Timescan Logistics (India) Limited IPO : SME IPO Issue opens Dec 31, 2021
Timescan Logistics is a Multimodal Transport Operator that offers logistics services involving land, air, and sea transportation and third-party logistics provider. The business provides a complete range of transport and freight-related services like Freight Forwarding (Sea and Air), Customs Clearance, Warehousing, Transportation, Multimodal transportation, Project Cargo, Vessel Charter, packaging, loading/unloading, etc. It is a registered custom house broker with Custom offices - Chennai, Vijaywada, and Mundra and also a member of the World Cargo Alliance for its global reach. The business also has a 16,354 Sq. ft warehouse on long-term lease under Free Trade Warehousing Zone of JMD Chennai SEZ.
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following objectives;
Working capital requirements.
General corporate purposes.
Issue expenditures.
Strengths:
A comprehensive range of logistic solution services.
Wide clientele base.
Organization stability and rich management experience.
Well-defined organizational structure.
Customer-centric services and ISO 9001:2015 certified.
Company Promoters:
Mr. Moulana Taufeek Islam and Mrs. Ayisha Beevi are the company promoters.
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