IPO Issue Details
Issue Price / Price Band₹45 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size20,64,000 shares (aggregating up to ₹9.29 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 23 May 2018
Subscription CloseFri, 25 May 2018
Anchor AllotmentTue, 22 May 2018
Basis of AllotmentWed, 30 May 2018
Initiation of RefundsThu, 31 May 2018
Credit of Shares to DematFri, 01 Jun 2018
Listing DateMon, 04 Jun 2018
UPI Mandate Deadline2018-05-25
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 3,000 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 6,000 shares
Net Offer to Public19,56,000 shares (aggregating up to ₹8.80 Cr)
Reserved for Market Maker1,08,000 shares (aggregating up to ₹0.4860 Cr)
Pre-IPO Promoter Holding55,80,000 shares
Post-IPO Promoter Holding76,44,000 shares
About Shree Vasu Logistics Ltd.
Incorporated in 2007, Chattisgarh based Shree Vasu Logistics Limited is a company engaged in providing various logistic services such as acting as Carrying and Forwarding Agent, Warehousing and Inventory Management and Distribution Management through Secondary Transportation.Shree Vasu has positioned itself as a third party Logistics Services Provider (LSP). It operates the business mainly through carrying and forwarding agent model in the domestic market. At present, it is serving diverse industries like FMCG, Automotives, food, Electronics, Industrial Equipments and Electricals, Lifestyle Products etc.The company has 366 employees on its payroll.
Objects of the Issue
Shree Vasu Logistics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding the working capital requirements of the Company
7.04
2
2 General corporate purposes
1.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
55,80,000 shares
Post-IPO Promoter Holding
76,44,000 shares