Business description – AVG Logistics is an organised third-party logistics service operator offering logistics solutions to a wide range of customers. It offers Full Truck Load (FTL) and “hub-and-spoke” transportation model and warehousing services to select clients with pan-India distribution network and automated technology systems. Its customers operate in various sectors across India, including automotive and heavy engineering, telecom, food and agro, fast-moving consumer goods (“FMCG”), paint and dairy. The company offers its services in three key areas (1) Transportation providing point-to-point, less than truck-load, time-definite transportation services; (2) Warehousing, distribution and cold-chain warehousing; and (3) Value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.
As of 30 September 2017, it has 5 trans-shipment centres at Guwahati, Bangalore, Hyderabad, Delhi-UP border, and Kundli (Delhi-Haryana border) and 49 branches across India, covering 23 states. It operates 264 owned containerised vehicles which are GPS-enabled vehicles, of which 85 are refrigerated (reefer) trucks. The company has warehouses in Modinagar, Ghaziabad, Delhi and Panipat and is setting up additional large format, multi-user warehouses in certain strategic locations and has acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakh square feet which will enable the expansion of its warehousing space to 4.62 lakh square feet by April 2019.
Promoters of AVG Logistics – Mr Sanjay Gupta; Ms Asha Gupta and Ms Niti Gupta
| AVG Logistics IPO details | |
| Subscription Dates | 28 Mar – 3 April 2018 |
| IPO Price band | INR105 – 107 per share |
| Fresh issue | 3,090,000 shares (INR32.44 – 33.06 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,090,000 shares (INR32.44 – 33.06 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Setting up warehousing facilities at Agartala and Mysore
- Working Capital Requirements
- General Corporate Purpose
- Issue Expenses
| AVG Logistics’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 96.3 | 130.4 | 183.3 | 192.3 | 194.9 | 103.6 |
| Total expenses | 93.5 | 126.4 | 178.5 | 186.6 | 188.5 | 98.9 |
| Profit after tax | 1.9 | 2.6 | 3.2 | 3.8 | 4.4 | 3.5 |
AVG Logistics’ Contact Details
AVG Logistics Limited
102, 1st Floor (above State Bank of India)
Jhilmil Metro Station Complex
Delhi – 110 095
Phone: +91 11 2212 4356
Email: [email protected]
Website: www.avglogistics.com
AVG Logistics IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.13 |
| Day 2 | 0.33 |
| Day 3 | 2.55 |
AVG Logistics Valuation (Latest FY)
Earnings Per Share (EPS): INR6.15
Price/Earnings (P/E) ratio: 17.07 – 17.39
Return on Net Worth (RONW): 20.32%
Net Asset Value (NAV): INR30.27 per share
Registrar of AVG Logistics IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
AVG Logistics IPO Allotment Status
AVG Logistics IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of AVG Logistics
IPO Opening Date: 28 March 2018
IPO Closing Date: 3 April 2018
Finalisation of Basis of Allotment: 6 April 2018
Initiation of refunds: 9 April 2018
Transfer of shares to demat accounts: 10 April 2018
Listing Date: 11 April 2018
Listing Price on NSE SME: INR113 per share (up 5.61% from IPO price)
Closing Price on NSE SME: To be updated
