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VRL Logistics IPO Details

Issue Open Apr 15, 2015
Issue Close Apr 17, 2015
IPO Price ₹205
Face Value ₹10
IPO Size ₹473.88 Cr
Listing At BSE, NSE
IPO Lot Size 65

VRL LOGISTICS LIMITED

(The Company was originally incorporated as a private limited company under the name of 'Vijayanand Roadlines Private Limited' on March 31, 1983 under the Companies Act 1956. The Company became a deemed public limited company with effect from July 1, 1994. Pursuant to a Special resolution passed by the shareholders in an Extraordinary General Meeting held on February 14, 1997, the Status of the Company was changed from a deemed public limited company to a public limited company. The name of the Company was changed to 'VRL Logistics Limited' and a fresh certificate of incorporation consequent to the change of name was issued by yhe Registrar of Companies, Kamataka on August 25, 2006. For changes in the Company's name and registered office see 'History and Certain Corporate Matters' on page 183 of the Prospectus). The corporate identity number of the Company is U60210KA1983PLC005247.

Registered Office: R.S. No. 351/1, Varur Post Chabbi Taluk Hubli, District Dharwad, Hubballi 5814 207,  Karnataka, India; Telephone; +91 836 2237 607; Facsimile: 91 836 2237 614; Corporate Office: Giriraj Annexe, Circuit House Road, Hubballi 580 029, Karnataka, India; Telephone: +91 836 2237 511; Facsimile:+91 836 2256 612; Contact Person and Compliance Officer: Mr.AniruddhaA. Phadnavis Email: investors@vrllogistics.com Website: www.vrigroup.in

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading will commerce on or about April 30, 2015.

PUBLIC ISSUE OF UP TO 22,823,333 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ('EQUITY SHARES') OF VRL LOGISTICS LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS.205 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.195 PER EQUITY SHARE) AGGR EGATING UP TO RS 4,679 MILLION CONSISTING OF A FRESH ISSUE OF 5,707,333 EQUITY SHARES AGGREGATING TO RS. 1,170 MILLION (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF UP TO 17,116,000 EQUITY SHARES BY THE SELLING SHAREHOLDERS CONSISTING OF AN OFFER OF UP TO (I) 14,550,000 EQUITY SHARES BY NSR-PE MAURITIUS LLC, (II) 1,283,000 EQUITY SHARES BY DR. VIJAY SANKESHWAR AND (III) 1,283,000 EQUITY SHARES BY MR. ANAND SANKESHWAR AGGREGATING UP TO RS.3,509 MILLION (THE 'OFFER FOR SALE' AND TOGETHER WITH THE FRESH ISSUE, THE 'ISSUE'). THE ISSUE WILL CONSTITUTE 25.01% OF THE FULLY DILUTED POST-ISSUE PAID-UP EQUITY SHARE CAPITA1 OF THE COMPANY.

ISSUE PRICE : RS.205 PER EQUITY SHARE OF FACE VALUE OF RS.10 EACH.
THE ISSUE PRICE IS RS.20.5 TIMES THE FACE VALUE.
ANCHOR INVESTOR ISSUE PRICE: RS.205 PER EQUITY SHARE.

BID/ISSUE: OPENED ON WEDNESDAY, APRIL 15, 2015 * CLOSED ON FRIDAY, APRIL 17, 2015 ANCHOR INVESTOR BIDDING DATE : MONDAY, APRIL 13, 2015

Tha Issue is being made in terms af Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR') read with Regulation 41 of the SEBI Regulations, and through a 100% Book Budding Process wherein 50% of tha Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') ('QIB Portion'). The Company and the Selling Shareholders may, in consultation with the GCBRLMs, allocate, up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Issue Price on a discretionary basis in accordance with SEBI Regulations ('Anchor Investor Portion'). One-third of the Anchor Investor Portion shall be reserved for allocation to domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Issue Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion ('Net QIB Portion'). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis, to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the issue Price. The unsubscribed porton in the Mutual Fund reservation will be available for allocation to QIBs. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price, all Bidders other than Anchor Investors may participate in this Issue through an Application Supported by Blocked Amount ('ASBA') process by providing the details of their respective bank accounts in which the corresponding Payment Amount will be blocked by the SCSBs. QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in the Issue. For details, see 'Issue Procedure' beginning on page 404 of the Prospectus.

