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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 […]
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:
- To meet working capital requirements
- Investment in subsidiary for purchase of containers
- General corporate purpose
- 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.
