Total Shares Reserved for Retail Investors = 5,399,519 Total Number of lots = (5,399,519/18) = 299773 ~ 3 Lacs
Total Applications received ~ 12 Lacs (11,95000 ++ )
Considering Average application size for NII ~ 10 Lacs & number of QIBs in India, number of times issue oversubscribed, the total number of purely retail applcations = 11 /11.5 Lacs
Dividend25-Jan-2017VRL Logistics Limited has informed the Exchange that the Board of Directors, at its meeting held on January 25, 2017, have approved payment of interim dividend at the rate of 40% (Rs 4/- per equity shares of Rs.10/-). The said dividend would be paid on or before February 13, 2017.