The Issue received 550, 723 applications for Equity Shares (prior to technical rejections) resulting in 52.82 times subscription. The details of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIBs excluding Anchor Investors and Anchor Investors are as under (before technical rejections):

Sl. No.

Category

No. of Applications No. of Equity Shares No. of times Subscription
A Retail Individual Bidders 550,023 63,351,275 7.75
B Non-Institutional Bidders 535 859,451,775 251.03
C Qualified Institutional Buyers, (excluding Anchor Investors) 141 274,258,270 60.08
D Anchor Investors 24 8,399,300 1.23
Total 550,723 1,205,460,620 52.82

Final Demand

A summary of the final demand at different bid prices is as under:

Bid Price No of Equity Shares % to Total Cumulative Total Cumulative % of Total
195 1,208,192,085 74.26 1,208,162,085 9.05
196 1,207,920,675 74.25 2,416,082,760 18.10
197 1,207,904,100 74.25 3,623,986,860 27.16
198 1,207,890,970 74.24 4,831,877,830 36.21
199 1,207,871,015 74.24 6,039,748,845 45.26
200 1,207,863,475 74.24 7,247,612,320 54.31
201 1,207,693,630 74.23 8,455,305,950 63.36
202 1,207,678,875 74.23 9,662,984,825 72.41
203 1,207,667,630 74.23 10,870,652,455 81.46
204 1,207,659,375 74.23 12,078,311,830 90.51
205 1,207,647,285 74.23 13,285,959,115 99.56
CUTOFF 59,191,405 3.64 13,345,150,520 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on April 24, 2015.

A. Allocation lo Retail Individual Bidders (After technical rejections)

The Basis of Allotment to the Retail Individual Biddere, who have bid at cut-off or at the Issue Price of Rs 205 per Equity Share, was finalized in consultation with the Designated Stock Exchange. This category has been subscribed to the extent of 7.75 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 7,988,175 Equity Shares to 122,895 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category (No of Equity Shares applied for) No.of Applications Received % of Total Tolal No of Equity Shares applied % of Total No. of Equity Shares allotted per applicant Ratio Total No. of
Equity Shares allotted
65 461,008 86.66 29,965,520 48.42 65 182:797 6,842,810
130 23,744 4.41 3,086,720 4.99 65 29:127 352,430
195 10,246 1.90 1,997,970 3.23 65 29:127 152,100
260 7,896 1.47 2,052,960 3.32 65 29:127 117,195
325 4,106 0.76 1,334,450 2.16 65 29:127 60,970
390 2,372 0.44 925,080 1.49 65 29:127 35,230
455 4,986 0.93 2,268,630 3.67 65 29:127 73,970
520 3,366 0.63 1,750,320 2.83 65 29:127 49,985
585 862 0.16 504,270 0.81 65 29:127 12,805
650 2,064 0.36 1,341,600 2.17 65 29:127 30,615
715 757 0.14 541,255 0.87 65 29:127 11,245
780 688 0.13 536,640 0.87 65 29:127 10,205
845 382 0.07 322,790 0.52 65 29:127 5,655
910 804 0.15 731,640 1.18 65 29:127 11,895
975 14,895 2.77 14,522,625 23.47 65 29:127 221,065
TOTAL 538,176 100.00 61,882,470 100.00 7,988,175

B. Allocation to  Non-Institutional Bidders (After lechnical rejections)

The Basis of Allotment to the Non-institutional Bidders, who have bid at the issue Price of  Rs 205 per Equity Share or above, was finalized in consultation with the Designated StocK Exchange This category has been subscribed to the extent of 251.03 times, The total number of Equity Shares allotted in this category  is 3,423,500 Equily Shares to 381 successful applicants, The category-wise details of the Basis of Allotment are as under;

