Tuesday, April 7, 2015

VRL Logistics sets IPO. The issue opens of April 13 and closes on April 17

Parcel delivery company VRL Logistics is coming out with an initial public offer (IPO) to raise between Rs. 451 crore and Rs. 468 crore to give a partial exit to private equity investor New Silk Route, and pay off some debt and buy additional fleet. 

VRL Logistics fixed a price band of Rs. 195 to Rs. 205 per equity share, which comprises of primary and secondary offering. The issue opens of April 13 and closes on April 17. The bid can be for minimum 65 shares and in multiples of 65 th .. 

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