IPO Issue Details
Issue Price / Price Band₹107 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size30,90,000 shares (aggregating up to ₹33.06 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 28 Mar 2018
Subscription CloseTue, 03 Apr 2018
Anchor AllotmentTue, 27 Mar 2018
Basis of AllotmentMon, 09 Apr 2018
Initiation of RefundsTue, 10 Apr 2018
Credit of Shares to DematTue, 10 Apr 2018
Listing DateWed, 11 Apr 2018
UPI Mandate Deadline2018-04-03
Application & Investment Details
Retail — Min (1 Lots)₹1,28,400 — 1,200 shares
Retail — Max (13 Lots)₹1,669,200 (13 Lots)
HNI — Min (2 Lots)₹2,56,800 — 2,400 shares
Net Offer to Public29,35,200 shares (aggregating up to ₹31.41 Cr)
Reserved for Market Maker1,54,800 shares (aggregating up to ₹1.66 Cr)
Pre-IPO Promoter Holding72,08,000 shares
Post-IPO Promoter Holding1,02,98,000 shares
About AVG Logistics Ltd.
Incorporated in 2010, Delhi based AVG Logistics Limited is a third-party logistics service operator. The company offers Full Truck Load (FTL) and “hub-and-spoke” transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems.AVG offers its customers services in three key areas:(1) Transportation whereby we provide point-to-point, less than truck-load, time-definite transportation services;(2) Warehousing whereby we provide 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 September 30, 2017, the company had five (5) trans-shipment centres at Guwahati, Bangalore, Hyderabad, DelhiUP border, and Kundli (Delhi-Haryana border) and forty nine (49) branches across India, covering twenty three (23) states as of September 30, 2017. It operates two hundred sixty four (264) owned containerised vehicles which are GPS-enabled vehicles, of which eighty five (85) are refrigerated (reefer) trucks.AVG also provides warehousing facilities to select customers and the warehouses are well connected to several manufacturing and consumption clusters in India aggregating to 3.54 lakh square feet. It has warehouses in Modinagar, Ghaziabad, Delhi and Panipat. The company is in the process of setting up additional large format, multi-user warehouses in certain strategic locations and have acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakhs square feet which will enable the expansion of its warehousing space to 4.62 lakhs square feet by April, 2019.As of January 31, 2018, we had 521 full-time employees.
Objects of the Issue
AVG Logistics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up warehousing facilities at Agartala and Mysore
16.00
2
2 Working Capital Requirement
15.16
3
3 General Corporate Purpose
4.84
Shareholding & Lock-in
Pre-IPO Promoter Holding
72,08,000 shares
Post-IPO Promoter Holding
1,02,98,000 shares