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Feb 17, 2021 - Aug 16, 2021

VRL Logistics Limited Buyback (VRL Logistics Buyback) Detail

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 PeriodFeb 17, 2021 - Aug 16, 2021
Security NameVRL Logistics Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹60.00 Crores
Buyback Price₹300 per share
Face Value₹10 per share
Listing AtBSE, 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 price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

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

  1. KFintech Private 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/

VRL Logistics Buyback Manager

Lead Manager(s)

  1. ICICI Securities Limited

Registered Broker

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

Find VRL Logistics Buyback Latest Update

VRL Logistics Buyback FAQs

The VRL Logistics Buyback opens on Feb 17, 2021, and closes on Aug 16, 2021.

The VRL Logistics Buyback is a Open Market Through Stock Exchange.

VRL Logistics Buyback Schedule

Buyback Opening DateFeb 17, 2021
Buyback Closing DateAug 16, 2021
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The VRL Logistics Buyback is being offered at Rs ₹300 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

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.

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.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The VRL Logistics Buyback 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.


2 Comments

2. Marketmaster  Feb 28, 2021 08:17 I Like It. | Report Abuse Reply
This will be not as other buyback. They will purchase direct from market..so exit if you are making profit
1. Siva mallam  Feb 23, 2021 13:13 I Like It. | Report Abuse Reply
is there any record date ? for this buyback?