Category (No of Equity Shares applied for) No.of
Applications
Received
% of
Total
Tolal No of
Equity
Shares applied
% of Total No. of Equity Shares allotted per applicant Ratio Total No. of Equity Shares allotted
1040 27 5.18 28.080 0.00 65 2:27 130
1105 3 0.58 3,315 0.00 65 1:3 65
1170 1 0.19 1,170 0.00 65 1:1 65
1300 5 0.96 6,500 0.00 65 1:5 65
1365 4 0.77 5,460 0.00 65 1:4 65
1430 5 0.96 7,150 0.00 65 1:5 65
1495 5 0.96 7,475 0.00 65 1:5 65
1560 1 0.19 1,560 0 00 65 1:1 65
1625 3 0.58 4,875 0.00 65 1:3 65
1690 2 0.38 3,380 0.00 65 1:2 65
1755 2 0.38 3,510 0.00 65 1:2 65
1820 1 0.19 1,820 0.00 65 1:1 65
1885 2 0.38 3,770 0.00 65 1:2 65
1950 10 1.92 19,500 0.00 66 1:10 65
2015 3 0.58 6,045 0.00 65 1:3 65
2080 1 0.19 2,080 0.00 65 1:1 65
2145 2 0.38 4,290 0.00 65 1:2 65
2275 1 0.19 2,275 0.00 65 1:1 65
2340 1 0.19 2,340 0.00 65 1:1 65
2405 11 2.11 26,455 0.00 65 2:11 130
2470 6 1.15 14,820 0.00 65 1:6 65
2535 1 0.19 2,535 0.00 65 1:1 65
2600 1 0.19 2,600 0.00 65 1:1 65
2925 8 1.54 23,400 0.00 65 1:8 65
2990 3 0.58 8,970 0.00 65 1:3 65
Category
(No of Equity Shares applied for)
No.of
Applications
Received
% of
Total
Tolal No of
Equity
Shares applied
% of Total No.of Equity Shares allotted per applicant Ratio Total No.of Equity Shares allotted
3120 3 0.58 9,360 0.00 65 1:3 65
3315 1 0.19 3,316 0.00 65 1:1 65
3380 2 0.38 6,760 0.00 65 1:2 65
3510 1 0.19 3,510 0.00 65 1:1 65
3640 4 0.77 14,560 0.00 65 1:4 65
3900 5 0.96 19,500 0.00 65 1:5 65
3965 1 0.19 3,965 0.00 65 1:1 65
4095 2 0.38 8,190 0.00 65 1:2 65
4225 2 0.38 8,450 0.00 65 1:2 65
4290 1 0.19 4,290 0.00 65 1:1 65
4355 1 0.19 4,355 0.00 65 1:1 65
4485 1 0.19 4,485 0.00 65 1:1 65
4550 4 0.77 18,200 0.00 65 1:4 65
4810 1 0.19 4,810 0.00 65 1:1 65
4875 15 2.88 73,125 0.01 65 4:15 260
4940 2 0.38 9,880 0.00 65 1:2 65
5005 8 1.54 40,040 0.00 65 1:4 130
5135 2 0.38 10,270 0.00 65 1:2 65
5200 3 0.58 15,600 0.00 65 1:3 65
6175 4 0.77 24,700 0.00 65 2:4 130
6305 1 0.19 6,305 0.00 65 1:1 65
6500 11 2.11 71,500 0.01 65 4:11 260
6825 1 0.19 6,825 0.00 65 1:1 65
6955 1 0.19 6,955 0.00 65 1:1 65
7150 2 0.38 14,300 0.00 65 1:2 65
7280 5 0.96 36,400 0.00 65 2:5 130
7345 2 0.38 14,690 0.00 65 1:2 65
7800 2 0.38 15,600 0.00 65 1:2 65
8255 1 0.19 8,256 0.00 65 1:1 65
8710 1 0.19 8,710 0.00 65 1:1 65
9100 1 0.19 9,100 0.00 65 1:1 65
9165 1 0.19 9,165 0.00 65 1:1 65
9230 1 0.19 9,230 0.00 65 1:1 65
9750 6 1.15 58,500 0.01 65 4:6 260
9880 1 0.19 9,880 0.00 65 1:1 65
9945 2 0.38 19,890 0.00 65 1:2 65
10010 2 0.38 20,020 0.00 65 1:2 65
