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VRL Logistics IPO is a book build issue of ₹467.88 crores. The issue is a combination of fresh issue of 0.57 crore shares aggregating to ₹117.00 crores and offer for sale of 1.71 crore shares aggregating to ₹350.88 crores.
VRL Logistics IPO bidding started from Apr 15, 2015 and ended on Apr 17, 2015. The shares got listed on BSE, NSE on Apr 30, 2015.
VRL Logistics IPO price band is set at ₹205.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹12,675 (65 shares). The lot size investment for sNII is 16 lots (1,040 shares), amounting to ₹2,13,200, and for bNII, it is 76 lots (4,940 shares), amounting to ₹10,12,700.
HSBC Securities & Capital Markets (India) Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to VRL Logistics IPO RHP for detailed Information.
| IPO Date | April 15, 2015 to April 17, 2015 |
| Listing Date | April 30, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹195 to ₹205 per share |
| Issue Price Final | ₹205 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,28,23,333 shares (aggregating up to ₹467.88 Cr) |
| Fresh Issue | 57,07,333 shares (aggregating up to ₹117.00 Cr) |
| Offer for Sale | 1,71,16,000 shares of ₹10 (aggregating up to ₹350.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,55,36,162 shares |
| Share Holding Post Issue | 9,12,43,495 shares |
VRL Logistics IPO offers total 2,28,23,333 shares. Out of which 1,14,11,658 (50.00%) allocated to QIB, 45,64,664 (20.00%) allocated to QIB, 34,23,500 (15.00%) allocated to NII, 79,88,175 (35.00%) allocated to RII and 68,46,994 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,14,11,658 (50.00%) | NA |
| − Anchor Investor Shares Offered | 68,46,994 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,64,664 (20.00%) | NA |
| NII (HNI) Shares Offered | 34,23,500 (15.00%) | NA |
| Retail Shares Offered | 79,88,175 (35.00%) | 1,22,895 |
| Total Shares Offered | 2,28,23,333 (100.00%) |
VRL Logistics IPO opens on April 15, 2015, and closes on April 17, 2015.
| IPO Open Date | Wed, Apr 15, 2015 |
| IPO Close Date | Fri, Apr 17, 2015 |
| Tentative Listing Date | Thu, Apr 30, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 17, 2015 |
Investors can bid for a minimum of 65 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 | 65 | ₹13,325 |
| Retail (Max) | 15 | 975 | ₹1,99,875 |
| S-HNI (Min) | 16 | 1,040 | ₹2,13,200 |
| S-HNI (Max) | 75 | 4,875 | ₹9,99,375 |
| B-HNI (Min) | 76 | 4,940 | ₹10,12,700 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
VRL Logistics Ltd (VRL) is one of the leading pan-India surface logistics and parcel delivery service provider. It owns and operates the largest fleet of commercial vehicles in the private sector in India. VRL provides general parcel and priority parcel delivery (less than truckload services, "LTL"), courier and full-truckload ("FTL") services through its widespread transportation network in 28 States and four Union Territories across India. Company's operational infrastructure for the goods transportation business as of December 31, 2014 comprised 624 branches (comprising 604 leased branches and 20 owned branches) and 346 agencies across India, and of such 624 branches, 48 (41 leased branches and seven owned branches) served as strategic transshipment hubs for operations.
VRL's goods transportation service business serves a broad range of industries, including the fast moving consumer goods (FMCG) sector as well as other industries including food, textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, metal and metal products, wood, glass, automotive parts and machinery. The company operates through a hub-and-spoke operating model which enables to transport various parcel sizes and provide its customers with access to multiple destinations for booking and delivery of goods. Its extensive network enables the company to provide "last mile" connectivity to even remote areas in India.
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 31-Dec-14 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | |
| Total Income | 12,793.80 | 15,037.77 | 13,353.24 | 11,352.78 | 8,929.15 | 7,146.13 |
| Profit After Tax (PAT) | 716.90 | 571.76 | 457.03 | 767.22 | 516.64 | 287.54 |
| KPI | Values |
|---|---|
| RoNW | 18.65% |
The Company VRL 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 | Purchase of goods transportation vehicles | 6.74 |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 2.80 |
| 3 | General corporate purposes | 1.29 |
[Dilip Davda] <p><strong>However, considering its track record and the prospects ahead with sliding fuel prices, it appears promising investment option.</strong></p> <p><em>DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.</em></p> Read detail review...
| Listing Date | April 30, 2015 |
| BSE Script Code | 539118 |
| NSE Symbol | VRLLOG |
| ISIN | INE366I01010 |
| Final Issue Price | ₹205 per share |
| BSE Listing Group | B |
VRL Logistics Ltd.
R.S. No. 351/1, Varur Post Chabbi Taluk Hubli,
District Dharwad,
Hubballi 581 207, Karnataka
Hubballi, Karnataka
Phone: +91 836 2237 607
Email: investors@vrllogistics.com
Website: http://www.vrlgroup.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: vrl.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
VRL Logistics IPO is a main-board IPO of 2,28,23,333 equity shares of the face value of ₹10 aggregating up to ₹467.88 Crores. The issue is priced at ₹205 per share. The minimum order quantity is 65.
The IPO opens on April 15, 2015, and closes on April 17, 2015.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in VRL Logistics IPO using UPI as a payment gateway. Zerodha customers can apply in VRL Logistics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VRL Logistics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VRL Logistics IPO opens on April 15, 2015 and closes on April 17, 2015.
VRL Logistics IPO lot size is 65, and the minimum amount required for application is ₹13,325.
You can apply in VRL 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 VRL Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VRL Logistics IPO allotment status.
The VRL Logistics IPO listing date is on Thursday, April 30, 2015.
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