The ipo allotment is expected to take place within 2 weeks of the closing of the ipo. Price on page 110 of this red herring prospectus should not be. Icici prudential life insurance company limited ipo red herring prospectus. The details of unclaimed dividend and ipo share application money along with their due dates for transfer to iepf is provided. After an ipo, the issuing company becomes a publically listed company on a recognized stock exchange. Apr 09, 2015 vrl logistics limited ipo should you invest. The company is mainly engaged in the business of surface logistics and parcel delivery on panindia level with. Initial public offering ipo is where a previously unlisted company sells new or existing securities and offers them to the public for the first time. 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. Vrl logistics has filed draft papers with the market regulator sebi to raise funds through an initial public offer. Draft red herring prospectus in relation to itself in connection with the offer for sale and the equity shares offered by it in the offer for sale. Saudi aramcos record ipo starts november 17, prospectus says. Vrl logistics red herring prospectus vrl logistics limited track record file.
Vrl logistics files draft paper with sebi for ipo the. The company owned and operated the largest fleet of commercial vehicles in the private sector. Vrl logistics ltd vrl is one of the leading panindia surface logistics and parcel. The minimum order quantity is 35 shares per application and the offer type is book built issue. In april 2015, vrl logistics successfully completed an initial public offering ipo which received overwhelming response from the investors and was oversubscribed by more than 74 times thereby making this ipo a historical one. Vrl logistics fared very well on this front with pricing the issue at a discount to its listed peers like gati and transport corporation of india. Industry composite comprises of mahindra logistics limited, vrl logistics limited, transport. The company emerged very successful in its maiden public equity offering. Vrl logistics ipo winner takes all jainmatrix investments. Initial public offering ipo find ipo issues, new ipo issues, upcoming ipo issues, recently listed ipo issues in india and closed ipo issues. Where can i get the vrl logistics ipo prospectus pdf. In case of any doubt, please contact accounts for clarification. Ritco logistics ipo comprises of up to 66,00,000 equity shares of rs. We are particularly severe on modeling the earnings of mahindra logistics with 80% earnings cut in fy21e.
Vrl logistics lists at 40% premium to offer price business. Matters beginning on page 128 of this draft red herring prospectus. Keep track on current, forthcoming and closed ipos at indiainfoline. The rs 460 crore initial public offering ipo of vrl logistics received a massive 74 times subscription led by strong demand from all category of investors. Pnc infratech ipo details ipo date, price, gmp, analysis.
The company is mainly engaged in the business of surface logistics and parcel delivery on panindia level with the presence. Business operations of vrl group include road transportation, logistics, publishing etc. Investment in securities market are subject to market risks, read all the related documents carefully before investing this is to notify and alert our clients and other stakeholders about the communication from securities and exchange board of india that some fraudster entities operating throughout india have been sending bulk messages to clients trading on recognized stock. Tentative dates of vrl logistic allotment is 27042015, refund on 28042015, listing on 04052015. About vrl logistics ltd company information capitalmarket. Vrl logistics ipo update pat cagr of 19% fy1014 source. Read expert opinions, top news, insights and trends on the economic times. Vrl logistics financials, by jainmatrix investments. Check out the share price of blue dart now and where it was 5 years ago. Logistics is the backbone of the economy, providing the efficient, cost effective flow of goods on which other commercial sectors depend. Vrl is largent and service oriented company in passenger traportation and travel industry. Though profits for 20 and 2014 are low, vrl logistics ipo looks promising. Within a short span of time we have emerged as the largest fleet owner of. Vrl logistics capital structure get the latest information on vrl logistics financial capital.
Vrl logistics ipo frequently asked questions chittorgarh. Law ipo ppt free download as powerpoint presentation. Draft red herring prospectus dated december 10, 2010 please read section 60b of the companies act, 1956 this draft red herring prospectus will be updated upon filing with the roc 100% book built issue vrl logistics limited. Top stock brokers in india top 10 discount brokers top 10 fullservice brokers lifetime free demat account best broker for beginners more reports. Vrl logistics ipo subscribed 74 times business standard news. The price band for the ipo has been set at rs 195 to rs 205 a share. Vrl is largest and leading traportation and logistics company in india. After all, logistics and ecommerce are the main driving factors of indian economy. Vrl logistics is one of the leading panindia surface logistics and parcel delivery service providers. Vrl logistics limited has informed the exchange regarding proceedings of annual general meeting held on august 10, 2019. The rs 460 croreinitial public offering ipo of vrl logistics was oversubscribed 74 times, led by strong demand from all category of investors. Vrl logistics raises pe funding from new silk route vccircle. Transfer of unpaid and unclaimed amount to iepf during the year under consideration, no amount was due for transfer to iepf as per section 125 of the companies act, 20.
This 45 minutes session starts at 9 am and ends at 9. The issue was oversubscribed over 74 times making it one of the most successful ipo in the last decade. Ritco logistics limited is engaged in the business of providing surface logistics services viz. Draft red herring prospectus please read section 60b.
Prospectus april 20, 2015 please read sections 26 and 32 of the companies act, 20 book built issue vrl logistics limited the company was originally incorporated as a private limited company under the name of vijayanand roadlines private limited on. The grade indicates that the fundamentals of the issue are below. It also captures the holding period returns and annual returns. Nsr certifies that all statements and undertakings made by. Vrl logistics capital structure the economic times. Find ipo date, price, live subscription, allotment, grey market premium gmp, listing date, analysis and.
