Shree Vasu Logistics IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 30, 2023The Shree Vasu LogisticsIPO is coming soon. The issue size of this IPO is Rs.921 lakh. Let’s have a detailed review of Shree Vasu Logistics IPO and an in-depth analysis of the IPO release date, IPO offer price, Shree Vasu Logistics IPO subscription, IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Shree Vasu Logistics IPO Review & Ratings
| Shree Vasu Logistics IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.6/10 |
| Industry Ranking | 6.7/10 |
| Company Background | 6.8/10 |
| Company Reputation | 6.9/10 |
| Competitive Edge | 6.8/10 |
| Financial Statements | 6.7/10 |
| Popularity Index | 6.9/10 |
| Promoters Reputation | 6.7/10 |
| Retail Appetite | 6.6/10 |
| Top Brokers Review | 6.8/10 |
| Overall Ratings | 6.7/10 |
| Star Ratings | ★★★☆☆ |
Summary of Shree Vasu Logistics Limited IPO
Shree Vasu Logistics is a company that is based in Raipur, Chhattisgarh. The company is planning to raise an IPO. The field of logistics have always seen a steady growth and moreover, there is a huge demand for logistics these days.
So, you need not think more than once to invest in this firm. Though, you can have a thorough read about the risk factors involved before buying the shares of this firm. The equity shares in the offering is around 20,64,000 shares out of which majority shares are up for net issue to the public and 1,08,000 shares are reserved for market makers.
The Promoters of this company are
- Atul Garg
- Shree Bhushan Garg
The equity shares in the offering is around 20,64,000 shares out of which majority shares are up for net issue to the public and 1,08,000 shares are reserved for market makers. Shree Vasu Logistics Limited has appointed one registrar to the issue i.e.. Bigshare Services Private Limited. The lead manager to the issue is Pantomath Capital Advisors Private Limited.
Invest in Shree Vasu Logistics IPO Now
Shree Vasu Logistics Limited IPO date
The opening and the closing date of the Shree Vasu Logistics Limited IPO is not known yet.
Shree Vasu Logistics Limited IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The IPO issue date has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.
Shree Vasu Logistics Limited IPO Allotment Status
Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.
Shree Vasu Logistics Limited IPO Price Band
The face value of each share is Rs 10 but the price band of the IPO is Rs 45 per share.
Shree Vasu Logistics Limited IPO Issue Size
The Issue Size is below Rs 920.80 lakhs.
Shree Vasu Logistics Limited IPO Equity Share Offerings
The equity shares in the offering are around 20,64,000 shares out of which majority shares are up for net issue to the public and 1,08,000 shares are reserved for market makers.
Shree Vasu Logistics Limited-Company Overview
The Company was originally started as Shree Vasu Logistics Private Limited in the year 2007. Since the company had started expanding, the owners started to think of converting the private limited firm to a public limited firm.
The company is registered under the companies act, so you need not worry about the originality of the company. The various activities like trading, exporting, importing, packaging are carried on by the company much effectively. The main objective of the company is to act as good distribution and commission agents.
The key management personnel of the company is:
- Atul Garg, Promoter and MD
- Shree Bushan Garg, Promoter and Whole-time director
- Deepak Kumar Sinha, Chief Financial Officer
- Monalisa Patni, Company Secretary, and Compliance Officer
Competitive Strengths of Shree Vasu Logistics Limited:
- Leveraging thee experience of our promoters
- Diversified revenue sources and customer base
- Modern Process and Technology
- Team of professionals
- Customer oriented approach
Business strategy of Shree Vasu Logistics Limited
- Brand image
- Strengthening existing services
- Improving functional efficiency
- Leveraging market skills and relationships
- Customer satisfaction
Shree Vasu Logistics Limited-Financial Statements
Have a look at the financial statements of the firm before you invest in the firm.
Assets of the Company
| Asstes (in INR Lacs) | |||||
| Mar-17 | Mar-16 | Mar-15 | Mar-14 | Mar-13 | |
| Non-current assets | 1,585 | 1,444 | 1,443 | 1,341 | 1,110 |
| Current assets | 758 | 700 | 669 | 461 | 528 |
| Total Assets | 2,730 | 2,459 | 2,335 | 1,932 | 1,747 |
Revenue & PAT of the Company
| Revenue & Profits (in INR & Lakh) | |||||
| Mar-17 | Mar-16 | Mar-15 | Mar-14 | Mar-13 | |
| Revenue | 2,769 | 2,302 | 2,178 | 1,806 | 1,643 |
| Profit After Tax | 79 | 76 | 66 | 53 | 40 |
Earnings per Equity Share
| Earning per Equity Share (in INR) | |||||
| Mar-17 | Mar-16 | Mar-15 | Mar-14 | Mar-13 | |
| Basic | 12.69 | 12.2 | 10.67 | 9.74 | 7.94 |
| Diluted | 12.69 | 12.2 | 10.67 | 9.74 | 7.94 |
The numbers show as slow and steady growth performance from the company. It can be considered to be a decent investment venture.
