The company provides a range of services including contract logistics, less than truck load ltl and fleet rental services. Today capitaline corporate database cover more than 35,000 listed and unlisted indian companies. Red herring prospectus india, red herring prospectus. Vrl had previously filed its drhp in december 2010 but did not go ahead with the ipo. Though profits for 20 and 2014 are low, vrl logistics ipo looks promising. This offering the offering is the initial public offering of the shares and. Vrl logistics ipo winner takes all jainmatrix investments. India level through its 624 branches of which 48 act as strategic transshipment hubs.
Keep track on current, forthcoming and closed ipos at indiainfoline. The company became a deemed public limited company with effect from july 1, 1994. 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. Ive been a long time user of their buses, travelling between bangalore and mangalore during. On june 9, 2016, safe promulgated the notice of the state administration of. 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. This is an initial public offering of american depositary shares, or adss, by huize. Find out more about the signify, formerly philips lighting ipo. In 2016, we took another leap and made the strategic decision to expand our. This draft red herring prospectus uses certain definitions and abbreviations which, unless the context otherwise indicates or implies or it is specified otherwise, shall have the meaning as provided below. 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 price band of inr195205 per share came at the pe range of 1718 times, compared to pe.
Tech ventures are unlikely to join in because those who need significant capital are able to raise money in private markets. Vrl logistics ltd is one of the leading panindia surface logistics and parcel delivery service providers. For nsr, this is the second portfolio firm to float ipo this year. After an ipo, the issuing company becomes a publically listed company on a recognized stock exchange. Earlier in december 2010, the karnatakabased company had filed draft documents with sebi for an ipo of 2. 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. Latest technologies and standards are constantly being adopted to keep the database userfriendly, comprehensive and uptodate.
Vrl logistics ltd is indias leading surface logistics and parcel delivery company with one of the largest fleet size of 4000 goods transport vehicle. 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. The initial public offer ipo of vrl logistics opens for bidding through the book building route on 15 april 2015. Our scalable logistics network consists of three fulfillment centers in. You should read the entire prospectus carefully, especially the risks of investing in the. Karnataka based vrl logistics limited ipo would hit the market on 15th april, 2015. Indias information and software technology capital will see a slew of nontech companies hit the capital markets over the next few months, encouraged by the bull run under the modi government. Companies contemplating an ipo should begin an assessment of the impact of the new. After all, logistics and ecommerce are the main driving factors of indian economy. This is the companys second attempt to enter the capital markets. Although investors may not see a material shortterm gain or listing gains but for the longterm period, the share price of vrl logistics limited may prove healthy. Vrl logistics, and cancer care specialists hcg, are all in various stages of readying for a possible initial public offer ipo. Snowman indias largest cold chain logistics company. Vrl logistics ltd is one of the leading logistics service providers in the country.
This is an initial public offering of class a common shares of stoneco ltd. In december last year, vrl had filed for an initial public offering with plans to issue 23. Last month, it had cut down its offerforsale portion after the ipo of ortel communications failed to attract investors. The vrl logistics ipo is rated medium risk, but a buy, with a 2 year holding period. Vrl logistics is one of the leading panindia surface logistics and parcel delivery service providers. Vrl logistics ltd balance sheet financials capital market. Bengalurus nontech companies set for ipos times of india. Yes, definitely vrl logicstics is a very good investment. Ritco logistics ipo comprises of up to 66,00,000 equity shares of rs. Bengalurubased cafe coffee day, hr staffing and consultancy firm. This draft prospectus uses certain definitions and abbreviations which. I would like to take this opportunity to highlight the progress of the company during the financial year201011. This is also the first ipo in recent times where the subscription has crossed the 70 times mark.
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. Get the latest news on upcoming ipos and performance of all iposfpos in india. 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. 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.
Initial public offering ipo find ipo issues, new ipo issues, upcoming ipo issues, recently listed ipo issues in india and closed ipo issues. To create an ipo onramp which reduces the filing and. It also captures the holding period returns and annual returns. The details vrl is actually vijayanand roadlines, and is a company close to where i live bangalore. Vrl logistics ipo is a mainboard ipo of 23,116,000 equity shares of the face value of.
It had not finalized how much money it wanted to raise from the equity market. Rhp deferred tax credit for the year 201112 includes reversal of deferred tax liability of rs. Nsr certifies that all statements and undertakings made by. Vrl logistics ltd is in the business of providing surface logistics and parcel delivery across 28 states in india. The information contained in this prospectus is accurate only as of the date of this. References to any legislation, act, regulation, rules, guidelines or policies shall be to such legislation, act, regulation, rules. Thus, an ipo is also commonly known as going public.
Icici prudential ipo track record pdf, 46kb icici prudential life insurance company limited ipo draft red herring prospectus. Vrl logistics looking to raise up to rs500 crore through ipo. Vrl logistics ipo 30days listing report ipo central. Ipo note 15th april, 2015 subscribe at cutoff key details post issue shareholding pattern including pe funds issue background fresh public issue of 6,000,000 5,707,317 at lower and upper bands respectively equity shares of rs. Vrl is currently the largest fleet owner of commercial vehicles in india with a fleet size of 3546 owned vehicles. They provide general parcel and priority parcel delivery less than truckload services, ltl, courier and fulltruckload. We operate cainiao networks logistics data platform and global fulfillment network that. Vrl logistics public issue received total bids of 1,20,76,05,620 as against the. Find information on red herring prospectus, red herring prospectus india, draft red herring prospectus and more. Vrl logistics files draft paper with sebi for ipo the. 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 last financial year witnessed robust growth in revenues and profitability. About vrl logistics ltd company information capitalmarket.
Draft red herring prospectus please read section 60b. Home about us careers contact us sitemap feedback login mutual funds. Formed in 1986, capital market publishers india pvt ltd pioneered corporate databases and stock market magazine in india. These firms plan to utilise ipo proceeds for capacity expansion, loan repayment and working capital requirements. Ritco logistics limited is engaged in the business of providing surface logistics services viz. Preipo placement from the date of this draft prospectus till the listing of the equity. The price band for the ipo has been set at rs 195 to rs 205 a share. Check out the share price of blue dart now and where it was 5 years ago. Ipo note call toll free 18004258282 vrl logistics limited. This prospectus relates to an oering of 55,200,000 shares in the united states and canada.
Icici prudential life insurance company limited ipo red herring prospectus. Read more about vrl logistics ipo subscribed 74 times on business standard. Within a short span of time we have emerged as the largest fleet owner of commercial vehicles in indias private sector. They own and operate the largest fleet of commercial vehicles in the private sector in india. Six companies approach sebi with ipo proposals times of. The current financial results represent a strong operational performance by the company. Vrl logistics ipo subscribed 74 times business standard. The company owned and operated the largest fleet of commercial vehicles in the private sector. Vrl logistics financials, by jainmatrix investments.
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 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. This is the initial public offering of our ordinary shares the shares. Visit the vrl logistics ipo allotment status page to check the number of shares allocated to your application. December 2016, january 2018 and april 2019, the office of the ustr identified. 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 issue did sail through after the overall issue size was reduced.
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