Originally established in 1983 under the name ‘Vijayanand Roadlines Private Limited,’ the organization transitioned to a public limited company in 1997, subsequently adopting the identity ‘VRL Logistics Limited.’
Specializing in the domain of general and priority parcel delivery, including less than truckload services, courier operations, and full-truckload services, the company has cultivated a robust transportation network spanning 22 Indian States and five Union Territories.
VRL Logistics boasts diverse capabilities, encompassing the transportation of vehicles, including cars, as well as liquids. The company adeptly handles the intricate movement of specialized cargo, ranging from delicate testing equipment and high voltage control panels to automobile chassis frames and extra-wide cabins.
Expanding its offerings, VRL Logistics extends travel services and passenger transportation by air, in addition to its core logistical operations. The organization has also made its mark in the outdoor branding sector.
A noteworthy accomplishment, VRL Logistics has earned a coveted spot in the Limca Book of Records as India’s preeminent private sector fleet owner of commercial vehicles.
Vrl Logistics Ltd Stock Quote #
- Open: ₹697.80
- High – Low: ₹697.80 – ₹675.05
- Previous Close: ₹684.65
- Total Traded Value: 68,832
- 52 Weeks High: ₹772.50 (Jul 14, 2023)
- 52 Weeks Low: ₹483.00 (Feb 10, 2023)
- Updated On: Aug 10, 2023 4:00 PM
VRL Logistics Buyback 2023 Detail #
| Issue Period | Mar 13, 2023 – Mar 27, 2023 |
| Security Name | VRL Logistics Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 875,000.00 |
| Issue Size (Amount) | ₹61.25 Crores |
| Buyback Price | ₹700 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
VRL Logistics Buyback 2023 Issue Timetable #
| Last Date to buy shares | Feb 9, 2023 |
| Record Date | Feb 10, 2023 |
| Offer Opens On | Mar 13, 2023 |
| Last Date for receipt of Tender Forms | Mar 27, 2023 |
| Offer Closes On * | Mar 27, 2023 |
| Finalisation of Buyback Acceptance | Apr 6, 2023 |
| Last Date for settlment of bids | Apr 10, 2023 |
| Last Date for Extinguishment of Shares | Apr 17, 2023 |
Buyback Ratio #
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 26 Fully paid-up Equity Shares held on the Record Date. | 131,250.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 114 Fully paid-up Equity Shares held on the Record Date. | 743,750.00 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 2128.86 | 90.11 | 616.87 | 189.3 |
| 31-Mar-21 | 1775.79 | 45.07 | 597.14 | 119.57 |
| 31-Mar-22 | 2410.47 | 160.11 | 651.63 | 143.48 |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2023 | 574.80 | 506.50 | 546.05 |
| Dec-2022 | 589.45 | 512.75 | 554.43 |
| Nov-2022 | 618.65 | 509.05 | 564.86 |
Stock price at NSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2023 | 575.00 | 507.70 | 546.30 |
| Dec-2022 | 589.00 | 512.40 | 554.60 |
| Nov-2022 | 618.95 | 509.55 | 564.90 |
Necessity of the Issue #
The Buyback offers the following advantages:
a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
VRL Logistics Buyback 2023 Documents #
Company Contact Information #
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029Phone: 08362237511
Email: headoffice@vrllogistics.com
Website: https://www.vrlgroup.in/
VRL Logistics Buyback 2023 Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: vrl.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
VRL Logistics Buyback 2023 Manager #
Lead Manager(s)
Registered Broker
- Motilal Oswal Financial Services Limited
Email: ksharma@motilaloswal.com
