Business Standard

AVG Logistics Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

33.06 cr

Price Range (₹)

107

Lot Size

1200

Min Investment (₹)

1,28,400.00

Listing Exchange

NSE - SME

Open Date

28-Mar-2018

Close Date

03-Apr-2018

Listing Date

11-Apr-2018

AVG Logistics Ltd News

    The Shares of AVG Logistics Ltd have now been listed.

    AVG Logistics Ltd IPO Details

    Initial public issue of 30,90,000 equity shares of face value of Rs. 10/- each (equity shares) of AVG Logistics Limited (the company or the issuer) for cash at a price of Rs. 107 per equity share, including a share premium of Rs. 97 per equity share (the issue price), aggregating Rs. 33.06 crores (the issue), of which 1,54,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 107 per equity share, aggregating Rs. 1.65 crores will be reserved for the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. Net issue to public will be 29,35,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 107 per equity share, aggregating Rs. 31.41 crores is hereinafter refered to as the net issue. The public issue and the net issue will constitute 30.01% and 28.50% respectively of the post issue raid up equity share capital of the company.The Face Value of the equity shares is Rs. 10 each.The issue price is Rs.107 per equity shares and issue price is 10.7 times the face value.

    Objective of issue

    Setting-up warehousing facilities at Agartala and Mysore. Working capital requirement. General corporate purpose.

    AVG Logistics Ltd Contact Details

    AVG Logistics Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@avglogistics.com

    Website - www.avglogistics.com