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VRL Logistics Ltd (VRL) is one of the leading pan-India surface logistics and parcel delivery service provider. It owns and operates the largest fleet of commercial vehicles in the private sector in India. VRL provides general parcel and priority parcel delivery (less than truckload services, "LTL"), courier and full-truckload ("FTL") services through its widespread transportation network in 28 States and four Union Territories across India. Company's operational infrastructure for the goods transportation business as of December 31, 2014 comprised 624 branches (comprising 604 leased branches and 20 owned branches) and 346 agencies across India, and of such 624 branches, 48 (41 leased branches and seven owned branches) served as strategic transshipment hubs for operations.
VRL's goods transportation service business serves a broad range of industries, including the fast moving consumer goods (FMCG) sector as well as other industries including food, textiles, apparel, furniture, appliances, pharmaceutical products, rubber, plastics, metal and metal products, wood, glass, automotive parts and machinery. The company operates through a hub-and-spoke operating model which enables to transport various parcel sizes and provide its customers with access to multiple destinations for booking and delivery of goods. Its extensive network enables the company to provide "last mile" connectivity to even remote areas in India.
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 31-Dec-14 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | |
| Total Income | 12,793.80 | 15,037.77 | 13,353.24 | 11,352.78 | 8,929.15 | 7,146.13 |
| Profit After Tax (PAT) | 716.90 | 571.76 | 457.03 | 767.22 | 516.64 | 287.54 |
The object of the issue are to:
1. Purchase of goods transportation Vehicles;
2. Repayment/pre-payment of certain borrowings.
| VRL Logistics IPO Date | Apr 15, 2015 to Apr 17, 2015 |
| VRL Logistics IPO Face Value | ₹10 per share |
| VRL Logistics IPO Price | ₹195 to ₹205 per share |
| VRL Logistics IPO Lot Size | 65 Shares |
| Issue Size | 23,116,000 shares of ₹10 (aggregating up to ₹473.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The promoters of the company are: 1. Dr. Vijay Sankeshwar and |
The VRL Logistics IPO lot size is 65 shares. A retail-individual investor can apply for up to 15 lots (975 shares or ₹199,875).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹13,325 |
| Retail (Max) | 15 | 975 | ₹199,875 |
However, considering its track record and the prospects ahead with sliding fuel prices, it appears promising investment option.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.
Read detail review...The VRL Logistics IPO is subscribed 74.26 times on Apr 17, 2015 5:00:00 PM. The public issue subscribed 7.92 times in the retail category, 58.22 times in the QIB category, and 250.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 58.22 |
| NII | 250.86 |
| Retail | 7.92 |
| Total | 74.26 |
| Listing Date | Thursday, April 30, 2015 |
| BSE Script Code | 539118 |
| NSE Symbol | VRLLOG |
| Listing In | B Group of Securities |
| ISIN | INE366I01010 |
| IPO Price | ₹205 per share |
| Face Value | ₹10 per share |
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VRL Logistics Ltd
R.S. No. 351/1, Varur Post Chabbi Taluk Hubli,
District Dharwad,
Hubballi 581 207, Karnataka
Phone: +91 836 2237 607
Email: investors@vrllogistics.com
Website: http://www.vrlgroup.in
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: vrl.ipo@karvy.com
Website: https://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 9 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
VRL Logistics IPO is a main-board IPO of 23,116,000 equity shares of the face value of ₹10 aggregating up to ₹473.88 Crores. The issue is priced at ₹195 to ₹205 per share. The minimum order quantity is 65 Shares.
The IPO opens on Apr 15, 2015, and closes on Apr 17, 2015.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The VRL Logistics IPO opens on Apr 15, 2015 and closes on Apr 17, 2015.
VRL Logistics IPO lot size is 65 Shares and the minimum order quantity is .
You can apply in VRL 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for VRL Logistics IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VRL Logistics IPO allotment status.
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