Vikas Road Carriers IPO – Review, Allotment Status, Subscription, Price, Date & more

Vikas Road Carrier Limited serves customers across industries which include Pharmaceuticals, FMCG, Paper, Automotive Tyres, Electronics & Machinery, Copper & Copper Products, Plastic granules, etc. Let’s have a detailed review of the company and analytics of the Vikas Road Carriers IPO release date, IPO offer price, subscription, Vikas Road Carriers IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Vikas Road Carriers IPO Review & Ratings

Vikas Road Carriers IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Vikas Road Carriers IPO

Vikas Road Carriers IPOThe Net Issue to public available for allocation, upto 33,00,000 Equity Shares (upto 94.82%) of a Face value of Rs 10 per equity share and Market Maker reservation portion upto 1,71,000 Equity Shares (upto 5.18% of the Issue Size). The Company Serves customers across a wide range of industries which include Pharmaceuticals, FMCG, Paper, Automotive Tyres, Electronics & Machinery, Copper & Copper Products, plastic granules etc. From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

i) total revenue has shown growth from Rs. 10621.93 lakhs to Rs.14765.82 lakhs, representing a CAGR of 17.90%

ii)  EBITDA has shown growth from Rs. 947.68 lakhs to Rs.1143.29 lakhs, representing a CAGR of 9.84%

iii) The profit after tax has shown growth from Rs.74.18 lakhs to a profit of Rs.142.61 lakhs. The restated total revenue, EBIDTA and Profit after tax for the period ended December 31, 2017 was Rs. 9831.86 lakhs, Rs. 1151.54
lakhs and 325.59 lakhs respectively, with an EBIDTA margin of 11.71% and PAT margin of 3.31%

The Promoter of this company is SATVINDER SINGH CHADHA. The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Vikas Road Carriers IPO Date

The opening and the closing date is X 2018 – X 2018.

Vikas Road Carriers IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

Vikas Road Carriers IPO Allotment Status

The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.

Vikas Road Carriers IPO Price Band

The IPO is priced at Rs.20 per share which includes a premium of Rs.10 per share.

Vikas Road Carriers IPO Issue Size

The Issue Size is 2,220,000 Equity Shares of Rs 10 and aggregating up to Rs 4.44 Crores.

Vikas Road Carriers IPO Equity Share Offer

Issue of upto 33,00,000 Equity Shares of face value of Rs.10 each by the company.



Vikas Road Carriers Limited – Company Overview

Incorporated in 1995 as M/s. Vikas Road Carriers Limited, an approved transporter by Indian Bank‘s Association is an ISO 9001:2015 certified company and is engaged in providing transportation of goods in containerized trucks. The Company also have license from FSSAI for compliance of its standards. The Company provides transportation of all types of industries goods, bulk transportation and other related services according to the requirement of customers. They provide transportation by open / closed body Vehicles and by ten/twelve/fourteen wheeler vehicles transportation along with services of loading and unloading of goods.

The Company serves customers across a wide range of industries which include Pharmaceuticals, FMCG, Paper, Automotive Tyres, Electronics & Machinery, Copper & Copper Products, Plastic granules, etc. The company is maintaining its own fleet which includes 178 owned vehicles as on December 31, 2017. The Company also hires third party transportation services for logistic operations for providing timely and quality services to their clients, as and when needed. The variety of goods transportation vehicles in the fleet and vehicles hired by them also enables to serve a diverse mix of consignments. The operations carried out with their own fleet are convenient to operate, since it helps reducing the operational cost of the Company. All trucks are GPS equipped.

Competitive Strengths of Vikas Road Carriers Limited:

  • Leveraging the Experience of the Promoters
  • Quality of Services
  • Strong Customer Base
  • Large fleet of owned vehicles
  • Good Track Record

Business strategies of Vikas Road Carriers Limited:

  • Increase the goods transportation network
  • Improving operational efficiencies
  • Brand Image
  • Focus on consistently meeting quality standards
  • Augment the fund-based capacities in order to scale up business operation

Vikas Road Carriers Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets5,980.625,350.344,654.213,438.332918.87
Total Revenue14,765.8213,682.3010,621.938,334.797567.13
Total Expense14,765.8213,682.3010,621.938,334.797567.13
Profit After Tax142.61108.2174.18-63.97-67.82

Earnings per Equity Share (in Lakh)

31-Dec-1731-Mar-1731-Mar-1631-Mar-15
Basic 4.31.881.431.01
Diluted 4.31.881.431.01

From the above statements, one could find that the Vikas Road Carriers Limited may perform well.


