IPO SYNOPSIS

VRL Logistics Ltd
Registered Office:
RS No 351/1 Varur Post Chhabbl,Taluka Hubbali dist Dharwad,
Hubli - 581207,
Karnataka, India.
Public issue of up to 22,823,333 equity shares of face value of (₹) 10 each ("equity shares") of VRL Logistics Limited ("Company" or "Issuer") for cash at a price of (₹) 205 per equity share (including a share premium of (₹) 195 per equity share) aggregating up to (₹) 467.88 crores consisting of a fresh issue of 5,707,333 equity shares aggregating to (₹) 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 (₹)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 : (₹) 205 per equity share of face value of (₹) 10 each. The issue price is (₹) 20.5 times the face value. Anchor investor issue price (₹) 205 per Equity share.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
15-Apr-15
17-Apr-15
205.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 65     Further Multiples of : 65
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
108.30
HSBC Securities & Capital Markets (India) Pvt Ltd
Project Financed
467.88
 
Post Issue
91.24
 
Issue Price
205.00
 
Projects
Purchase of goods transportation Vehicles
Repayment/pre-payment of certain borrowings
General corporate purposes
Promoted By
Vijay Sankeshwar
Anand Sankeshwar
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
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