Shree Vasu Logistics IPO – Review, Allotment Status, Subscription, Price, Date & more

The 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
CriteriaRatings
Industry Sentiments 6.6/10
Industry Ranking6.7/10
Company Background6.8/10
Company Reputation6.9/10
Competitive Edge6.8/10
Financial Statements6.7/10
Popularity Index6.9/10
Promoters Reputation6.7/10
Retail Appetite6.6/10
Top Brokers Review6.8/10
Overall Ratings6.7/10
Star Ratings★★★☆☆

Summary of Shree Vasu Logistics Limited IPO

shree vasu logistics ipoShree 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.


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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
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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-17Mar-16Mar-15Mar-14Mar-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-17Mar-16Mar-15Mar-14Mar-13
Revenue2,7692,3022,1781,8061,643
Profit After Tax 7976 6653 40

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar-17Mar-16Mar-15Mar-14Mar-13
Basic 12.6912.210.679.747.94
Diluted12.6912.210.679.747.94

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 Offered20,64,000 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 Makers1,08,000 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 Public19,56,000 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 Portion9,78,000 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 Issue55,80,000 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 ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
Angel Broking6.9/106.8/106.9/106.7/106.7/10
Sharekhan6.9/106.7/106.9/106.7/106.9/10
Kotak Securities6.8/106.9/106.8/106.7/106.8/10
ICICI Direct6.8/106.8/106.8/106.7/106.7/10
IIFL6.9/106.9/106.4/106.7/106.7/10
Edelweiss6.9/106.8/106.8/106.8/106.9/10
Zerodha6.8/106.7/106.9/106.7/106.7/10
5Paisa6.7/106.7/106.8/106.7/106.7/10
Karvy6.8/106.8/106.9/106.7/106.7/10
Motilal Oswal6.7/106.7/106.9/106.8/106.9/10

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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