Market & News

Registered Office: Rajah Annamalai Bldg. 3rd Flr,18/3 Rukmani Laksh. Rd. Egmore, Chennai - 600008, Tamil Nadu, India.
Phone : 91-044-43566000   Fax:
Email :  cs@timescan.in  
Website :  www.timescan.in

Initial public offer of 9,44,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Timescan Logistics (India) Limited (The "Company" or the "Issuer") for cash at a price of Rs. 51/- per equity share, including a share premium of Rs. 41/- per equity share (The "Issue Price"), aggregating to Rs. 4.81 crores ("The Issue"), of which 48,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 0.24. crores will be reserved for subscriptions by the market maker to the issue (The "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 8,96,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 51/- per equity share, aggregating to Rs. 4.57 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 27.02% and 25.64% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is Rs. 10/- each and the issue price is Rs. 51/- each i.e., 5.1 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.