The regular trading starts at 10 am on listing day. Vrl logistics limited will be held on saturday, 10th august 2019 at 4. Investment guru stocks mutual funds commodity currency. 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 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 the registrar of companies, karnataka on august 25, 2006. The service offering of the company in the logistics space are goods transport, passenger transport and courier services apart from transport of passenger by air and wind power generation business.
Vrl logistics ltd is one of the leading logistics service providers in the country. Meaning, process, recent ipos, factors considered, example. The details of unclaimed dividend and ipo share application money. Vrl logistics is entering the primary market on wednesday 15th april 2015, through a fresh issue of rs. Ipo note call toll free 18004258282 vrl logistics limited.
Thus, an ipo is also commonly known as going public. Vrl logistics limited 34th annual report 201617 4 7. Apr 16, 2015 vrl logistics is the fourth company to hit the capital market with an ipo this year. Vrl logistics ltd ipo allotment status is not available at this time. Krchoksey has come out with its report on vrl logistics ipo. Vrl logistics limited year 2015 is one of the significant landmarks in the history of vrl logistics limited.
Vijay sankeshwar, vrl logistics vrl is one of the leading pan india surface logistics and parcel delivery service provider. Vrl logistics limited shareholders meeting best stock. The ipo opens on may 8, 2015 and closes on may 12, 2015. Vrl logistics ipo 30days listing report ipo central. The initial public offer ipo of vrl logistics opens for bidding through the book building route on 15 april 2015.
Company, phillipcapital india research the company has shown a pat cagr growth of 19% over fy10fy14. Rhp deferred tax credit for the year 201112 includes reversal of deferred tax liability of rs. Find vrl logistics ltd ipo date, price, allotment date, gmp, news and subscription. The company was originally incorporated as a private limited company under the name of vijayanand roadlines pvt. Actionable insights on equities, fixedincome, macros and personal finance start 14days free trial actionable investing insights get free trial stocks vrl logistics ipo. The vrl logistics ipo is rated medium risk, but a buy, with a 2 year holding period. Vrl logistics ipo prospectus vrl logistics ipo drhp vrl logistics ipo rhp. Vrl is currently the largest fleet owner of commercial vehicles in india with a. Initial public offeringipo is where a previously unlisted company sells new or existing securities and offers them to the public for the first time. Vrl logistics ltd is in the business of providing surface logistics and parcel delivery across 28 states in india. The details of unclaimed dividend and ipo share application money alongwith.
Vrl logistics ltd is indias leading surface logistics and parcel delivery company with one of the largest fleet size of 4000 goods transport vehicle. Mahindra logistics ltd, the logistics and transport service unit of mahindra. Vrl logistics ipo allotment status indian share broker. Get the latest news on upcoming ipos and performance of all iposfpos in india. Vrl logistics ltd vrl own and operates the largest fleet of commercial vehicles in the private sector in india as of may 2012 and is one of the leading panindia surface logistics and. Mahindra logistics will be looking to follow the footsteps of vrl logistics when it hits the primary markets through maiden offer next week. Apr 10, 2015 vrls 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. Yes, definitely vrl logicstics is a very good investment. Vrl logistics limited formerly vijayanand roadlines ltd.
Shares of vrl logistics, which listed today, opened at rs 288 on the bombay stock exchange bse, a premium of 40% to the offer price of rs 205. The rs 460 croreinitial public offering ipo of vrl logistics received a massive 74 times subscription led by strong demand from all category of investors. Icici prudential ipo track record pdf, 46kb icici prudential life insurance company limited ipo draft red herring prospectus. Vrl logistics ipo is a mainboard ipo of 23,116,000 equity shares of the face value of. Apr 24, 2012 private equity firm new silk route has invested rs 175 crore in vrl logistics ltd, a company based in hubli, karnataka. Top stock brokers in india top 10 discount brokers top 10 fullservice brokers lifetime free demat.
May 08, 2015 pnc infratech ipo is a mainboard ipo of 12,921,708 equity shares of the face value of. Vrl appears to be business wise aggressive while financially sound, using pe funding for new ventures, and ensuring positive fcf for 5 of the last 6 years. Operating its owned vehicles enables the company to significantly reduce hiring and operational costs. Earlier in december 2010, the karnatakabased company had filed draft documents with sebi for an ipo of 2.
The research firm has recommended to subscribe to the issue. Karnataka based vrl logistics limited ipo would hit the market on 15th april, 2015. Mar 20, 2018 initial public offeringipo is where a previously unlisted company sells new or existing securities and offers them to the public for the first time. A formal legal document describing the details of the. Bse and nse allow a preopen trading on listing day. Vrl logistics price band of inr195205 per share came at the pe range of 1718 times, compared to pe multiples in excess of 20 for its competitors.
Snowman logistics, vrl logistics, allcargo logistics, sical logistics and. Vrl is primarily engaged in the goods transportation and logistics services business. Business operations of vrl group include road transportation, logistics. Read more about vrl logistics ipo subscribed 74 times on business standard. Vrl logistics ltd today is the leader in the parcel transportation business in india in fact the only organized segment player with a clear focus on the parcel segment and has an extensive. Apr 15, 2015 vrl logistics ipo listing date is apr 30, 2015. Vrl logistics ltd vrl own and operates the largest fleet of commercial vehicles in the private sector in india as of may 2012 and is one of the leading panindia surface logistics and parcel delivery service providers. India level through its 624 branches of which 48 act as strategic transshipment hubs.99 173 413 1463 147 56 1307 607 1418 209 918 829 1372 1313 875 212 727 1355 499 381 795 1193 932 725 1073 749 8 1079 745 314 444 1192 343 627 14 262 1273 138 715