Mumbai: Transport firm VRL Logistics Ltd’s public offer to sell shares received bids for 1.28 times the number of shares on offer on its second day, according to National Stock Exchange data. The offer closes on 17 April. At 3.00pm, VRL’s initial public offering (IPO) had received 20.7 million bids for the 16.2 million shares on offer.
Ya same happened with Monta Carlo iPo.... If u look at fundamental u will not touch with barge pole at 18 PE is overpriced however u r right it will be oversubscribed and will have short term gain at least in case of MC ipo retail was so by 6x and still listed 10% down
You are right. The management is personalised and one man show only. they are creating grey market hype and trying to attract us but once the issue is subscribed, the scrip will fall flat. In transport business over and underinvoicing is rampant and driver problem ??? as risky as driving at night without head light.
i almost died after reading ur logic..lols...bhai plz go n check financials....if u wanna for lon term n if u wanna just ipo gain n do apply for the same. do u remeber ppl said negative bout inox wind too.. I had applied n gained almost 150 per share
I am from the place where VRL Headquarters are situated. As per me, it will take some long time to get the prices appreciate. People only who are interested in small listing gains can go for it otherwise one can always buy after observing how the company performs and how they ethically are transparent to small shareholders.
That is what I heard from my local source. It is good brand however will it be good for small investor with it good fashioned management. In transportation business it is very common practice company running parallel company and diverting revenue and increase cost. Also over invoice cost and under invoice revenue.
Probably you have a point to wait and buy for long term, but even if there is no harm in logging listing gain. Just take this as a lottery where once can expect 50% return and apply. Down the line if you get enlightment, then buy more as long term investment.
VRL Logistics'' IPO over-subscribed 1.1 times Press Trust of India | Mumbai Apr 16, 2015 03:57 PM IST
The initial public offer (IPO) of VRL Logistics today got over-subscribed at 1.10 times of the issue size on the second day of subscription.
The public offer received bids for 1,79,64,375 shares against the total issue size of 1,62,69,006 shares, reflecting a subscription of 1.10 times, data at the NSE till 1400 hrs showed.
Can any expert member brief me about this IPO? 1. Looks like this IPO will be oversubscribed. HOW MANY LOTS DO WE HAVE TO APPLY to get allotment of AT LEAST ONE LOT? 2. Is this a good IPO for listing gain? 3. What will be the listing gain approximately? 4. Will there be any problem in listing gain if the market falls on that day of listing.
No one can predict everything correct ... It all depends. There is no guarantee for anything.This is not something you are going one shop and purchasing some item (No guarantee Even for allotment)