AVG Logistics IPO is set to make its debut on 28 March 18 with 33.06 cr is a third-party logistics service operator.
AVG Logistics IPO – overview
| IPO Dates | 23-March – 3 April 18 |
| IPO Price | INR 107 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,090,000 shares (INR 33.06 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
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
1 Augmenting additional working capital requirements
2. General Corporate Purpose
3. Meeting Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 8,352.23 | 6,996.76 | 6,096.39 |
| Total Revenue | 19,485.88 | 19,229.25 | 18,331.70 |
| Profit After Tax | 443.34 | 380.16 | 319.31 |
Company Contact Information
AVG Logistics Limited
Shop No. 25
DDA Market, Savita Vihar
Delhi 110092
Phone: +91 11 4567 4071
Email: compliances@avglogistics.com
Website: http://www.avglogistics.com
AVG Logistics IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: avglogistics.ipo@linkintime.co.in
Website: https://linkintime.co.in/
AVG Logistics IPO Lead Manager(s)
- Systematix Corporate Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
