The Shree Vasu Logistics date has been confirmed from May 23, 2018 and ended on May 25, 2018.
Shree Vasu Logistics Developers IPO is a fixed price issue of Rs 9.29 crores. The 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.
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Bidding Dates
May 23-25
Price Range
₹45 per share
Face Value
₹10 per share
GMP
₹213.50
Shree Vasu Logistics IPO GMP
The Shree Vasu Logistics IPO GMP is ₹213.50.
IPO Overview
Shree Vasu Logistics IPO is a Rs 9.29 crore fixed price issuance. The Shree Vasu Logistics IPO auction began on May 23, 2018 and concluded on May 25, 2018. Shree Vasu Logistics IPO allotment was completed on Wednesday, May 30, 2018. On June 4, 2018, the shares were listed on the NSE SME. The IPO price for Shree Vasu Logistics is Rs 45 per share.
A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of ₹135,000. The company has 366 employees on its payroll.
Shree Vasu Logistics IPO Details
| 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 |
| Market Maker portion | 108,000 shares |
Shree Vasu Logistics Company Financials
| 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 | |
Shree Vasu Logistics IPO Timeline
| 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 |
Company Profile
Shree Vasu Logistics Limited, situated in Chattisgarh, was founded in 2007 and specialises in logistics services such as operating as a Carrying and Forwarding Agent, Warehousing and Inventory Management, and Distribution Management via Secondary Transportation. Shree Vasu has established itself as a Logistics Services Provider (LSP) third party. In the domestic market, it mostly works through the carrying and forwarding agent model. At the moment, it serves a wide range of industries, including FMCG, automotive, food, electronics, industrial
equipment and electricals, lifestyle products, and so on.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shree Vasu Logistics Limited |
| Phone number | 0771-6614848 |
| Email ID | cs@logisticpark.biz |
| Website | shreevasulogistics.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.
