Basis of Allotment

(This is only an advertisement for information purposes and not a prospectus announcement)

wpeE1.jpg (1555 bytes) TIMESCAN LOGISTICS (INDIA) LIMITED

Our Company was originally incorporated as "Timescan Logistics Private Limited" on October 19, 2006 vide certificate of incorporation bearing Corporate Identity No. U60232TN2006ITC061351 under the provisions of Companies Act, 1956 issued by the Registrar of Companies, Tamil Nadu, Chennai. Subsequently, name of the company changed to "Timescan Logistics (India) Private Limited" vide fresh certificate of incorporation dated May 28, 2012. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by ROC-Chennai, consequent upon conversion from Private Limited to Public Company dated July 02, 2021 in the name of "Timescan Logistics (India) Limited". The Corporate Identification Number of our Company changed to U60232TN2006PLC061351. For further details, please refer to section titled "Our History and Certain Corporate Matters" beginning on page no 93 of the Prospectus.

Registered office: Rajah Annamalai Buildings, Annex 3rd Floor,18/3, Rukmani Lakshmipathy Road, (Marshalls Road), Egmore, Chennai - 600 008, India.
Contact Person: Ms. S Anupriyankha, Company Secretary & Compliance Officer; Tel No.: 044 - 4356 6000 E-Mail: cs@timescan.in;
Website: www.timescan.in; CIN: U60232TN2006PLC061351
OUR PROMOTERS: Mr. MOULANATAUFEEK ISLAM ANI) Mrs. AYISHA BEEVI
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 9,44,000 EQUITY SHARES OF VACE 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 481.44 LAKHS ("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 RS24.48 LAKHS WILL BE RESERV ED 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 EQU ITY SHARE, AGGREGATING TO RS 456.96 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.02% AND 25.64% RESPECTIVELY OFTHE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OFTHE COMPANY.

THIS OFFER IS BEING MADE IN TERMS OFCHAPTERIX OFTHE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIRMENT) REGULATIONS, 2018 (THE "SEBI ICDR REGULATIONS") READ WITH RULE 19(2Xb)(i) OF SCRR AS AMENDED. THIS ISSUE ISA FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018. (For further details please see "The Issue" beginning on page no. 30 of the Prospectus.)

THE FACE VALLE OFTHE EQUITY SHARES IS RS 10/- EACH AND
THE ISSUE PRICE IS RS 51/- EACH
THE ISSUE PRICE IS 5.1 TIMES OFTHE FACE VALUE.
ISSUE PROGRAMME: ISSUE OPENED ON: DECEMBER 31, 2021 and
CLOSED ON: JANUARY 04, 2022,
PROPOSED DATE OF LISTING: JANUARY 12, 2022*.

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). Our Company has received in-principal approval letter dated December 24, 2021 from NSE for using its name in this offer document for listing of our shares on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE"). The trading is proposed to be commenced on or about January 12, 2022 *.

* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

The Issue was subscribed to an extent of 114.04 times i.e., Gross Subscription of Rs. 549,03,54,000/- for 10,76,54,000 equity shares were based on the bid file received from NSE on the day after closure of the Issue received as against Rs. 4,81,44,000/- for 9,44,000 equity shares. (Including subscription by Market Makers to the Issue). The Issue was subscribed to an extent of 103.30 times (after technical rejection and bids not banked), i.e. Net Subscription of Rs. 497,36,22,000/- for 9,75,22,000 equity shares after eliminating technically rejected and bid not banked applications.

Summary of the Valid Applications Received:

Sr. No Category Gross Application Less: Rejections Valid Allotment
No. of Application Equity Share No. of Application Equity Share No. of Application Equity Share No. of Application Equity Share
1 Retail Individual Applicants 17,828 35,656,000 253 506,000 17,575 35,150,000 244 448,000
2 Non-Retail Applicants 818 62,538,000 13 214,000 805 62,324,000 175 448,000
3 Market Maker 1 48,000 - - 1 48,000 1 48,000
Total 18,047 98,242,000 266 720,000 18,381 97,522,000 460 944,000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -National Stock Exchange of India Limited on January 07, 2022

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 51/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 48,000 Equity shares.