10985 2 0.38 21,970 0.00 65 1:2 65
11375 1 0.19 11,375 0.00 65 1:1 65
11570 1 0.19 11,570 0.00 65 1:1 65
11700 1 0.19 11,700 0.00 65 1:1 65
12155 4 0.77 48,620 0.01 65 3:4 195
12220 1 0.19 12,220 0.00 65 1:1 65
12480 1 0.19 12,480 0.00 65 1:1 65
13000 5 0.96 65,000 0.01 65 4:5 260
14625 3 0.58 43,875 0.01 65 1:1 195
15600 1 0.19 15,600 0.00 65 1:1 65
15860 1 0.19 15,860 0.00 65 1:1 65
16250 1 0.19 16,250 0.00 65 1:1 65
17485 1 0.19 17,485 0.00 70 1:1 70
18460 1 0.19 18,460 0.00 74 1:1 74
18720 1 0.19 18,720 0.00 75 1:1 75
18980 1 0.19 18,980 0.00 76 1:1 76
19500 4 0.77 78,000 0.01 78 1:1 312
20020 1 0.19 20.020 0.00 80 1:1 80
21905 4 0.77 87,620 0.01 87 1:1 348
24375 7 1.34 170,625 0.02 97 1:1 679
24440 1 0.19 24,440 0.00 97 1:1 97
24765 1 0.19 24,765 0.00 99 1:1 99
29250 1 0.19 29,250 0.00 117 1:1 117
29380 1 0.19 29,380 0.00 117 1:1 117
32630 1 0.19 32,630 0.00 130 1:1 130
34125 2 0.38 68,250 0.01 136 1:1 272
34190 1 0.19 34,190 0.00 136 1:1 136
37440 1 0.19 37,440 0.00 149 1:1 149
42900 1 0.19 42,900 0.00 171 1:1 171
43875 1 0.19 43,875 0.01 175 1:1 175
45500 1 0.19 45,500 0.01 181 1:1 181
47450 1 0.19 47,450 0.01 189 1:1 189
48750 10 1.92 487,500 0.06 194 1:1 1,940
48815 1 0.19 48,815 0.01 194 1:1 194
49985 1 0.19 49,985 0.01 199 1:1 199
50050 1 0.19 50,050 0.01 199 1:1 199
50505 1 0.19 50,505 0.01 201 1:1 201
57070 1 0.19 57,070 0.01 227 1:1 227
73060 1 0.19 73,060 0.01 291 1:1 291
73125 2 0.38 146,250 0.02 291 1:1 582
78000 1 0.19 78,000 0.01 311 1: 311
91000 1 0.19 91,000 0.01 363 1:1 363
95225 1 0.19 95,225 0.01 379 1:1 379
97500 2 0.38 195,000 0.02 388 1:1 776
98150 1 0.19 98,150 0.01 391 1:1 391
100100 5 0.96 500,500 0.06 399 1:1 1,995
102700 1 0.19 102,700 0.01 409 1:1 409
104390 1 0.19 104,390 0.01 416 1:1 416
108160 1 0.19 108,160 0.01 431 1:1 431
129220 1 0.19 129,220 0.02 515 1:1 515
146315 2 0.38 292,630 0.03 583 1:1 1,166
146380 1 0.19 146,380 0.02 583 1:1 583
150150 1 0.19 150,150 0.02 598 1:1 598
175565 1 0.19 175,565 0.02 699 1:1 699
185315 1 0.19 185,315 0.02 738 1:1 738
200005 1 0.19 200,005 0.02 797 1:1 797
200200 1 0.19 200,200 0.02 798 1:1 798
227500 1 0.19 227,500 0.03 906 1:1 906
228800 1 0.19 228,800 0.03 911 1:1 911
243880 4 0.77 975,520 0.11 972 1:1 3,888
243945 1 0.19 243,945 0.03 972 1:1 972
244010 1 0.19 244,010 0.03 972 1:1 972
247000 2 0.38 494,000 0.06 984 1:1 1,968
253500 1 0.19 253.500 0.03 1,010 1:1 1,010
292630 1 0.19 292,630 0.03 1,166 1:1 1,166
300625 1 0.19 300,625 0.03 1,198 1:1 1,198
325000 1 0.19 325,000 0.04 1,295 1:1 1,295
