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Shree Vasu Logistics IPO is a fixed price issue of Rs 9.29 crores.
Shree Vasu Logistics IPO bidding started from May 23, 2018 and ended on May 25, 2018. The allotment for Shree Vasu Logistics IPO was finalized on Wednesday, May 30, 2018. The shares got listed on NSE SME on June 4, 2018.
Shree Vasu Logistics IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Shree Vasu Logistics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Shree Vasu Logistics IPO RHP for detailed information.
| IPO Date | May 23, 2018 to May 25, 2018 |
| Listing Date | June 4, 2018 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,064,000 shares (aggregating up to ₹9.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,580,000 |
| Share holding post issue | 7,644,000 |
| Market Maker portion | 108,000 shares |
Shree Vasu Logistics IPO offers 2,172,000 shares. 978,000 (45.03%) to NII, 978,000 (45.03%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 108,000 (4.97%) |
| Other Shares Offered | 978,000 (45.03%) |
| Retail Shares Offered | 978,000 (45.03%) | Other Shares Offered | 108,000 (4.97%) |
| Total Shares Offered | 2,172,000 (100%) |
Shree Vasu Logistics IPO opens on May 23, 2018, and closes on May 25, 2018.
| IPO Open Date | Wednesday, May 23, 2018 |
| IPO Close Date | Friday, May 25, 2018 |
| Basis of Allotment | Wednesday, May 30, 2018 |
| Initiation of Refunds | Thursday, May 31, 2018 |
| Credit of Shares to Demat | Friday, June 1, 2018 |
| Listing Date | Monday, June 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 25, 2018 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.
Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.
The company has 366 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2729.54 | 2549.22 | 2335.31 | 1932.10 | 1746.98 | |
| Total Revenue | 2769.19 | 2302.46 | 2178.03 | 1806.21 | 1642.76 | |
| Profit After Tax | 78.69 | 75.62 | 66.18 | 52.66 | 39.72 | |
The Objects of the Issue are-
1. Funding the working capital requirements of the Company
2. General corporate purposes.
[Dilip Davda]
There is no harm in giving this fully priced issue a miss.
Read detail review...The Shree Vasu Logistics IPO is subscribed 1.67 times on May 25, 2018 5:00:00 PM. The public issue subscribed 0.88 times in the retail category, times in the QIB category, and 2.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.45 |
| Retail | 0.88 |
| Total | 1.67 |
| Listing Date | June 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SVLL |
| ISIN | INE00CE01017 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹48.00 |
| ₹48.00 |
| ₹48.70 |
| ₹48.50 |
Shree Vasu Logistics Limited
Logistics Park
Opp. Jaika Automobiles
Ring Road No. 1 Raipur 492001
Phone: 0771-6614848
Email: cs@logisticpark.biz
Website: http://www.shreevasulogistics.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Shree Vasu Logistics IPO is a SME IPO of 2,064,000 equity shares of the face value of ₹10 aggregating up to ₹9.29 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on May 23, 2018, and closes on May 25, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Shree Vasu Logistics IPO opens on May 23, 2018 and closes on May 25, 2018.
Shree Vasu Logistics IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Shree Vasu Logistics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shree Vasu Logistics IPO will be done on Wednesday, May 30, 2018, and the allotted shares will be credited to your demat account by Friday, June 1, 2018. Check the Shree Vasu Logistics IPO allotment status.
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RHP
IpoNewbie| Link | Bookmark |June 5, 2018 8:07:40 AMExit from portfolios which are not performing and invest in this.
Will see at least 35 % in next 2 quarters