Business Standard

VRL Logistics Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

467.88 cr

Price Range (₹)

205

Lot Size

65

Min Investment (₹)

13,325.00

Listing Exchange

MumbaiNSE

Open Date

15-Apr-2015

Close Date

17-Apr-2015

Listing Date

30-Apr-2015

VRL Logistics Ltd News

    The Shares of VRL Logistics Ltd have now been listed.

    VRL Logistics Ltd IPO Details

    Public issue of up to 22,823,333 equity shares of face value of Rs. 10 each (equity shares) of VRL Logistics Limited (Company or Issuer) for cash at a price of Rs. 205 per equity share (including a share premium of Rs. 195 per equity share) aggregating up to Rs. 467.88 crores consisting of a fresh issue of 5,707,333 equity shares aggregating to Rs. 117.00 crores (The Fresh Issue) and an offer for sale of upto 17,116,000 equity shares by the selling shareholders consisting of an offer of up to (i) 14,550,000 equity shares by NSR-PE Mauritius LLC (ii) 1,283,000 Equity shares by Dr Vijay Sankeshwar and (iii) 1,283,000 Equity shares by Mr Anand Sankeshwar Aggregating up to Rs.351 Crores (The Offer for sale and together with the fresh issue, the issue). The issue will constitute 25.01% of the fully diluted post-issue paid-up equity share capital of the company.Issue Price : Rs. 205 per equity share of face value of Rs. 10 each. The issue price is Rs. 20.5 times the face value. Anchor investor issue price Rs. 205 per Equity share.

    Objective of issue

    Purchase of goods transportation Vehicles. Repayment/pre-payment of certain borrowings. General corporate purposes.

    VRL Logistics Ltd Contact Details

    VRL Logistics Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - investors@vrllogistics.com ; varurho@vrllogistics.

    Website - www.vrlgroup.in ; www.vrllogistics.com