Fixed Price IPO | ₹9 Cr | Listed at NSE SME | Wed, May 23, 2018 - Fri, May 25, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 23, 2018
IPO Close
Fri, May 25, 2018
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹34.40 Cr
| IPO Date | 23 to 25 May, 2018 |
| Listed on | Mon, Jun 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,64,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.4860 Cr) |
| Fresh Issue (Ex Market Maker) | 19,56,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 19,56,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 55,80,000 shares |
| Share Holding Post Issue | 76,44,000 shares |
| NSE Symbol | SVLL |
| ISIN | INE00CE01017 |
Shree Vasu Logistics IPO comprises a total issue size of 20,64,000 shares. The net offer to the public is 19,56,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 9,78,000 (50.00%) allocated to NII 9,78,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,78,000 | 50.00% | 47.38% |
| Retail Shares Offered | 9,78,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.23% | |
| Total Shares Offered | 20,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Funding the working capital requirements of the Company | 7.04 |
| 2 | General corporate purposes | 1.35 |
The Shree Vasu Logistics IPO is subscribed 1.67 times on May 25, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.88 times in the retail category, [.] times in the QIB category, and 2.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.45 | 9,78,000 | 24,00,000 |
| Retail | 0.88 | 9,78,000 | 8,61,000 |
| Total | 1.67 | 19,56,000 | 32,61,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.60 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing and Other Expenses | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹48.00 |
| Low | ₹48.00 |
| High | ₹48.70 |
| Last Trade | ₹48.50 |
Lead Manager Reports
Shree Vasu Logistics IPO is a SME IPO of 20,64,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Wed, May 23, 2018, and closes on Fri, 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 Wed, May 23, 2018 and closes on Fri, 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 Fri, Jun 1, 2018. Check the Shree Vasu Logistics IPO allotment status.
The Shree Vasu Logistics IPO listing date is on Mon, Jun 4, 2018.
