VRL Logistics Limited Buyback (VRL Logistics Buyback) Detail

Feb 17, 2021 - Aug 16, 2021

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.

VRL Logistics Buyback Detail

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

Company Financials

Summary of financial Information (standalone)
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

Stock Market Data (for preceding 3 months)

BSE

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

NSE

Month	High Price	Low Price	Average Price
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

Necessity of the Issue

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.

VRL Logistics Buyback Documents

Public Announcement

VRL Logistics Buyback Rating

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Company Contact Information

VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029

Phone: 08362237511
Email: investors@vrllogistics.com
Website: https://www.vrlgroup.in/

VRL Logistics Buyback Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: shyam.kumar@kfintech.com
Website: https://karisma.kfintech.com/

VRL Logistics Buyback Manager

Lead Manager(s)

ICICI Securities Limited

Registered Broker

ICICI Securities Limited
Email: vrl.buyback@icicisecurities.com

Find VRL Logistics Buyback Latest Update

VRL Logistics Buyback FAQs

When is VRL Logistics Buyback offer coming?

The VRL Logistics Buyback opens on Feb 17, 2021, and closes on Aug 16, 2021.
Which type of buyback is VRL Logistics Buyback offer?

The VRL Logistics Buyback is a Open Market Through Stock Exchange.
What is the schedule of activities for VRL Logistics Buyback?

VRL Logistics Buyback Schedule

Buyback Opening Date Feb 17, 2021

Buyback Closing Date Aug 16, 2021
Last date for acceptance of shares Upon relevant pay-out by the Stock exchange
What is the offer price for VRL Logistics Buyback offer?
The VRL Logistics Buyback is being offered at Rs ₹300 per share per equity share.
In what ratio is the VRL Logistics Buyback offered?
There is no ratio applicable in case of open market offer through stock exchange mechanism.
What is the record date for VRL Logistics Buyback offer?
There is no concept of record date in case of open market through stock exchange mechanism.
What is the issue size of VRL Logistics Buyback?
The VRL Logistics Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹60.00 Crores with pricing of Rs.₹300 per share.
What is the necessity for VRL Logistics Buyback?
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.