The company provides a range of services including contract logistics, less than truck load ltl and fleet rental services. Vrl soon expanded its service to bangalore, hubli and belgaum. Tentative dates of vrl logistic allotment is 27042015, refund on 28042015, listing on 04052015. Vrl is largest and leading traportation and logistics company in india. Nsr certifies that all statements and undertakings made by. Vrl logistics ltd is one of the leading logistics service providers in the country. Vrl logistics files draft paper with sebi for ipo the proceed of the issue are to be utilised for expanding the companys existing fleet of goods transportation vehicles, repayment of loan and for other general corporate purpose. Vrl logistics ipo subscription status bidding detail. Though profits for 20 and 2014 are low, vrl logistics ipo looks promising.
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. In case of any doubt, please contact accounts for clarification. Last month, it had cut down its offerforsale portion after the ipo of ortel communications failed to attract investors. Vrl logistics is the fourth company to hit the capital market with an ipo this year.
Read more about vrl logistics ipo subscribed 74 times on business standard. Download mahindra logistics ipo red herring prospectus. 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. Vrl enjoys a wide distribution network in 28 states and 4 union territories comprising of 624 branches incl 48 hubs and 346 agencies. 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. 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. Find out vrl logistics ipo issue price, subscription dates and status, vrl logistics ipo listing date and more. 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. Vrl logistics files draft paper with sebi for ipo the. Jan 27, 2015 bengalurus nontech companies set for ipos. The details vrl is actually vijayanand roadlines, and is a company close to where i live bangalore. The vrl logistics ipo shows money is easily available for good. Vrl logistics stock discussion forum online india, can i.
Within a short span of time we have emerged as the largest fleet owner of commercial vehicles in indias private sector. Check out the share price of blue dart now and where it was 5 years ago. Vrl is largent and service oriented company in passenger traportation and travel industry. Vrl logistics stock discussion forum online india, can i buy.
Vrl logistics limited 34th annual report 201617 4 7. Draft red herring prospectus please read section 60b of the. Can i buy vrl logistics, should i buy vrl logistics, do i buy vrl logistics. Initial public offeringipo is where a previously unlisted company sells new or existing securities and offers them to the public for the first time. Industry composite comprises of mahindra logistics limited, vrl. Vrl logistics ltd vrl, a karnataka based company is one of the leading panindia surface logistics and parcel delivery service providers. 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. Apr 16, 2015 vrl logistics is the fourth company to hit the capital market with an ipo this year. 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 ipo subscribed 74 times the economic times.
The rs 460 croreinitial public offering ipo of vrl logistics was oversubscribed 74 times, led. Meaning, process, recent ipos, factors considered, example. For nsr, this is the second portfolio firm to float ipo this year. With the strong demand from all categories of investors, and.
Today capitaline corporate database cover more than 35,000 listed and unlisted indian companies. Formed in 1986, capital market publishers india pvt ltd pioneered corporate databases and stock market magazine in india. Vrl logistics ipo is a mainboard ipo of 23,116,000 equity shares of the face value of. Initial public offeringipo is where a previously unlisted company sells new or. Private equity firm new silk route has invested rs 175 crore in vrl logistics ltd, a company based in hubli, karnataka. Vrl logistics, and cancer care specialists hcg, are all in various stages of readying for a possible initial public offer ipo.
Vrl logistics lists at 40% premium to offer price business. Vrl logistics ipo subscription status today live update. Vrl logistics ipo 30days listing report ipo central. Yes, definitely vrl logicstics is a very good investment. Vrl logistics limited formerly vijayanand roadlines ltd. The vrl logistics ipo allotment status is expected on or around. After an ipo, the issuing company becomes a publically listed company on a recognized stock exchange. Business operations of vrl group include road transportation, logistics, publishing etc. Initially started with a fleet of a single vehicle, it soon expanded in terms of network and turned out to be one of the leading logistics courier companies in india. Apr 10, 2020 i ritco logistics limited is a company engaged in the business of providing goods transport service along with warehousing facilities. Vrl tracking link and number can be found on the receipt given to you. The company became a deemed public limited company with effect from july 1, 1994. Vrl logistics ltd is in the business of providing surface logistics and parcel delivery across 28 states in india. Vrl logistics, and cancer care specialists hcg, are all in various stages of readying for a.
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. Vrl logistics is one of the leading panindia surface logistics and parcel delivery service providers. 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. Browse vrl logistics stock discussion, ideas, questions and answers online at. An electronic copy of the bid cum application form will also be available for download on the websites.
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. Apr 15, 2015 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. The minimum order quantity is 65 shares per application and the offer type is book built issue. Red herring prospectus about or in relation to itself and the equity shares of. Thus, an ipo is also commonly known as going public.
Krchoksey has come out with its report on vrl logistics ipo. After all, logistics and ecommerce are the main driving factors of indian economy. The ipo allotment is expected to take place within 2 weeks of the closing of the ipo. It also captures the holding period returns and annual returns. Kumaraswamy son wedding epfo challan filing deadline extended how to. Vrl logistics raises pe funding from new silk route vccircle. Apr 15, 2015 vrl logistics ipo is a mainboard ipo of 23,116,000 equity shares of the face value of. Draft red herring prospectus december 18, 2014 please read section 32 of the companies act, 20 this draft red herring prospectus will be updated upon filing with the roc 100% book built issue vrl logistics limited. Vrl logistics ipo allotment status indian share broker.
Blogs seminar free downloads career services gallery. The name of the company was changed to vrl logistics limited and a fresh certificate of. Latest technologies and standards are constantly being adopted to keep the database userfriendly, comprehensive and uptodate. Click here to download the android app from play store. Karnataka based vrl logistics limited ipo would hit the market on 15th april, 2015. Vrl logistics ipo subscribed 74 times business standard. 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. 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. This is nsrs first investment in the logistics and transportation sector. About vrl logistics ltd company information capitalmarket. The details of unclaimed dividend and ipo share application money. 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. Can i buy vrl logistics, should i buy vrl logistics, do i buy vrl. Vrl logistics ltd ipo allotment status is not available at this time.
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. Vrl logistics gains on ipo index inclusion india infoline. A formal legal document describing the details of the company is. The research firm has recommended to subscribe to the issue. Apr 18, 2015 vrl logistics ipo subscribed 74 times the qualified institutional buyers qibs category was subscribed 1. Vrl had previously filed its drhp in december 2010 but did not go ahead with the ipo.
Visit the vrl logistics ipo allotment status page to check the number of shares allocated to your application. The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges and for the offer for sale. 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. Get detailed report, 52 week high low and company news on nirmal bang. By 7 pm, the vrl ipos institutional portion was subscribed 58 times, while the high. Ipo market struggles to sustain euphoria of stock exchanges. Draft red herring prospectus please read section 60b.
Logistics is the backbone of the economy, providing the efficient, cost effective flow of goods on which other commercial sectors depend. Live vrl logistics share price 52 week highlow stocks. Bengalurus nontech companies set for ipos times of india. The vrl logistics ipo shares are offered online only. 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. Ive been a long time user of their buses, travelling between bangalore and mangalore during. Vrl logistics price band of inr195205 per share came at the pe range of 1718 times, compared to pe. Oct 28, 2017 the ipo will see parent mahindra group, normandy holdings, and private equity firm kedaara capital together offloading up to 19. The issue did sail through after the overall issue size was reduced. Apr 09, 2015 vrl logistics limited ipo should you invest. Apr 17, 2015 yes, definitely vrl logicstics is a very good investment.
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