VRL Logistics provides logistics services, focusing mostly on domestic freight transportation. Bus operations, air passenger transportation, the sale of power, and the sale of certified emission reduction units produced by the operation of windmills are some of its additional businesses.
VRL has the largest fleet of privately owned cars in the nation, with 5,111 vehicles and infrastructural facilities for operational use dispersed throughout 956 locations. In FY 2022, the corporation opened 91 new branches and purchased 241 new vehicles, 19 of which were electric.
The company’s business segments include:
- Goods Transport (89%)
- Bus Operations (9%)
- Sale of Power (1%)
- Air Charter (0.5%)
VRL Logistics Share Buyback 2023 Details
| Buyback Dates | Coming soon |
| Buyback Price | INR 700 per share |
| Market Price on Buyback Approval | INR 520.45 per share |
| Buyback Premium on Market Price | 34.50% |
| Buyback Offer Size (Shares) | 8,75,000 shares |
| Buyback Offer Size (Amount) | INR 61.25 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
VRL Logistics Buyback Dates
| Board Meeting Intimation for Buyback Proposal | 23 January 2023 |
| Buyback Approval Date | 30 January 2023 |
| Public Announcement of Buyback | 1 February 2023 |
| Buyback Record Date | 10 February 2023 |
| Buyback Opening Date | Coming soon |
| Buyback Closing Date | Coming soon |
| Cut-off Date to receive completed tender forms by Registrar | Coming soon |
| Verification Date by the Registrar | Coming soon |
| Return of unaccepted shares by Registrar | Coming soon |
| Extinguishment of accepted shares | Coming soon |
VRL Logistics Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 2,118.54 | 1,762.92 | 2,393.65 |
| Total Expenses | 1,857.01 | 1,552.26 | 2,032.58 |
| Net income | 90.12 | 45.07 | 160.11 |
Objects of the Issue:
The Buyback offers the following advantages:
a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
VRL Logistics Buyback 2023 Documents
Company Contact Information
VRL Logistics Limited
Giriraj Annexe,
Circuit House Road,
Hubballi – 580029
Phone: 08362237511
Email: headoffice@vrllogistics.com
Website: https://www.vrlgroup.in/
VRL Logistics Buyback 2023 Registrar
- KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: vrl.buyback@kfintech.com
Website: https://karisma.kfintech.com/
VRL Logistics Buyback 2023 Manager
Lead Manager(s)
- Motilal Oswal Investment Advisors Pvt Ltd
