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