Vikas Road Carriers IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 31, 2023Vikas 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 | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Vikas Road Carriers IPO
The 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.
Subscribe to Vikas Road Carriers IPO
Vikas Road Carriers IPO Date
The opening and the closing date is X 2018 – X 2018.
Vikas Road Carriers IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| 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-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 5,980.62 | 5,350.34 | 4,654.21 | 3,438.33 | 2918.87 |
| Total Revenue | 14,765.82 | 13,682.30 | 10,621.93 | 8,334.79 | 7567.13 |
| Total Expense | 14,765.82 | 13,682.30 | 10,621.93 | 8,334.79 | 7567.13 |
| Profit After Tax | 142.61 | 108.21 | 74.18 | -63.97 | -67.82 |
Earnings per Equity Share (in Lakh)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 4.3 | 1.88 | 1.43 | 1.01 |
| Diluted | 4.3 | 1.88 | 1.43 | 1.01 |
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 Company | Issue 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 Portion | Upto 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 Lakh | Upto 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 Lakh | Upto 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 Issue | 75,68,888 Equity Shares of face value of Rs. 10 each |
| Equity Shares outstanding after the Issue | Upto 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
List of Upcoming IPOs in 2018
| G R InfraProjects IPO | Bright Solar IPO | Shree Vasu Logistics IPO | Finecure Pharmaceuticals IPO |
| Yash Highvoltage IPO | Latteys Industries IPO | Sonam Clock IPO | Shiva Industrial IPO |
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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 1.01 | 12.16% | 8.32 |
| 31-Mar-16 | 1.43 | 15.07% | 9.49 |
| 31-Mar-17 | 1.88 | 16.57% | 11.37 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 43.2 |
| Highest | 32.99 |
| Lowest | 53.41 |
- Comparison of Accounting Ratios with Peer Group Companies:
| Name of the Company | Face Value | P/E | EPS (Rs.) | RoNW % | NAV per Share Rs. |
| Vikas Road Carrriers Ltd | 10 | [●] | 1.88 | 16.57 | 11.37 |
| Lancer Containers Lines Ltd. | 10 | 32.99 | 2.94 | 16.88% | 17.41 |
| VRL Logistics Ltd | 8.19 | 13.01% | 59.32 |
List of Latest IPOs of 2018
| SoftTech Engineers IPO | Akshar Spintex IPO | Godha Cabcon Insulation IPO | Indo US Biotech IPO |
| E2E Networks IPO | Dr. Lalchandani Labs IPO | Kims Hospitals IPO | Megastar Foods IPO |
Vikas Road Carriers IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED
904, A Wing, 9th Floor Naman Midtown, Senapati Bapat Marg, |
Vikas Road Carriers IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
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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