329225 1 0.19 329,225 0.04 1,311 1:1 1,311
378040 1 0.19 378,040 0.04 1,506 1:1 1,506
390195 1 0.19 390,195 0.05 1,554 1:1 1,554
400400 1 0.19 400,400 0.05 1,595 1:1 1,595
487500 2 0.38 975,000 0.11 1,942 1:1 3,884
487760 5 0.96 2,438,800 0.28 1,943 1:1 9,715
487825 1 0.19 487,825 0.06 1,943 1:1 1,943
488020 2 0.38 976,040 0.11 1,944 1:1 3,888
488150 3 0.58 1,464,450 0.17 1,945 1:1 5,835
500045 2 0.38 1,000,090 0.12 1,992 1:1 3,984
536575 3 0.58 1,609,725 0.19 2,137 1:1 6,411
731705 3 0.58 2,195,115 0.26 2,915 1:1 8,745
739960 3 0.58 2,219,880 0.26 2,948 1:1 8,844
750750 1 0.19 750,750 0.09 2,991 1:1 2,991
780000 1 0.19 780,000 0.09 3,107 1:1 3,107
799500 1 0.19 799,500 0.09 3,185 1:1 3,185
828750 1 0.19 828,750 0.10 3,301 1:1 3,301
868400 1 0.19 868,400 0.10 3,459 1:1 3,459
Category (No of Equity Shares applied for) No.of
Applications
Received
% of
Total
Tolal No of
Equity
Shares applied
% of
Total
No.of Equity Shares allotted per applicant Raito Total
No.of Equity Shares allotted
975000 1 0.19 975,000 0.11 3,884 1:1 3,884
975585 5 0.96 4,877,925 0.57 3,886 1:1 19,430
975650 2 0.38 1,951,300 0.23 3,887 1:1 7,774
999960 1 0.19 999,960 0.12 3,983 1:1 3,983
1072500 2 0.38 2,145,000 0.25 4,272 1:1 8,544
1219075 1 0.19 1,219,075 0.14 4,856 1:1 4,856
1219465 3 0.58 3,658,395 0.43 4,856 1:1 14,574
1219530 1 0.19 1,219,530 0.14 4,858 1:1 4,858
1224925 1 0.19 1,224,925 0.14 4,880 1:1 4,880
1226500 1 0.19 1,228,500 0.14 4,894 1:1 4,894
1251250 1 0.19 1,251,250 0.15 4,984 1:1 4,984
1319955 1 0.19 1,319,955 0.15 5,258 1:1 5,258
1365845 4 0.77 5,463,380 0.64 5,441 1:1 21,764
1462500 1 0.19 1,462,500 0.17 5,826 1:1 5,826
1463410 1 0.19 1,463,410 0.17 5,830 1:1 5,830
1649050 1 0.19 1,649,050 0.19 6,569 1:1 6,569
1699750 1 0.19 1,699,750 0.20 6,771 1:1 6,771
1707290 1 0.19 1,707,290 0.20 6,801 1:1 6,801
1804920 1 0.19 1,804,920 0.21 7,190 1:1 7,190
1859000 1 0.19 1,859,000 0.22 7,405 1:1 7,405
1950000 2 0.38 3,900,000 0.45 7,768 1:1 15,536
1951170 1 0.19 1,951,170 0.23 7,773 1:1 7,773
1956500 1 0.19 1,956,500 0.23 7,794 1:1 7,794
2152150 1 0.19 2,152,150 0.25 8,573 1:1 8,573
2349945 8 1.54 18,799,560 2.19 9,361 1:1 74,888
2437500 1 0.19 2,437,500 0.28 9,710 1:1 9,710
2438930 1 0.19 2,438,930 0.28 9,716 1:1 9,716
2438995 7 1.34 17,072,965 1.99 9,716 1:1 68,012
2439060 1 0.19 2,439,060 0.28 9,716 1:1 9,716
2439125 1 0.19 2,439,126 0.28 9,716 1:1 9,716
2449850 2 0.38 4,899,700 0.57 9,759 1:1 19,518
2452450 1 0.19 2,452,450 0.29 9,769 1:1 9,769
2463370 1 0.19 2,463,370 0.29 9,813 1:1 9,813
