VRL Logistics Buyback will open for subscription from 17 February 2021 to 16 August 2021. the company aims for an issue size of ₹60 Crores through this Buyback Issue.
VRL Logistics Limited
Incorporated in 1983 as ‘Vijayanand Roadlines Private Limited’, the company became a public limited company in 1997, and its name was changed to ‘VRL Logistics Limited’. The company is engaged in the business of general parcel and priority parcel delivery (less than truckload services), courier, and full-truckload services through a widespread transportation network in 22 States and five Union Territories across India.
The company has capabilities for the transportation of vehicles (cars) and liquids. It undertakes the movement of specialized cargo such as delicate testing equipment, high voltage testing equipment, high voltage control panels, high voltage circuit breakers, automobile chassis frames, extra-wide cabins, glass, high-capacity transformers, etc. VRL Logistics also offers travel, transport of passengers by air, and outdoor branding services. The company finds mention in the Limca Book of Record as the largest fleet owner of commercial vehicles in India in the private sector.
Objectives of the Issue
- Improve return on equity by a reduction in the equity base.
- Optimize returns to shareholders.
- Enhance overall shareholder’s value.
VRL Logistics Buyback Details
| Issue Period | Feb 17, 2021 – Aug 16, 2021 |
| Security Name | VRL Logistics Limited |
| Issue Type | Open Market Through Stock Exchange |
| Issue Size (Amount) | ₹60.00 Crores |
| Buyback Price | ₹300 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Company Financials
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 21,288.56 | 21,174.68 | 19,365.50 |
| Profit After Tax | 901.14 | 919.16 | 925.64 |
| Net Worth | 6,168.69 | 6,459.38 | 5,932.19 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 214 | 165 | 196.03 |
| Dec-2020 | 214 | 171.8 | 197.27 |
| Nov-2020 | 192.6 | 149 | 166.31 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Jan-2021 | 209.7 | 179.25 | 196 |
| Dec-2020 | 214.25 | 171.75 | 197.31 |
| Nov-2020 | 193.05 | 149 | 166.32 |
VRL Logistics Buyback Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.
Phone: 1-800-3454001
Email: shyam.kumar@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029
Phone: 08362237511
Email: investors@vrllogistics.com
Website: https://www.vrlgroup.in/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing