VRL Logistics fixes IPO price band at Rs195-205/share
08/04/2015 14:45
VRL Logistics Ltd said it has fixed price band of Rs.195-205 per share for its proposed initial public offer (IPO), reported PTI. The company plans to raise Rs.117 crore through the issue to fund its expansion. “The company plans to purchase vehicles for Rs.64 crore and repay its debt of Rs.28 crore,” VRL Logistics founder Vijay Sankeshwar told reporters. The logistics firm is also making an offer for sale of more than 17 million equity shares by NSR-PE Mauritius LLC, and the promoters’ family. The IPO opens on 15 April and closes on 17 April. The equity shares are proposed to be listed on BSE and NSE. VRL logistics is in the business of providing surface logistics and parcel delivery with a fleet of 3,546 owned vehicles across 28 States. It caters to industries such as FMCG, food, textiles, pharma, apparel and furniture among others.
08/04/2015 14:45
VRL Logistics Ltd said it has fixed price band of Rs.195-205 per share for its proposed initial public offer (IPO), reported PTI. The company plans to raise Rs.117 crore through the issue to fund its expansion. “The company plans to purchase vehicles for Rs.64 crore and repay its debt of Rs.28 crore,” VRL Logistics founder Vijay Sankeshwar told reporters. The logistics firm is also making an offer for sale of more than 17 million equity shares by NSR-PE Mauritius LLC, and the promoters’ family. The IPO opens on 15 April and closes on 17 April. The equity shares are proposed to be listed on BSE and NSE. VRL logistics is in the business of providing surface logistics and parcel delivery with a fleet of 3,546 owned vehicles across 28 States. It caters to industries such as FMCG, food, textiles, pharma, apparel and furniture among others.
