AVG Logistics IPO

AVG Logistics IPOBusiness 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

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