Vikas Road Carriers IPO – Promoters

The Promoter of this company : SATVINDER SINGH CHADHA

List of Related Parties (Key Managerial Personnel)

  • Mr. Satvinder Singh Chadha
  • Mrs. Iqbal Kaur Chadha
  • Mr. Daman Deip Singh Chadha
  • Mr. Tarvinder Singh
  • Mr. Sahajveer Singh Anand

Interest in promotion of the Company
The Managing Director, Satvinder Singh Chadha may be deemed to be interested to the extent of being
Promoter of the company. He may also be deemed to be interested to the extent of any dividend payable to
him and other distributions in respect of the Equity Shares held by them.
The Directors may be deemed to be interested to the extent of remuneration paid to them for services
rendered as a Director of the Company and reimbursement of expenses payable to them. The Directors may also be interested to the extent of Equity Shares, if any, held by them or held by the entities in which they are associated as promoters, directors, partners, proprietors or trustees or held by their relatives or that may be subscribed by or allotted to the companies, firms, ventures, trusts in which they are interested as promoters, directors, partners,
proprietors, members or trustees, pursuant to the Issue.

Property Interest
The Directors have not entered into any contract, agreement or arrangements within a period of two years preceding the date of this draft Prospectus in which the Directors are interested directly or
indirectly and no payments have been made to them in respect of these contracts, agreements or
arrangements or are proposed to be made to them.


Vikas Road Carriers IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
Issue of Equity Shares by the CompanyIssue of upto 33,00,000 Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●] lakhs
 Of which:
Market Maker Reservation PortionUpto 1,71,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●] lakhs
 Net Issue to the Public Upto 31,29,000 Equity Shares of face value of Rs.10 each
fully paid of the Company for cash at price of Rs[●] per
Equity Share aggregating Rs. [●] lakhs
 Of which:
 Retail Investors Portion up to 2 LakhUpto 15,64,500 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs [●] lakhs will be available for allocation to Retail individual investors up to Rs. 2.00 Lakhs
 Non-Retail Investors Portion Above 2 LakhUpto 15,64,500 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [●] per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs
 Equity Shares outstanding prior to the Issue75,68,888 Equity Shares of face value of Rs. 10 each
 Equity Shares outstanding after the IssueUpto 1,08,68,888 Equity Shares of face value of Rs. 10
each

Important Details:

  • Basis of Allotment: X-2018
  • Refunds: X-2018
  • Credit to demat accounts: X-2018
  • Listing: X-2018

Vikas Road Carriers IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding of working capital requirements of the Company
  • General Corporate Purpose
  • Issue Expenses

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Vikas Road Carriers IPO – Basis of the 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.

Qualitative factors are:

  • Well experienced management
  • Location advantage
  • Quality assurance
  • Experienced Core Management Team

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-151.0112.16%8.32
31-Mar-161.4315.07%9.49
31-Mar-171.8816.57%11.37
  • Industry P/E Ratio:
ParticularsP/E ratio
Average43.2
Highest32.99
Lowest53.41
  • Comparison of Accounting Ratios with Peer Group Companies:
Name of the Company Face ValueP/EEPS (Rs.) RoNW %NAV per Share Rs.
Vikas Road Carrriers Ltd10[●]1.8816.5711.37
Lancer Containers Lines Ltd.1032.992.9416.88%17.41
VRL Logistics Ltd8.1913.01%59.32

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Vikas Road Carriers IPO Lead Managers

Lead Managers
HEM SECURITIES LIMITED

904, A Wing, 9th Floor Naman Midtown, Senapati Bapat Marg,
Elphinstone Road Mumbai-400 013, India.
Tel : 022 4906 0000; Fax: 022 2262 5991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Contact Person: Radhika Soni
Website: www.hemsecurities.com
SEBI Registration number: INM000010981


Vikas Road Carriers IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri East, Mumbai – 400059
Tel No.: 022-62638200
Fax No.: 022-62638299;
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com;
Contact Person: Srinivas Dornala
SEBI Registration No.: INR000001385


Other Details:

  • Legal Counsel to the Issue – MMJC & Associates LLP
  • Statutory Auditor – Sakarwala & Associates
  • Peer Review Auditor *- M/s Mittal and Associates, Chartered Accountants
  • Bankers to the Company – Union Bank of India, ICICI Bank and HDFC Bank Limited

Vikas Road Carriers IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Vikas Road Carriers IPO Grey Market Premium

The Vikas Road Carriers IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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