VRL Logistics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,411,658 (50%) | — | ₹23,394 Cr |
| NII (HNI) | — | 3,423,500 (15%) | — | ₹7,018 Cr |
| Retail | — | 7,988,175 (35%) | — | ₹16,376 Cr |
| Σ Total | — | 22,823,333 (100%) | — | ₹467,878 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹13,325 |
| Retail (Max) | 13 | 845 | ₹173,225 |
| S-HNI (Min) | 14 | 910 | ₹186,550 |
| B-HNI (Min) | 67 | 4,355 | ₹892,775 |
Financial Statements Amount In Crore
| Metric | 31-Dec-14 | 31-Mar-14 | 31-Mar-13 |
|---|---|---|---|
| Revenue | 1,279 | 1,504 | 1,335 |
| Profit After Tax | 72 | 57 | 46 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Purchase of goods transportation vehicles – 6.74
- 2 Repayment/pre-payment, in full or part, of certain borrowings availed by our Company – 2.80
- 3 General corporate purposes – 1.29
Company Overview
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.