The AVG Logistics date has been confirmed from March 28, 2018 and ended on April 3, 2018.
AVG Logistics Developers IPO is a fixed price issue of Rs 33.06 crores. The price band is set at ₹105 to ₹107 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹128,400.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
March 28-April 3
Price Range
₹105 to ₹107 per share
Face Value
₹10 per share
GMP
₹390.80
AVG Logistics IPO GMP
The AVG Logistics IPO GMP is ₹390.80.
IPO Overview
The AVG Logistics IPO is a book-built offering for Rs 33.06 crores. Bidding for the AVG Logistics IPO began on March 28, 2018 and finished on April 3, 2018. On April 11, 2018, the shares were listed on the NSE SME. The pricing range for AVG Logistics IPO is set at 105 to 107 cents per share. A minimum lot size of 1200 Shares is required for an application. Retail investors must make a minimum investment of ₹128,400.
The company is in the process of establishing additional large format, multi-user warehouses in strategic locations, and has acquired land in Agartala, Tripura, and Mysore, Karnataka, totaling 1.08 lakh square feet, allowing it to increase its warehousing space to 4.62 lakh square feet by April 2019. We had 521 full-time employees on January 31, 2018.
AVG Logistics IPO Details
| IPO Date | March 28, 2018 to April 3, 2018 |
| Listing Date | April 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹105 to ₹107 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,090,000 shares (aggregating up to ₹33.06 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 154,800 shares |
AVG Logistics Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 8,352.23 | 6,996.76 | 6,096.39 | 4,058.12 | 2,951.18 | |
| Total Revenue | 19,485.88 | 19,229.25 | 18,331.70 | 13,041.25 | 9,631.92 | |
| Profit After Tax | 443.34 | 380.16 | 319.31 | 262.06 | 190.48 | |
AVG Logistics IPO Listing Details
| Listing Date | April 11, 2018 |
| BSE Script Code | |
| NSE Symbol | AVG |
| ISIN | INE680Z01018 |
| Final Issue Price | ₹107 per share |
Company Profile
AVG Logistics Limited, situated in Delhi, was founded in 2010. It is a third-party logistics service provider. With its pan-India distribution network and automated technology systems, the company provides Full Truck Load (FTL) and hub-and-spoke transportation models, as well as warehousing services to select clients. AVG offers its customers services in three key areas:
- Transportation whereby we provide point-to-point, less than truck-load, time-definite transportation services;
- Warehousing whereby we provide warehousing, distribution
and cold-chain warehousing; and
- Value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.
As of September 30, 2017, the company had five (5) trans-shipment hubs in Guwahati, Bangalore, Hyderabad, the Delhi-Uttar Pradesh border, and Kundli (the Delhi-Haryana border), as well as forty-nine (49) branches across India, encompassing twenty-three (23) states. It owns and runs two hundred sixty four (264) GPS-enabled containerised vehicles, 85 of which are refrigerated (reefer) trucks. AVG also offers warehousing services to chosen customers, with warehouses totaling 3.54 lakh square feet that are well connected to several production and consumption hubs in India. Warehouses are located at Modinagar, Ghaziabad, Delhi, and Panipat.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | avglogistics.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | AVG Logistics Limited |
| Phone number | +91 11 4567 4071 |
| Email ID | compliances@avglogistics.com |
| Website | avglogistics.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
