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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 | Feb 17, 2021 - Aug 16, 2021 |
| Security Name | VRL Logistics Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹60.00 Crores |
| Buyback Price | ₹300 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 21,288.56 | 21,174.68 | 19,365.50 |
| Profit After Tax | 901.14 | 919.16 | 925.64 |
| Net Worth | 6,168.69 | 6,459.38 | 5,932.19 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 214 | 165 | 196.03 |
| Dec-2020 | 214 | 171.8 | 197.27 |
| Nov-2020 | 192.6 | 149 | 166.31 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 209.7 | 179.25 | 196 |
| Dec-2020 | 214.25 | 171.75 | 197.31 |
| Nov-2020 | 193.05 | 149 | 166.32 |
The Buyback will help the Company achieve the following objectives:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders’ value; and
iii) Improve return on equity by reduction in the equity base.
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VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029
Phone: 08362237511
Email: investors@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: shyam.kumar@kfintech.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
Registered Broker
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