Monday, April 13, 2015

Hurry Hurry.. VRL Logistics Limited. Offer Period 15th Apr 2015, Issue close- April 17th , 2015,

Price Band Rs.195-  RS.205/-per share.  Bid Lot 65 Shares( and in multiples of 65 shares thereafter.),      
Face Value Rs. 10/-

"At the higher price band of Rs 205, the stock is valued at ~33x its FY14 diluted EPS of Rs 6.3.

 Our back of the envelope calculations estimate the stock to be trading at ~16x its FY16 (E) EPS of ~Rs 13 and 7.5x its FY16 (E) EV/EBITDA. Given a) 

VRL’s pan India presence, b) ownership model and c) return ratios we believe, 

VRL is under- valued and hence there is a high probability of listing gains. 

Hence, we recommend “Subscribe” on VRL IPO for short term and medium term investors"

Thank You 

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