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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Incorporated in 1983 as 'Vijayanand Roadlines Private Limited', the company became a public limited company in 1997, and its name was changed to 'VRL Logistics Limited'.
The company is engaged in the business of general parcel and priority parcel delivery (less than truckload services), courier, and full-truckload services through a widespread transportation network in 22 States and five Union Territories across India.
The company has capabilities for the transportation of vehicles (cars) and liquids. It undertakes the movement of specialized cargo such as delicate testing equipment, high voltage testing equipment, high voltage control panels, high voltage circuit breakers, automobile chassis frames, extra-wide cabins, glass, high-capacity transformers, etc.
VRL Logistics also offers travel, transport of passengers by air, and outdoor branding services.
The company finds mention in the Limca Book of Record as the largest fleet owner of commercial vehicles in India in the private sector.
| Issue Period | March 13, 2023 - March 27, 2023 |
| Security Name | VRL Logistics Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 875,000 |
| Issue Size (Amount) | ₹61.25 Crores |
| Buyback Price | ₹700 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Last Date to buy shares | February 9, 2023 |
| Record Date | February 10, 2023 |
| Offer Opens On | March 13, 2023 |
| Last Date for receipt of Tender Forms | March 27, 2023 |
| Offer Closes On * | March 27, 2023 |
| Finalisation of Buyback Acceptance | April 6, 2023 |
| Last Date for settlment of bids | April 10, 2023 |
| Last Date for Extinguishment of Shares | April 17, 2023 |
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date. | 131,250.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date. | 743,750.00 |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 2128.86 | 90.11 | 616.87 | 189.3 |
| 31-Mar-21 | 1775.79 | 45.07 | 597.14 | 119.57 |
| 31-Mar-22 | 2410.47 | 160.11 | 651.63 | 143.48 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2023 | 574.80 | 506.50 | 546.05 |
| Dec-2022 | 589.45 | 512.75 | 554.43 |
| Nov-2022 | 618.65 | 509.05 | 564.86 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2023 | 575.00 | 507.70 | 546.30 |
| Dec-2022 | 589.00 | 512.40 | 554.60 |
| Nov-2022 | 618.95 | 509.55 | 564.90 |
The Buyback offers the following advantages:
a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
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VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029
Phone: 08362237511
Email: headoffice@vrllogistics.com
Website: https://www.vrlgroup.in/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: vrl.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager(s)
Registered Broker
The VRL Logistics Buyback 2023 opens on March 13, 2023, and closes on March 27, 2023.
Last date to be eligible to participate in buyback is February 9, 2023.
The VRL Logistics Buyback 2023 is a Tender Offer.
VRL Logistics Buyback 2023 Schedule
| Buyback Opening Date | March 13, 2023 |
| Buyback Closing Date | March 27, 2023 |
| Last Date for receipt of Tender Forms | March 27, 2023 |
| Finalisation of Buyback Acceptance | April 6, 2023 |
| Last Date for settlment of bids | April 10, 2023 |
| Last Date for Extinguishment of Shares | April 17, 2023 |
The VRL Logistics Buyback 2023 is being offered at Rs ₹700 per share per equity share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date. | 131,250.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date. | 743,750.00 |
The record date for the VRL Logistics Buyback 2023 is February 10, 2023.
The issue size of VRL Logistics Buyback 2023 is of 875,000 equity shares at ₹700 per share aggregating upto ₹61.25 Crores.
The Buyback offers the following advantages:
a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The VRL Logistics Buyback 2023 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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