Sr. No No. of Shares applied for (Category wise) No. of Application Received % to total Total No. of Equity shares Applied % to total Ratio of allottees to applicants No. of Successful Applicants Total No. of Equity Shares Allotted
1 48,000 1 100 48,000 100 1 1 1 48,000
GRAND TOTAL 1 100 48,000 100 1 48,000

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 51/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 78.46 times i.e. for 3,51,50,000 Equity Shares. Total number of shares allotted in this category is 4,48,000 Equity Shares to 224 successful applicants.

Sr. No No. of Shares applied for (Category wise) No. of Application Received % to total Total No. of Equity Shares Applied % to total Ratio of allottees to applicants No. of Successful Applicants Total No. of Equity Shares Allotted
1 2,000 17,575 100 35,150,000 100 224 17,575 224 448,000
GRAND TOTAL 17,575 100 35,150,000 100 224 448,000

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 517- per Equity Snare, was finalized in consultation with NSE. The category was subscribed by 139.12 times i.e. for 6,23,24,000 shares. Total number of shares allotted in this category is 4,48,000 Equity Shares to 175 successful applicants.

The category wise details of the Basis of Allotment are as under:

Sr. No No. of Shares applied for (Category wise) No. of Applications Received % to total Total No. of Equity Shares Applied % to total Ratio of allottees to applicants No. of Successful Applicants Total No. of Equity Shares Allotted
1 4,000 196 24.36 784,000 1.26 3 196 3 6,000
2 6,000 58 7.21 348,000 0.56 1 58 1 2,000
3 8,000 39 4.85 312,000 0.50 1 39 1 2,000
4 10,000 32 3.99 320,000 0.51 1 32 1 2,000
5 12,00 15 1.86 180,000 0.29 1 15 1 2,000
6 14,000 16 1.99 224,000 0.36 1 16 1 2,000
7 16,000 10 1.24 160,000 0.36 1 10 1 2,000
8 18,000 43 5.34 774,000 1.24 3 43 3 6,000
9 20,000 28 3.49 560,000 0.90 2 28 2 4,000
10 22,000 10 1.24 220,000 0.35 1 10 1 2,000
11 24,000 12 1.50 288,000 0.36 1 12 1 2,000
12 26,000 9 1.13 234,000 0.38 I 9 1 2,000
13 28,000 2 0.25 56,000 0.09 - - - -
14 30,000 12 1.50 360,000 0.38 1 12 1 2,000
15 32,000 10 1.24 320,000 0.31 1 10 1 2,000
16 34,000 8 0.99 272,000 0.34 1 8 1 2,000
17 36,000 5 0.62 180,000 0.29 1 5 1 2,000
18 38,000 7 0.88 266,000 0.43 1 7 1 2,000
19 40,000 24 0.99 960,000 1.54 3 24 3 6,000
20 42,000 4 0.51 168,000 0.27 1 4 1 2,000
21 44,000 3 0.38 152,000 0.21 - - - -
22 46,000 9 1.13 414,000 0.66 1 9 1 2,000
23 46,000 3 0.38 144,000 0.23 1 1 1 2,000
24 50,000 9 1.13 450,000 0.72 2 9 2 4,000
25 48,000 3 0.38 156,000 0.25 1 3 1 2,000
26 54.000 0.26 105,000 0.17 -
27 56,000 1 0.12 56,000 0.09 - - - -
28 58,000 5 0.63 290,000 0.47 1 5 1 2,000
29 60,000 13 1.62 780,000 1.25 3 13 3 6,000
30 62,000 4 0.50 248,000 0.40 1 4 1 2,000
31 66,000 1 0.12 66.000 0.11
32 68,000 2 0.25 136,000 0.22 1 2 1 2,000
33 70,000 2 0.25 140,000 0.22 1 2 1 2,000
34 72,000 1 0.12 72,000 0.12
35 74,000 2 0.25 148,000 0.24 1 2 1 2,000
36 76,000 3 0.38 228,000 0.37 1 3 1 2,000
37 78,000 6 0.76 468,000 0.75 1 3 2 4,000
38 80,000 5 0.63 400,000 0.64 1 5 1 2,000
39 82,000 2 0.25 164,000 0.26 1 2 1
40 86,000 1 0.12 86,000 0.14
41 88,000 1 0.12 88,000 0.14 2,000
42 90,000 2 0.25 180,000 0.29 1 2 1 2,000
43 92,000 1 0.12 92,000 0.15
44 94,000 3 0.37 282,000 0.45 1 3 1 2,000
45 96,000 3 0.37 288,000 0.46 1 3 2 4,000
46 98,000 7 0.87 686,000 1.10 2 7 2 4,000
47 100,000 11 1.37 1,100,000 1.76 4 11 4 8,000
48 102,000 6 0.75 612,000 0.98 2 6 2 4,000
49 104,000 1 0.12 104,00 0.17
