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AVG Logistics Limited IPO (AVG Logistics IPO) Detail

March 28, 2018 - April 3, 2018

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.

AVG Logistics IPO Details

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 Size3,090,000 shares
(aggregating up to ₹33.06 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion154,800 shares

AVG Logistics IPO Reservation

AVG Logistics IPO offers 3,244,800 shares. 1,467,600 (45.23%) to NII, 1,467,600 (45.23%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered154,800 (4.77%)
NII (HNI) Shares Offered1,467,600 (45.23%)
Retail Shares Offered1,467,600 (45.23%)
Other Shares Offered154,800 (4.77%)
Total Shares Offered3,244,800 (100%)

AVG Logistics IPO Lot Size

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

About AVG Logistics Limited

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue (AVG Logistics IPO Objectives)

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

AVG Logistics IPO Review (Apply)

[Dilip Davda]  

Considering consistent outperformance and reasonable price, investors may consider investment for short to long term.

Read detail review...


AVG Logistics IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII2.28
Retail1.08
Total1.92

AVG Logistics IPO Prospectus

AVG Logistics IPO Rating

70
3.4
Rating:Rated 3.4 stars
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AVG Logistics IPO Listing Details

Listing Date April 11, 2018
BSE Script Code
NSE Symbol AVG
ISIN INE680Z01018
Final Issue Price ₹107 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹107.00
₹113.00
₹112.00
₹118.65
₹118.55

Check IPO Performance…

AVG Logistics Limited Contact Details

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

AVG Logistics IPO Registrar

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

AVG Logistics IPO - Buy or Not

AVG Logistics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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AVG Logistics IPO FAQs

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.

The AVG Logistics IPO listing date is on April 11, 2018.
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AVG Logistics IPO Message Board

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40 Comments

25. Hiteshji |   Link |  Bookmark |April 11, 2018 11:38:23 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I told you earlier that it will lists at premium. Congratulations to those who earn good profit....
24. PRERAK SHAH |   Link |  Bookmark |April 11, 2018 10:57:26 AM
Upper circuit 118.65
23. Hiteshji |   Link |  Bookmark |April 11, 2018 10:45:43 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Lists at 113. Good one.
22. S T |   Link |  Bookmark |April 11, 2018 10:28:33 AM
Allotment out on http://www.bigshareonline.com/bssipoapplicationstatus.aspx
Mine is 0/2 :(
21. Hiteshji |   Link |  Bookmark |April 11, 2018 10:15:07 AM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Today listing....it will gv you return. Dont worry...keep hope..
20. lakshya agg |   Link |  Bookmark |April 11, 2018 9:20:38 AM
listing in trade to trade


ram jane kya hoga ab
19. Hiteshji |   Link |  Bookmark |April 9, 2018 9:37:59 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Allotments tomorrow.....All the best....
19.5. IPOANALYSIS |   Link |  Bookmark |April 10, 2018 3:10:32 PM
tarachand didn't have nikhil vohra backing

this will be a winner in long run. keep holding those who are alloted.
i am looking to buy on secondary market as I didn't apply in primary as we can get fair chance to buy on listing day
19.6. lakshya agg |   Link |  Bookmark |April 10, 2018 5:27:17 PM
listing on 12 april
18. IPOANALYSIS |   Link |  Bookmark |April 10, 2018 2:41:32 PM
i missed to apply this one but will see if can buy from secondary market
anchor investor is strong. dont think about listing gain as this is a portfolio stocks
keep holding as when weak hands will get out it can give excellent return in long term
17. PRERAK SHAH |   Link |  Bookmark |April 10, 2018 2:41:01 PM
my client got 1 - 4/5
2 - 4/4
3 - 1/3
4 - 0/1 .
so no firm allotment ..... but multiple application got good allotment .
16. Hiteshji |   Link |  Bookmark |April 10, 2018 2:09:51 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Allotment done.. Ratio 50 50. ????
15. PRERAK SHAH |   Link |  Bookmark |April 10, 2018 1:08:43 PM
allotment out - firm allotment
15.2. S T |   Link |  Bookmark |April 10, 2018 1:51:15 PM
0/1.. No firm allotment.
15.3. S T |   Link |  Bookmark |April 10, 2018 1:52:43 PM
@PRERAK SHAH : At what price you have applied.. between Rs. 105 to 107. .What is your price?
14. PRERAK SHAH |   Link |  Bookmark |April 10, 2018 1:09:59 PM
check allotment status .....

https://www.linkintime.co.in/IPO/public-issues.html
13. PRERAK SHAH |   Link |  Bookmark |April 10, 2018 1:09:11 PM
what is a grey market premium ?
12. Splendid |   Link |  Bookmark |April 9, 2018 4:24:33 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Allotment Date?
12.1. DownriteVJ |   Link |  Bookmark |April 10, 2018 12:04:01 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Today
12.2. Splendid |   Link |  Bookmark |April 10, 2018 12:14:50 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing on 11th April so allotment should have been come yesterday
11. Hiteshji |   Link |  Bookmark |April 8, 2018 4:07:35 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Sound good. Must lists at premium.
10. S T |   Link |  Bookmark |April 7, 2018 4:11:37 PM
Bid / Issue Opening Date: March 28, 2018
Bid / Issue Closing Date: April 03, 2018
Finalisation of Basis of Allotment with the Designated Stock Exchange On or before: April 06, 2018
Initiation of Refunds On or before: April 09, 2018
Credit of Equity Shares to demat accounts of Allottees On or before: April 09, 2018
Commencement of trading of the Equity Shares on the Stock Exchange On or before: April 11, 2018
9. S T |   Link |  Bookmark |March 31, 2018 7:16:42 PM
AVG Logistics IPO: Sixth Sense takes in anchor
https://www.thehindubusinessline.com/markets/avg-logistics-ipo-sixth-sense-takes-in-anchor/article23366158.ece
9.1. an Investor |   Link |  Bookmark |April 2, 2018 12:18:50 PM (200+ Posts)
But I still see 0 bid in QIB portion. Am I missing anything?
9.2. S T |   Link |  Bookmark |April 4, 2018 5:20:56 PM
From where did you find out that QIB is 0 subscription?

Latest subscription figures:

Total Subscription      1.92X
Retail Subscription      1.08X
HNI Subscription      2.77X
QIBs      Yes
8. share blaster |   Link |  Bookmark |April 3, 2018 2:37:31 PM
qib also applied
7. IPOANALYSIS |   Link |  Bookmark |April 2, 2018 7:22:29 PM
people have still not learnt lesson,

out of last 19 sme listed only 3 have given returns rest are at same price or much below price
when you have no ipo or sme performing then better to stay away and take a call post listing as no sme is giving any listing gain

instead one can buy listed ones like east india securities and angel fiber.
both are available very cheap in comparision to new sme ipo coming which are very expensive


6. AKMP |   Link |  Bookmark |April 2, 2018 1:17:55 PM
Anchor investor have ability to hold investments for 5 years