PuneinvestPuneinvest
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Reading: IPO Issue – VRL Logistics Ltd – April 2015
Share
Aa
PuneinvestPuneinvest
Aa
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Search
  • Mutual Fund
  • Fixed Deposit
  • SIP Cancellation
  • Capital Gain Bond
  • Web Stories
  • Financial Planning
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Puneinvest > Blog > IPO > IPO Issue – VRL Logistics Ltd – April 2015
IPO

IPO Issue – VRL Logistics Ltd – April 2015

Last updated: 2022/05/06 at 6:19 AM
Rajendra Todkar Published April 14, 2015
Share
- Advertisement -

vrlVRL Logistics Ltd  is coming up with a further Public Offer  (IPO) of its shares between 15 April 2015  to 17 April 2015.

The price band of issue is Rs. 195 (Floor Price) to Rs. 205 (Cap Price).

The minimum application size and bid lot  65 Equity Shares and in multiples of 65 Equity Shares thereof.

[wptabs mode=”horizontal”]

- Advertisement -

[wptabtitle] Issue Details[/wptabtitle] [wptabcontent]

[ws_table id=”694″]

VRL IPO Payment Schedule for Retail Application  

[ws_table id=”695″]

[/wptabcontent]

[wptabtitle] Company Profile[/wptabtitle] [wptabcontent]

About Company Business:

VRL Logistics Ltd (VRL) is one of the leading pan-India surface logistics and parcel delivery service providers, with the largest fleet of owned and operated commercial vehicles in the private sector in India. VRL’s goods transportation network spans across India through 624 branches and 346 agencies.

Contents
VRL IPO Payment Schedule for Retail Application  About Company Business:VRL Logistics Ltd -ISIN, Script Code, Listing & Allotment Details in Below Table-  

As of December 31, 2014, the company’s owned fleet of goods transportation vehicles stood at 3,546. This allows the company gain access even to the remote regions of the country. At the higher price band of Rs205, the stock is valued at 7.6x annualized FY2015E EV/EBITDA and appears attractive as compared to its listed peers such as Transport Corporation of India (TCI) and Gati which trade at 12.2x and 16.6x FY2015E EV/EBITDA, respectively.

With the government’s thrust on infrastructure improving, the logistic sector is set to be on a growth trajectory, we expect VRL to be a beneficiary of the same. Given the company’s good track record coupled with reforms in the transportation industry, healthy financials and comfortable valuations 

Objects of the issue: The IPO consists of 0.57-0.60 crore fresh issue of shares aggregating up to Rs117 crore and the balance an offer for sale of 1.71 crore shares by promoters aggregating up to Rs351 crore. The proceeds would be utilized for: a) Purchase of goods transportation vehicles, b) Repayment/pre-payment of loan and c) General corporate purposes.

Potential opportunities seen in the logistic sector: Over 2009-14, the logistics market in India has grown at a 9% CAGR to stand at $120 billion in 2014. With the government’s increasing thrust on the transportation segment and initiatives like ‘Make in India’ along with increasing investments are expected to provide potential opportunities for the logistics sector. Further, the implementation of the Goods and Service Tax (GST) would be an added growth trigger for the sector.

Large fleet of owned vehicles: As of December 31, 2014, VRL’s owned fleet of goods transportation vehicles stood at 3,546. VRL also provides bus services focused on urban commute and connection between tier 2 and 3 cities. As of December 31, 2014, VRL owned and operated 455 buses (including 53 staff buses). It has dedicated in-house maintenance facilities and technology capabilities which ensures efficient running of vehicles and quality service.

Risk factors:

  1. Increase in fuel costs,
  2. Delay in supply of equipment by third parties and
  3. Change in vehicle emission and age norms;

Valuations: At the higher price band of Rs205, VRL is valued at 7.6x annualized FY2015E EV/EBITDA and appears attractive as compared to its peers TCI and Gati which trade at 12.2x and 16.6x FY2015E EV/EBITDA, respectively. We believe the current valuations of VRL are comfortable as compared to its listed peers and recommend investors to Subscribe to the IPO.

[/wptabcontent]

[wptabtitle] Allotment & Listing Details[/wptabtitle] [wptabcontent]

 Allotment Link VRL IPO 

VRL Logistics Ltd -ISIN, Script Code, Listing & Allotment Details in Below Table-  

[ws_table id=”704″]

[l2g name=”BSE-Notices” id=”6714″]

[/wptabcontent]

[/wptabs]

Collection Center @ Pune

7, Omkar Corner, opp Cosmos Bank ,

Tilak Road, Sadashiv Peth,

Pune 411030

Mobile:  800 775 0904 / 77 1991 7444

 

 

You Might Also Like

Avenue Supermarts Ltd (DMart)

IPO Note – Aether Industries Ltd

IPO Note -ETHOS Ltd

IPO Note – eMudhra Ltd

IPO Note – Paradeep Phosphates Ltd

IPO Note – Venus Pipes & Tubes Ltd

IPO Note – Delhivery Ltd

IPO Note – Prudent Corporate Advisory

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share this Article
Facebook Twitter Email Copy Link Print
Previous Article NCD Issue -SREI Equipment Finance Ltd – Apr. 2015
Next Article IPO Issue MEP Infrastructure Developer Ltd – Apr 2015
- Advertisement -

Latest Post

  • An Introduction to the Indian Stock Market: Understanding How it Works
  • New Fund Offer: Axis Business Cycle Fund
  • Stock Market Indices: Understanding Nifty, Sensex, and Other Indexes
  • The Time and Money You Need for 1 Crore via Mutual Fund SIP
  • BNPL vs Credit Cards: Which is Right for You?

Category

  • BNPL
  • Bonds
  • Calculators
  • Capital Gain Bond
  • Child Planning
  • Credit Card
  • Featured
  • Financial Planning
  • Fixed Deposit
  • Gold
  • health Insurance
  • IPO
  • MF SIP
  • Mutual Fund
  • Mutual Fund Overview
  • Mutual Fund Service
  • NCD
  • New Fund Offer
  • Post Office
  • Retirement Planning
  • Stock Market
  • Tax Free Bonds
  • Tax Saving Scheme

You Might Also Like

Avenue Supermarts Ltd (DMart)

January 1, 2023
Ipo update aether ind
IPO

IPO Note – Aether Industries Ltd

May 22, 2022
Ipo update
IPO

IPO Note -ETHOS Ltd

May 18, 2022
Ipo update
IPO

IPO Note – eMudhra Ltd

May 17, 2022
Ipo update
IPO

IPO Note – Paradeep Phosphates Ltd

May 13, 2022
Ipo update
IPO

IPO Note – Venus Pipes & Tubes Ltd

May 11, 2022
Ipo note delhivery ltd
IPO

IPO Note – Delhivery Ltd

May 10, 2022
Ipo update
IPO

IPO Note – Prudent Corporate Advisory

May 10, 2022
Show More

© 2011 Puneinvest. All Rights Reserved.

  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • About Us
  • Our Services
  • Contact Us

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?