VRL Logistics to hit capital markets on April 15

08 Apr 2015

The public issue of VRL Logistics will open for subscription on April 15, 2015, consisting of a fresh issue of equity shares aggregating up to Rs 117 crore and an offer for sale of up to 1,71,16,000 equity shares by NSR-PE Mauritius LLC and promoters Vijay Sankeshwar & Anand Sankeshwar.

The issue will constitute at least 25 percent of the fully diluted post-issue paid-up equity share capital of the company. The price band is fixed at Rs 195-205 per share. The anchor investor issue period will be on Monday, April 13, 2015. The issue will close on Friday, April 17, 2015, for all bidders. The minimum bid lot is 65 equity shares and in multiples of 65 equity shares thereafter. The equity shares of the company are proposed to be listed on BSE and the NSE.

The global coordinators & book running lead managers to the issue are ICICI Securities and HSBC Securities and Capital Markets (India).

The logistics and parcel delivery service provider owned and operated the one of the largest fleet of commercial vehicles in the private sector in India. Its operational infrastructure for the goods transportation business as of December 31, 2014 comprised 624 branches (comprising 604 leased branches and 20 owned branches) and 346 agencies across India.

 

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VRL Logistics Share Price

258.35 -6.60 (-2.49%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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