50 110,000 4 0.50 440,000 0.71 1 2 1 2,000
51 112,000 2 0.25 224,000 0.36 1 2 1 4,000
52 114,000 1 0.12 114,000 0.18
53 116,000 1 0.12 116,000 0.19
54 118,000 3 0.37 354,000 0.57 1 3 1 4,000
55 120,000 4 0.50 480,000 0.77 1 2 2 2,000
56 122,000 3 0.37 366,000 0.59
57 124,000 1 0.12 124,000 0.20
58 126,000 1 0.12 126,000 0.20
59 130,000 1 0.12 130,000 0.21
60 132,000 1 0.12 132,000 0.21
61 134,000 1 0.12 134,000 0.22 1 1 1 2,000
62 136,000 1 0.12 136,000 0.22 1 1 1 2,000
63 140,000 1 0.12 140,000 0.22 1 1 1 2,000
64 142,000 3 0.37 426,000 0.68 2 3 2 4,000
65 144,000 2 0.25 288,000 0.46 1 2 2,000
66 148,000 2 0.25 296,000 0.47 1 2 1 2,000
67 150,000 2 0.25 300,000 0.48 1 2 1 2,000
68 154,000 1 0.12 154,000 0.25 1 1 1 2,000
69 156,000 1 0.12 156,000 0.25 1 1 1 2,000
70 158,000 3 0.37 474,000 0.75 2 3 2 4,000
71 160,000 2 0.25 320,000 0.51 1 2 I 2,000
72 162,000 1 0.12 162,000 0.26 1 1 1 2,000
73 168,000 1 0.12 168,000 0.27 1 1 1 2,000
74 176,000 5 0.62 880,000 1.41 3 5 3 6,000
75 178,000 2 0.25 356,000 0.57 1 2 1 2,000
76 180,000 3 0.37 540,000 0.87 2 3 1 4,000
77 182,000 1 0.12 182,000 0.29 1 1 1 2,000
78 188,000 2 0.25 376,000 0.60 1 2 1 2,000
79 190,000 1 0.12 190,000 0.30 1 1 1 2,000
80 192,000 0.25 384,000 0.62 1 2 1 2,000
81 194,000 1 0.37 582,000 0.93 2 3 2 4,000
82 196,000 8 0.99 1,568,000 2.52 3 4 6 12,000
83 200,000 11 1.37 2,200,000 3.53 8 11 8 16,000
84 202,000 2 0.25 404,000 0.65 1 1 1 2,000
85 206,000 1 0.12 206,000 0.33 1 1 1 2,000
86 208,000 1 0.12 208,000 0.33 1 1 I 2,000
87 216,000 1 0.12 216,000 035 1 1 1 2,000
88 218,000 1 0.12 218,000 0.35 1 1 1 2,000
89 230,000 ' 1 0.12 230,000 0.37 1 1 1 2,000
90 234,000 1 0.12 254,000 0.38 1 1 1 2,000
91 240,000 3 0.37 720,000 1.16 1 1 3 6,000
92 244,000 1 0.12 244,000 0.39 1 1 1 2,000
93 252,000 1 0.12 252,000 0.43 1 1 1 2,000
94 260,000 1 0.12 260,000 0.42 1 1 1 2,000
95 264,000 1 0.12 264,000 0.42 1 1 1 2,000
96 274,000 1 0.12 274,000 0.44 1 1 1 2,000
97 280,000 2 0.25 560,000 0.90 1 1 2 4,000
98 294,000 2 0.25 588,000 0.90 1 1 2 10,000
99 300,000 5 0.63 1,500,000 2.41 1 1 5 2,000
100 306,000 1 0.12 306,000 0.49 1 1 1 2,000
101 310,000 1 0.12 310,000 0.50 1 1 1 2,000
102 332,000 1 0.12 332,000 0.53 1 1 1 2,000
103 340,000 1 0.12 340,000 0.55 1 1 1 2,000
104 360,000 1 0.12 360,000 0.58 1 1 1 2,000
105 366,000 1 0.12 366,000 0.59 1 1 1 2,000
106 386,000 1 0.12 388,000 0.62 1 1 1 2,000
107 388,000 1 0.12 388,000 0.62 1 1 1 2,000
108 390,000 2 0.25 780,000 1.25 1 1 2 4,000
109 1 2 2,000
110 392,000 1 0.12 392,000 0.63 1 1 1 2,000
111 400,000 4 0.50 1,600,000 2.57 1 1 4 8,000
112 2 4 4,000
113 450,000 1 0.12 450,000 0.72 1 1 1 4,000
114 472,000 2 0.25 944,000 1.51 1 1 2 4,000
115 1 2 1 2,000
116 490,000 1 0.12 490,000 0.79 1 1 1 4,000
117 522,000 1 0.12 524,000 0.84 1 1 1 4,000
118 524,000 1 0.12 524,000 0.84 1 1 1 4,000
119 526,000 1 0.12 526,000 0.84 1 1 1 4,000
120 528,000 1 0.12 528,000 0.85 1 1 1 4,000
121 532,000 1 0.12 532,000 0.85 1 1 1 4,000
122 582,000 1 0.12 582,000 0.93 1 1 1 4,000
123 588,000 1 0.12 590,000 0.94 1 1 1 4,000
124 590,000 1 0.12 590,000 0.95 1 1 1 4,000
125 600,000 2 0.25 1,200,000 1.93 1 1 1 8,000
126 604,000 2 0.25 1,208,000 1.94 1 1 2 8,000
127 638,000 1 0.12 638,000 1.02 1 1 1 4.000
128 686,000 1 0.12 686,000 1.10 1 1 1 4,000
129 770,000 1 0.12 770,000 1.24 1 1 1 6,000
130 800,000 1 0.12 800,000 1.28 1 1 1 6,000
131 830,000 1 0.12 830,000 1.33 1 1 1 6,000
132 896,000 11 1.37 9,856,000 15.81 1 1 11 66,000
133 2 11 4,000
GRAND TOTAL 805 100 62,324,000 100 175 448,000

