Business description – Shree Vasu Logistics is engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management though Secondary Transportation. It has positioned itself as a third party Logistics Services Provider (LSP). The company operates its business mainly through carrying and forwarding agent model in the domestic market. Its registered office is located at Raipur, Chhattisgarh. The company offers its services mainly in the domestic market specifically in the state of Chhattisgarh.
Promoters of Shree Vasu Logistics – Atul Garg and Shree Bhushan Garg
| Shree Vasu Logistics IPO details | |
| Subscription Dates | 23 – 25 May 2018 |
| IPO Price band | INR45 per share |
| Fresh issue | 2,064,000 shares (INR9.29 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,064,000 shares (INR9.29 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements – INR7.04 crore
- General corporate purposes – INR1.35 crore
- Public issue expenses – INR0.90 crore
| Shree Vasu Logistics’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 1,642.8 | 1,806.2 | 2,178.0 | 2,302.5 | 2,769.2 | 2,279.2 |
| Total expenses | 1,584.8 | 1,735.6 | 2,083.0 | 2,203.9 | 2,653.6 | 2,020.9 |
| Profit after tax | 39.7 | 52.7 | 66.2 | 75.6 | 78.7 | 189.1 |
Shree Vasu Logistics’ Contact Details
Shree Vasu Logistics Limited
Logistics Park, Opp. Jaika Automobiles,
Ring Road No. 1
Raipur – 492 001
Phone: +91 0771 661 4848
Email: [email protected]
Website: www.shreevasulogistics.com
Shree Vasu Logistics IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.90 |
| Day 2 | 1.06 |
| Day 3 | 1.58 |
Shree Vasu Logistics Valuation (Latest FY)
Earnings Per Share (EPS): INR1.41
Price/Earnings (P/E) ratio: 31.91
Return on Net Worth (RONW): 13.62%
Net Asset Value (NAV): INR10.35 per share
Registrar of Shree Vasu Logistics IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Shree Vasu Logistics IPO Allotment Status
Shree Vasu Logistics IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Shree Vasu Logistics
IPO Opening Date: 23 May 2018
IPO Closing Date: 25 May 2018
Finalisation of Basis of Allotment: 30 May 2018
Initiation of refunds: 31 May 2018
Transfer of shares to demat accounts: 1 June 2018
Listing Date: 4 June 2018
Listing Price on NSE SME: INR48 per share (up 6.67% from IPO price)
Closing Price on NSE SME: INR48.50 per share (up 7.77% from IPO price)
