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AVG Logistics IPO is a book built issue of Rs 33.06 crores.
AVG Logistics IPO bidding started from March 28, 2018 and ended on April 3, 2018. The shares got listed on NSE SME on April 11, 2018.
AVG Logistics IPO price band is set at ₹105 to ₹107 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹128,400.
Systematix Corporate Services Limited is the book running lead manager of the AVG Logistics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to AVG Logistics IPO RHP for detailed information.
| IPO Date | March 28, 2018 to April 3, 2018 |
| Listing Date | April 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹107 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,090,000 shares (aggregating up to ₹33.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 154,800 shares |
AVG Logistics IPO offers 3,244,800 shares. 1,467,600 (45.23%) to NII, 1,467,600 (45.23%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 154,800 (4.77%) |
| NII (HNI) Shares Offered | 1,467,600 (45.23%) |
| Retail Shares Offered | 1,467,600 (45.23%) | Other Shares Offered | 154,800 (4.77%) |
| Total Shares Offered | 3,244,800 (100%) |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹128,400 |
| Retail (Max) | 1 | 1200 | ₹128,400 |
| Lot Size Calculator | |||
Incorporated in 2010, Delhi based AVG Logistics Limited is a third-party logistics service operator. The company offers Full Truck Load (FTL) and �hub-and-spoke� transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems.
AVG offers its customers services in three key areas:
(1) Transportation whereby we provide point-to-point, less than truck-load, time-definite transportation services;
(2) Warehousing whereby we provide warehousing, distribution and cold-chain warehousing; and
(3) Value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.
As of September 30, 2017, the company had five (5) trans-shipment centres at Guwahati, Bangalore, Hyderabad, DelhiUP border, and Kundli (Delhi-Haryana border) and forty nine (49) branches across India, covering twenty three (23) states as of September 30, 2017. It operates two hundred sixty four (264) owned containerised vehicles which are GPS-enabled vehicles, of which eighty five (85) are refrigerated (reefer) trucks.
AVG also provides warehousing facilities to select customers and the warehouses are well connected to several manufacturing and consumption clusters in India aggregating to 3.54 lakh square feet. It has warehouses in Modinagar, Ghaziabad, Delhi and Panipat. The company is in the process of setting up additional large format, multi-user warehouses in certain strategic locations and have acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakhs square feet which will enable the expansion of its warehousing space to 4.62 lakhs square feet by April, 2019.
As of January 31, 2018, we had 521 full-time employees.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 8,352.23 | 6,996.76 | 6,096.39 | 4,058.12 | 2,951.18 | |
| Total Revenue | 19,485.88 | 19,229.25 | 18,331.70 | 13,041.25 | 9,631.92 | |
| Profit After Tax | 443.34 | 380.16 | 319.31 | 262.06 | 190.48 | |
The objects of the Issue are-
1. Setting-up Warehousing facilities at Agartala, Tripura, and Mysore (Mysuru), Karnataka
2. Working Capital Requirement
3. General Corporate Purpose and
4. To meet Issue related Expenses
[Dilip Davda]
Considering consistent outperformance and reasonable price, investors may consider investment for short to long term.
Read detail review...The AVG Logistics IPO is subscribed 1.92 times on April 3, 2018 5:00:00 PM. The public issue subscribed 1.08 times in the retail category, times in the QIB category, and 2.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.28 |
| Retail | 1.08 |
| Total | 1.92 |
| Listing Date | April 11, 2018 |
| BSE Script Code | |
| NSE Symbol | AVG |
| ISIN | INE680Z01018 |
| Final Issue Price | ₹107 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹107.00 |
| ₹113.00 |
| ₹112.00 |
| ₹118.65 |
| ₹118.55 |
AVG Logistics Limited
Shop No. 25
DDA Market, Savita Vihar
Delhi 110092
Phone: +91 11 4567 4071
Email: compliances@avglogistics.com
Website: http://www.avglogistics.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: avglogistics.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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AVG Logistics IPO is a SME IPO of 3,090,000 equity shares of the face value of ₹10 aggregating up to ₹33.06 Crores. The issue is priced at ₹105 to ₹107 per share. The minimum order quantity is 1200 Shares.
The IPO opens on March 28, 2018, and closes on April 3, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The AVG Logistics IPO opens on March 28, 2018 and closes on April 3, 2018.
AVG Logistics IPO lot size is 1200 Shares, and the minimum amount required is ₹128,400.
You can apply in AVG Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AVG Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the AVG Logistics IPO allotment status.
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