Bookbuilding IPO | ₹468 Cr | Listed at BSE, NSE | Wed, Apr 15, 2015 - Fri, Apr 17, 2015
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 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹13,325 (65 shares) (based on upper price). 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 Open
Wed, Apr 15, 2015
IPO Close
Fri, Apr 17, 2015
Issue Price
₹205 per share
Market Cap (Pre-IPO)
₹1,870.49 Cr
| IPO Date | 15 to 17 Apr, 2015 |
| Listed on | Thu, Apr 30, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹205 |
| Issue Price | ₹205 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,28,23,333 shares (agg. up to ₹468 Cr) |
| Fresh Issue | 57,07,333 shares (agg. up to ₹117 Cr) |
| Offer for Sale | 1,71,16,000 shares of ₹10 (agg. up to ₹351 Cr) |
| Share Holding Pre Issue | 8,55,36,162 shares |
| Share Holding Post Issue | 9,12,43,495 shares |
| BSE Script Code / NSE Symbol | 539118 / VRLLOG |
| ISIN | INE366I01010 |
VRL Logistics IPO comprises a total issue size of 2,28,23,333 shares. Out of which, 1,14,11,658 (50.00%) are allocated to QIB, 34,23,500 (15.00%) allocated to NII 79,88,175 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 18.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 77.21% | 69.57% |
| Market Cap | ₹1,870.49 Cr. |
The VRL Logistics IPO is subscribed 74.26 times on April 17, 2015 5:00:00 PM (Day 3). The public issue subscribed 7.92 times in the retail category, 58.22 times in the QIB category, and 250.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 58.22 | 47,11,006 | |
| NII | 250.86 | 34,67,400 | |
| Retail | 7.92 | 80,90,600 | |
| Total | 74.26 | 1,62,69,006 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees, underwriting commission, brokerage and selling commission (including commissions to SCSBs for ASBA Applications and commissions to Non-Syndicate Registered Brokers) | 1.50 |
| 2 | Fees paid to the Bankers to the Issue, processing fees to the SCSBs for processing Application Forms procured by the Syndicate at Syndicate ASBA Centres or Non-Syndicate Registered Brokers and submitted to the SCSBs | 0.02 |
| 3 | Registrar fee and other related fees (postage of refunds etc.) | 0.19 |
| 4 | Advertising and marketing expenses, printing, stationery and distribution expenses | 0.86 |
| 5 | Other expenses (SEBI Filing fees, legal and auditor fees, stock exchanges’ processing and listing fees, book-building fees, depository’s charges etc.) | 0.45 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹205.00 | ₹205.00 |
| Open | ₹288.00 | ₹288.00 |
| Low | ₹281.00 | ₹286.00 |
| High | ₹309.10 | ₹309.00 |
| Last Trade | ₹293.30 | ₹294.10 |
Lead Manager Reports
VRL Logistics IPO is a main-board IPO of 2,28,23,333 equity shares of the face value of ₹10 aggregating up to ₹468 Crores. The issue is priced at ₹205 per share. The minimum order quantity is 65.
The IPO opens on Wed, Apr 15, 2015, and closes on Fri, Apr 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 Wed, Apr 15, 2015 and closes on Fri, Apr 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 Thu, Apr 30, 2015.
