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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 | 214.00 | 165.00 | 196.03 |
| Dec-2020 | 214.00 | 171.80 | 197.27 |
| Nov-2020 | 192.60 | 149.00 | 166.31 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 209.70 | 179.25 | 196.00 |
| Dec-2020 | 214.25 | 171.75 | 197.31 |
| Nov-2020 | 193.05 | 149.00 | 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
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 Date | Feb 17, 2021 |
| Buyback Closing Date | Aug 16, 2021 |
| Last date for acceptance of shares | Upon 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.
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