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Shree Vasu Logistics IPO is a fixed price issue of ₹9.29 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹9.29 crore.
Shree Vasu Logistics IPO bidding started from May 23, 2018 and ended on May 25, 2018. The allotment for Shree Vasu Logistics IPO was finalized on May 30, 2018. The shares got listed on NSE SME on Jun 4, 2018.
Shree Vasu Logistics IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Shree Vasu Logistics IPO RHP for detailed Information.
| IPO Date | May 23, 2018 to May 25, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,64,000 shares (aggregating up to ₹9.29 Cr) |
| Reserved for Market Maker | 1,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.4860 Cr) |
| Net Offered to Public | 19,56,000 shares (aggregating up to ₹8.80 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,80,000 shares |
| Share Holding Post Issue | 76,44,000 shares |
Shree Vasu Logistics IPO offers total 20,64,000 shares. Out of which 9,78,000 (47.38%) allocated to NII, 9,78,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,000 (5.23%) |
| NII (HNI) Shares Offered | 9,78,000 (47.38%) |
| Retail Shares Offered | 9,78,000 (47.38%) |
| Total Shares Offered | 20,64,000 (100.00%) |
Shree Vasu Logistics IPO opens on May 23, 2018, and closes on May 25, 2018.
| IPO Open Date | Wed, May 23, 2018 |
| IPO Close Date | Fri, May 25, 2018 |
| Tentative Allotment | Wed, May 30, 2018 |
| Initiation of Refunds | Thu, May 31, 2018 |
| Credit of Shares to Demat | Fri, Jun 1, 2018 |
| Tentative Listing Date | Mon, Jun 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 25, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.
Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.
The company has 366 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2729.54 | 2549.22 | 2335.31 | 1932.10 | 1746.98 | |
| Total Revenue | 2769.19 | 2302.46 | 2178.03 | 1806.21 | 1642.76 | |
| Profit After Tax | 78.69 | 75.62 | 66.18 | 52.66 | 39.72 | |
The Company Shree Vasu Logistics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 7.04 |
| 2 | General corporate purposes | 1.35 |
[Dilip Davda] <p>There is no harm in giving this fully priced issue a miss.</p> Read detail review...
| Listing Date | June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SVLL |
| ISIN | INE00CE01017 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹48.00 |
| Low | ₹48.00 |
| High | ₹48.70 |
| Last Trade | ₹48.50 |
Shree Vasu Logistics Ltd.
Logistics Park,
Opp. Jaika Automobiles,
Ring Road No. 1,
Raipur, Chhattisgarh, 492001
Phone: 0771-6614848
Email: cs@logisticpark.biz
Website: http://www.shreevasulogistics.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shree Vasu Logistics IPO is a SME IPO of 20,64,000 equity shares of the face value of ₹10 aggregating up to ₹9.29 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on May 23, 2018, and closes on May 25, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shree Vasu Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Vasu Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Vasu Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Vasu Logistics IPO opens on May 23, 2018 and closes on May 25, 2018.
Shree Vasu Logistics IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Shree Vasu 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 Shree Vasu Logistics IPO will be done on Wednesday, May 30, 2018, and the allotted shares will be credited to your demat account by Friday, June 1, 2018. Check the Shree Vasu Logistics IPO allotment status.
The Shree Vasu Logistics IPO listing date is on Monday, June 4, 2018.
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