Bookbuilding IPO | ₹33 Cr | Listed at NSE SME | Wed, Mar 28, 2018 - Tue, Apr 3, 2018
AVG Logistics IPO is a book build issue of ₹33.06 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹33.06 crore.
AVG Logistics IPO bidding started from Mar 28, 2018 and ended on Apr 3, 2018. The shares got listed on NSE SME on Apr 11, 2018.
AVG Logistics IPO price band is set at ₹107 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,28,400 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,56,800.
Systematix Corporate Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Systematix Shares & Stocks (India) Ltd..
Refer to AVG Logistics IPO RHP for detailed Information.
IPO Open
Wed, Mar 28, 2018
IPO Close
Tue, Apr 3, 2018
Issue Price
₹107 per share
Market Cap (Pre-IPO)
₹110.19 Cr
| IPO Date | 28 Mar to 3 Apr, 2018 |
| Listed on | Wed, Apr 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹107 |
| Issue Price | ₹107 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,90,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 1,54,800 shares Systematix Shares & Stocks (India) Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 29,35,200 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 29,35,200 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 72,08,000 shares |
| Share Holding Post Issue | 1,02,98,000 shares |
| NSE Symbol | AVG |
| ISIN | INE680Z01018 |
AVG Logistics IPO comprises a total issue size of 30,90,000 shares. The net offer to the public is 29,35,200 shares, after excluding 1,54,800 shares allotted on a firm basis. Of the Net offer 14,67,600 (50.00%) are allocated to QIB, 4,40,400 (15.00%) allocated to NII 10,27,200 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,67,600 | 50.00% | 47.50% |
| − Anchor Investor Shares Offered | 8,79,600 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 5,88,000 | 19.03% | |
| NII (HNI) Shares Offered | 4,40,400 | 15.00% | 14.25% |
| Retail Shares Offered | 10,27,200 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,54,800 | 5.01% | |
| Total Shares Offered | 30,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,28,400 |
| Retail (Max) | 1 | 1,200 | ₹1,28,400 |
| HNI (Min) | 2 | 2,400 | ₹2,56,800 |
Incorporated in 2010, Delhi based AVG Logistics Limited is a third-party logistics service operator. The company offers Full Truck Load (FTL) and “hub-and-spoke” transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems.
AVG offers its customers services in three key areas:
(1) Transportation whereby we provide point-to-point, less than truck-load, time-definite transportation services;
(2) Warehousing whereby we provide warehousing, distribution and cold-chain warehousing; and
(3) Value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.
As of September 30, 2017, the company had five (5) trans-shipment centres at Guwahati, Bangalore, Hyderabad, DelhiUP border, and Kundli (Delhi-Haryana border) and forty nine (49) branches across India, covering twenty three (23) states as of September 30, 2017. It operates two hundred sixty four (264) owned containerised vehicles which are GPS-enabled vehicles, of which eighty five (85) are refrigerated (reefer) trucks.
AVG also provides warehousing facilities to select customers and the warehouses are well connected to several manufacturing and consumption clusters in India aggregating to 3.54 lakh square feet. It has warehouses in Modinagar, Ghaziabad, Delhi and Panipat. The company is in the process of setting up additional large format, multi-user warehouses in certain strategic locations and have acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakhs square feet which will enable the expansion of its warehousing space to 4.62 lakhs square feet by April, 2019.
As of January 31, 2018, we had 521 full-time employees.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up warehousing facilities at Agartala and Mysore | 12.00 |
| 2 | Working Capital Requirement | 12.75 |
| 3 | General Corporate Purpose | 4.84 |
| Total | 29.59 |
The AVG Logistics IPO is subscribed 1.92 times on April 3, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.08 times in the retail category, [.] times in the QIB category, and 2.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.28 | 14,67,600 | 33,44,400 |
| Retail | 1.08 | 14,67,600 | 15,86,400 |
| Total | 1.92 | 29,35,200 | 56,46,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker, Registrar, Legal Advisors, Statutory Expenses, Printing and Stationery Expenses, Advertising and Marketing Expenses | 0.50 |
| 2 | Fees payable to Market Maker for 3 years towards market making | 0.10 |
| 3 | Underwriting, Brokerage & Selling Commission | 2.87 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹107.00 |
| Open | ₹113.00 |
| Low | ₹112.00 |
| High | ₹118.65 |
| Last Trade | ₹118.55 |
Lead Manager Reports
AVG Logistics IPO is a SME IPO of 30,90,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹107 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Mar 28, 2018, and closes on Tue, Apr 3, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AVG Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in AVG Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AVG Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AVG Logistics IPO opens on Wed, Mar 28, 2018 and closes on Tue, Apr 3, 2018.
AVG Logistics IPO lot size is 1200, and the minimum amount required for application is ₹1,28,400.
You can apply in AVG Logistics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AVG Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the AVG Logistics IPO allotment status.
The AVG Logistics IPO listing date is on Wed, Apr 11, 2018.