Shree Vasu Logistics IPO Promoters
The Promoters of this company are
- Atul Garg
- Shree Bhushan Garg
Payment or Benefit to the Promoter of the company
There are no cases that the people of the company are involved that they are in a pressure situation to sell off one’s property.
Interest in the promotion of the company
The promoters have worked together to promote the company in all means except for the buying of equity shares.
Interest in property of the company
The promoters do not have any interest in the property of the company. They manage the resources but are never interested in the property.
Interest as a creditor
The promoters of the company have not availed any loans using the company name.
Interest in transactions involving the acquisition of land
There are many transactions involved in the acquisition of land for the company and the company is seen to disapprove its interest.
Shree Vasu Logistics Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 20,64,000 Equity Shares of the face value of Rs.10/- each fully |
| paid off the Company for cash at price of Rs. 45/- per Equity Share aggregating Rs. 928.80 Lakhs. | |
| Of which: | |
| Reserved for Market Makers | 1,08,000 Equity Shares of the face value of Rs. 10/- each fully |
| paid off the Company for cash at price of Rs 45/- per Equity Share aggregating Rs. 48.60 Lakhs | |
| Net Issue to the Public | 19,56,000 Equity Shares of the face value of Rs.10/- each fully |
| paid off the Company for cash at price of Rs. 45/- per Equity Share aggregating Rs. 880.20 Lakhs | |
| Of which: | |
| Retail Investors Portion | 9,78,000 Equity Shares of the face value of Rs. 10/- each fully paid off the Company for cash at price of Rs. 45/- per Equity Share aggregating to Rs. 440.10 Lakhs will be available for |
| allocation to Investors of up to Rs. 2.00 lakhs | |
| Non-Retail Investors Portion | 9,78,000 Equity Shares of the face value of Rs. 10 /- each fully paid off the Company for cash at price of Rs. 45/- per Equity Share aggregating Rs. 440.10 Lakhs will be available for |
| allocation to investors above Rs. 2.00 Lakhs | |
| Equity Shares outstanding prior to the Issue | 55,80,000 Equity Shares |
| Equity Shares outstanding after the Issue | 76,44,000 Equity Shares |
Shree Vasu Logistics Limited IPO Issue Object
These are the IPO Issue Objects
- The funds that are raised by the company would be made to use for building the capital funding requirements.
- The funds will also be used for the general corporate funding.
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Shree Vasu Logistics IPO Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors. The face value of each share is Rs 10 and the price band of the IPO is Rs 45 per share.
Qualitative factors are:
- An experienced team of Promoters
- Diversified revenue sources and customer base
- Implementation of modern processes and technology
- Management team highly professional in nature
- Work culture focused on customer satisfaction.
The relevant quantitative factors are:
- Basic and Diluted Earnings per Share (EPS) as per Accounting Standard 20 as adjusted for changes in capital
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 45 per Equity Share of Rs. 10 each fully paid up
- Return on Net worth (RoNW)
- Minimum Return on Total Net Worth post Issue needed to maintain Pre-Issue EPS for the year ended March 31, 2017, is 7.15%
- Net Asset Value (NAV)
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Shree Vasu Logistics Limited IPO Registrar to the Issue
| Registrar to the Issue |
| Bigshare Services Private Limited |
Shree Vasu Logistics Limited IPO Lead Manager
| Lead manager to the issue |
| Pantomath Capital Advisors Private Limited |
Shree Vasu Logistics IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Repu-tation | Compe-titive Edge | Finan-cial State-ment | Popu-larity Index | Promo-ters Repu-tation |
| Angel Broking | 6.9/10 | 6.8/10 | 6.9/10 | 6.7/10 | 6.7/10 |
| Sharekhan | 6.9/10 | 6.7/10 | 6.9/10 | 6.7/10 | 6.9/10 |
| Kotak Securities | 6.8/10 | 6.9/10 | 6.8/10 | 6.7/10 | 6.8/10 |
| ICICI Direct | 6.8/10 | 6.8/10 | 6.8/10 | 6.7/10 | 6.7/10 |
| IIFL | 6.9/10 | 6.9/10 | 6.4/10 | 6.7/10 | 6.7/10 |
| Edelweiss | 6.9/10 | 6.8/10 | 6.8/10 | 6.8/10 | 6.9/10 |
| Zerodha | 6.8/10 | 6.7/10 | 6.9/10 | 6.7/10 | 6.7/10 |
| 5Paisa | 6.7/10 | 6.7/10 | 6.8/10 | 6.7/10 | 6.7/10 |
| Karvy | 6.8/10 | 6.8/10 | 6.9/10 | 6.7/10 | 6.7/10 |
| Motilal Oswal | 6.7/10 | 6.7/10 | 6.9/10 | 6.8/10 | 6.9/10 |
Shree Vasu Logistics IPO Grey Market Premium
The Shree Vasu Logistics Limited IPO Grey Market Premium is yet to be announced. It will be updated a fortnight before the IPO gets released in the market.
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