2463500 1 0.19 2,463,500 0.29 9,813 1:1 9,813
2479000 3 0.58 7,410,000 0.86 9,839 1:1 29,517
2925000 2 0.38 5,850,000 0.68 11,652 1:1 23,304
2926820 1 0.19 2,926,820 0.34 11,659 1:1 11,659
2999945 1 0.19 2,999,945 0.35 11,950 1:1 11,950
3073200 1 0.19 3,073,200 0.36 12,242 1:1 12,242
3178500 1 0.19 3,178,500 0.37 12,662 1:1 12,662
3658525 2 0.38 7,317,050 0.85 14,574 1:1 29,148
3699995 1 0.19 3,699,995 0.43 14,739 1:1 14,739
3699675 1 0.19 3,899,675 0.45 15,535 1:1 15,535
3903900 1 0.19 3,903,900 0.45 15,551 1:1 15,551
3932500 1 0.19 3,932,500 0.46 15,665 1:1 15,665
4146285 1 0.19 4,146285 0.48 16,517 1:1 16,517
4160000 16 3.45 74,880,000 8.71 16,572 1:1 298,296
4869995 2 0.38 9,739,990 1.13 19,400 1:1 38,800
4877990 5 0.96 24,389,950 2.84 19,432 1:1 97,160
4876055 1 0.19 4,878,055 0.57 19,432 1:1 19,432
4899700 7 1.34 34,297,900 3.99 19,518 1:1 136,626
4904900 1 0.19 4,904,900 0.57 19,539 1:1 19,539
4927000 1 0.19 4,927,000 0.57 19.627 1:1 19,627
4940000 1 019 4,940,000 0.57 19,679 1:1 19,679
5005000 1 0.19 5,005,000 0.58 19,938 1:1 19,938
5266815 1 0.19 5,268,315 0.61 20,987 1:1 20,987
5365815 2 0.38 10731630 1.25 21,375 1:1 42,750
5605600 1 0.19 5,605,600 0.65 22,330 1:1 22,330
5609760 1 019 5,609,760 0.65 22,347 1:1 22,347
5653640 6 1.15 35,121,840 4..09 23,318 1:1 139,908
6097520 1 0.19 6,097,520 0.71 24,290 1:1 24,290
6341465 1 0.19 6,341,465 0.74 25,261 1:1 25,261
6585345 1 0.19 6,585,345 0.77 26,233 1:1 26,233
6585410 1 0.19 6,585,410 0.77 26,233 1:1 26,233
6651190 1 0.19 6,651,190 0.77 26,495 1:1 26,495
6829225 1 0.19 6,829,225 0.79 27,204 1:1 27,204
7317050 1 0.19 7,317,050 0.85 29,148 1:1 29,148
7349940 4 0.77 29,399,760 3.42 29,279 1:1 117,116
7390890 1 0.19 7,390,890 0 86 29,442 1:1 29,442
7804875 2 0.38 15,609,750 1.82 31,091 1:1 62,182
8375575 1 0.19 8,375,575 0 97 33,364 1:1 33,364
9756500 2 0 38 19,513,000 2 27 38,865 1:1 77,730
9759750 1 0.19 9,759,750 1.14 38,878 1:1 38,878
9799985 3 0.58 29,399,955 3.42 39,039 1:1 117,117
9800050 2 0.38 19,600,100 2.28 39,039 1:1 78,078
9854000 1 0.19 9,854,000 1.15 39,254 1:1 39,254
10855000 1 0.19 10,855,000 1.26 43,241 1:1 43,241
11824345 1 0.19 11,824,345 1.38 47,103 1:1 47,103
12299950 1 0.19 12,299,950 1.43 48,997 1:1 48,997
12316200 1 0.19 12,316,200 1.43 49,062 1:1 49,062
12318280 1 0.19 12,318,280 1.43 49,070 1:1 49,070
13414570 1 0.19 13,414,570 1.56 53,436 1:1 53,436
14777750 3 0.58 44,333,250 5.16 58,868 1:1 176,604
16097510 8 1.54 128,780,080 14.98 63,896 1:1 511,168
TOTAL 100.00 859,411,670 100.00 3,423,500

