Logistics company Total Transport Systems Limited IPO to open on July 25
DSIJ Intelligence / 21 Jul 2017
Logistics company Total Transport Systems Limited (TTSL), plans to raise around Rs 17 crore via an initial public offering (IPO) of 3.78 million shares, at Rs 45 a share.
Logistics company Total Transport Systems Limited (TTSL), plans to raise around Rs 17 crore via an initial public offering (IPO) of 3.78 million shares, at Rs 45 a share.
July 25 till July 28 is the duration when the issue will open for subscription and it plans to list its shares on the National Stock Exchange (NSE) Emerge platform.
On the financial front, the company reported a revenue of Rs 210 crore and net profit of Rs 6 crore in the last fiscal.
Sarthi Capital Advisors is the sole lead manager for the issue.
The company offers almost everything in logistics business keeping a focus on business activities like deconsolidation of import cargoes,consolidation of export cargoes, full container loads and air freight from India to worldwide destinations. TTSL's major clients include Reliance Group, Tata Group and DHL among others.
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