be utilized towards the following:

  1. To meet working capital requirements
  2. Investment in subsidiary for purchase of containers
  3. General corporate purpose
  4. To meet public issue expenses

Incorporated in 2015, Transvoy Logistics India Limited is engaged in the business of integrated logistics solutions. The company offers services like NVOCC, Freight Forwarding, Custom Clearance, Transportation handling, and Advisory on MEIS License Trading.

The core business of the company is

  1. Freight Forwarding
  2. Customs Clearance
  3. Allied Logistics and Transportation Services

Transvoy Logistics India operates primarily in India along with expanding to different parts of the world including Sri Lanka, China, Malaysia, Middle East, and Singapore. They maintain the highest quality in the service and strive at satisfying the requirements of the customers. They primarily provide services to clients in countries namely India, China, Middle East, Sri Lanka, Singapore and Malaysia. 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. The company has recently formed a company in Singapore namely Transvoy Logistics PTE. Ltd. (Transvoy – Singapore) where the company holds 55% stake. It is engaged in the business of providing services of non-vessel owning common carrier (NVOCC).

The company has registered impressive growth financially. Its total revenue in FY22 was Rs 503.02 lakhs as compared to Rs 62.21 lakhs in FY2021 and Rs 42.90 lakhs in FY2020. Its profit before tax was Rs 78.77 lakhs in FY2022 as compared to Rs 1.45 lakhs in FY2021 and Rs 1.22 lakhs in FY2020.

Mr. Ravindrakumar Kumarchandra Joshi, Mr. Naitik Ravindrakumar Joshi and Mrs. Dipti Ravindrabhai Joshi are the promoters of the company. They have a combined experience of more than 42 years in the logistics industry.

If you have any objection to this press release content, kindly contact to notify us. We will respond and rectify the situation in the next 24 hours.

2 thoughts on “Transvoy Logistics India Limited brings its IPO of Rs 511.20 lakhs Issue opens on the 20th of January, 2023

Leave a Reply

Your email address will not be published.


India’s one of the largest solar module Manufacturer Rayzon Solar now to produce solar modules in USA

New Delhi (India), March 29: A company incorporated in 2017 with a team of 5 people, today employing more than 1000 people, Rayzon Solar is ranked amongst the top 10 solar panel manufacturers in India. Mr. Chirag Nakrani along with Mr. Hardik Kothiya are Founder and Managing Directors of Rayzon Solar. They had started with […]

Read More

10 Best Cardiologists of India Advices on How to Prevent Heart Attack

New Delhi (India), March 29: In our daily lives, there are many factors that contribute towards unhealthy lifestyle and stressful days. They may lead you to the early risk of having heart attack. However, prevention of heart failure or heart attack can help you lead a long life. Here are some top cardiologists sharing their […]

Read More

Why Losing Final Kgs is hard to Lose?

By Yash Vardhan Swami, Health Coach, Business Coach, Founder, Trained by YVS New Delhi (India), March 29: Learn what to keep in mind ! So many of us ‘almost reach our fat loss goal’ but never completely reach our ‘end goal’. Let’s talk about why:  Losing the final Kgs is hard and how to work […]

Read More