C. Allocation to QIBs (excluding  Anchor Investors)

Allotment to QIBs, who have bid at the Issue Price of Rs.205 per Equity Share or above. has been done on a proportionate basis in consulation with the Designated Stock Exchange. This category has been subscribed to the extend of 60.08 time of Net QIB portion. As per the SEBI Regulations, Mutual Funds were alloted 5% of the Equity Shares of Net QIB portion available i.e. 228,234 Equity  Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 4,336.430 Equity Shares on a  proportinate basis. The total number of Equity Shares allotted in the   QIB category  is 4,564,664 Equity Shares, which were allotted to 138 successful Applicants.

Category FIs/Banks MFs ICs VCs AIF Fll Total
QIB 930,918 1,233,902 415,120 59,242 0 1,925,482 4,564,664

D.Allocation to Anchor Investors

The Company and Selling Shareholders have allotted 6,846,994 Equity Shares to 15 Anchor Investors, in consultation with the BRLMs. In accordance with the SEBI Regulations, this represents 59.99% of the QIB Portion.

The IPO Ccmmittee of our Company at its meeting held on April 25,2015 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares 10 various successful applications. The CAN-cum-Refund Order and allottement advices are being dispatched to the SCSBs are being dispatched to the adddress of the investors as registered with the depositories on or   before April 28. 2015.Further instructuions to be SCBSs are being dispatched/mailed on or before April 28, 2015. Incase the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Advices are being over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees are being uploaded on or before April 28. 2015 for credit into the respective beneficiary  accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 12 Worting Days of the closure of the Issue.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue. Karvy Computershare Private Limited at http://www.karisma.karvy.com.

All future correspondences in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of the Bid-Cum-Application form, number or Equity Shares bid for name of the Member of the Syndicate, place where the bid was submitted and  payment details at the address given below:

Karvy Computershare Private Limited
Plot no.17-24 Vittal Rao Nagar, Madhapur, Hyderabad 500 081
Tel: +91(40) 4465 5000; Fax: +91 (40) 2343 1551 
E-mail/investor grievance ID: vrl.ipo@karvy.com  
Website: http://karishma.karvy.com, Contact Person: Mr. M Murali krishna
SEBI Registration No.:INR000000221

Place: Hubballi
Date : April 27, 2015

 

For VRL LOGISTICS LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

VRL Logistics IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in VRL Logistics IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The VRL Logistics IPO basis of allotment (published above) tells you how shares are allocated to you in VRL Logistics IPO and category wise demand of IPO share.

Visit the VRL Logistics IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in VRL Logistics IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).