The Board of Directors of the company at its meeting held on January 07, 2022 has approved the Basis of Allotment of Equity shares as approved by the Designated stock Exchange viz. National Stock Exchange of India Limited and at a meeting held on January 07, 2022 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated December 27, 2021 and as per the SEB1 (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to January 10, 2022. Further, the CAN-cum-Refund advices and allotment advice and or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before January 11, 2022. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE EMERGE within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 27, 2021 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, CAMEO CORPORATE SERVICES LIMITED at http://camhridge.cameoindia.com/Module/lPO_Status.aspx. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch w here the application had been lodged and payment details at the address of the Registrar given below :

wpeE3.jpg (2485 bytes) CAMEO CORPORATE SERVICES LIMITED
"Subramanian Building" #1, Club House Road Chennai - 600 002, India
Tel: +91-44-40020700,28460390 Email/ Investor Grievance E-mail: investor@cameoindia.com Website: www.cameoindia.com
Contact Person: Mr. R.D. Ramasamy, Director SITU Registration No: INR000003753 CIN No: U67120TN1998PLC041613
For TIMESCAN LOGISTICS (INDIA) LIMITED
On behalf of the Board of Directors
Place: Chennai Sd/-
Date: 10/01/2022 Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LIS TING OR THE BUSINESS PROSPECTS OF TIMESCAN LOGISTICS (INDIA) LIMITED

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