VRL Logistics Ltd. IPO - April 15, 2015 - April 17, 2015

Recommendation for VRL Logistics Ltd. IPO
Buy & Subscribe for (Investment Purpose)
VRL Logistic Ltd. IPO		History
Offer	17,116,000 Equity Shares of Rs.10 and Fresh issue of 117 crore.	VRL Logistics Ltd (VRL) is one of the leading pan-India surface logistics and parcel delivery service provider. It owns and operates the largest fleet of commercial vehicles in the private sector in India. VRL provides general parcel and priority parcel delivery (less than truckload services, “LTL”), courier and full-truckload (“FTL”) services through its widespread transportation network in 28 States and four Union Territories across India. Company’s 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, and of such 624 branches, 48 (41 leased branches and seven owned branches) served as strategic transshipment hubs for operations.
Issue Size	Rs. 450.8-467.9 crore
Face value	Rs.10 Per Equity Share
Issue Price	Rs. 195 - Rs. 205  Per Equity Share
Market Lot	65  Shares
Minimum Order Quantity	65 Shares
Listing at	BSE, NSE
Objects of the issue	Purchase of goods transportation vehicles; Repayment/Pre-payment of certain borrowings
		Key Highlights:
		The company has generated revenue of Rs 714.61 crore for the year ended March 2010 and Rs 1503.7 crore for the year ended March 2014. The company has added revenue of Rs.1279.4 for 9 months ended Dec 2014.The profit for the 9 months ended Dec 2014 was Rs.71.7 crore. 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. Company is planning to expand its fleet by adding 248 new trucks at a cost of Rs 67 crore. The company currently operates close to 4,000 trucks and buses.
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