Total Transport Systems’ IPO to open on July 25

India Infoline News Service | Mumbai | July 21, 2017 11:11 IST

Total Transport Systems (TTSL), a logistics company, plans to raise around Rs 17 crore via an initial public offering (IPO) of 3.78 million shares at Rs 45 a share.

Total Transport Systems (TTSL), a logistics company, plans to raise around Rs 17 crore via an initial public offering (IPO) of 3.78 million shares at Rs 45 a share.
 
The issue will open for subscription from July 25 till July 28 and it plans to list its shares on the National Stock Exchange (NSE) Emerge platform.
 
On the financial front, the company reported 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’s offers almost everything in logistics business keeping a focus on business activities like consolidation of Export cargoes, deconsolidation of import 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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