AVG Logistics Limited Profile:
AVG Logistics Limited was established in 2010, and it is based in Delhi. AVG Logistics is a third-party logistics service operator. It has Huge customers base from the sectors of FMCG, Engineering, Automotive, Telecom, Pharmaceuticals, Consumer Goods, Raw Materials.
In a competitive environment, AVG logistics provides the competitive edge. They focus on customer satisfaction. Their Mission statement believes in Achieving business objectives by delivering desired quality of service at competitive cost. They Specialize in two of the most important functions of logistics Transportation and Warehousing. They have their own fleet of vehicles carrying about 7500 containers in a year.
They provide finest warehousing facilities. The warehouses are strategically located, nearer to the port as well as the city. Most of their clients availing transport and Warehouse services. The staff of AVG Logistics is well trained, prepared and capable of managing their client’s requirements. They use information technology to strengthen operational control and forecasting to the best advantage of the organization. This, in turn, helps them at AVG Logistics to achieve their objectives in a cost-effective way with the best quality.
AVG Logistics limited has seven strategically positioned Hubs, in principal centers, it guarantees a huge reliable and cost-effective cargo consolidation, distribution, and transportation network.
AVG Logistics Limited Key Strengths:
- Maximum reach.
- Cost effective model.
- Wide Distribution Network for localized enterprises.
- Frequent services offer customers the flexibility of schedule as per convenience.
- Warehouse and storage facility.
AVG Logistics Limited Promoters:
The promoters of the Company are Mr. Sanjay Gupta, Ms. Asha Gupta, and Ms. Niti Gupta.
AVG Logistics Limited IPO details:
Symbol: AVG
Issue Size: The Initial Public offer of Up to 30,90,000 Equity Shares (including Market Maker portion of 1,54,800 Equity Shares)
Face Value: Rs.10
Price Range: Rs 105 to Rs 107
Issue Type: 100% Book Building
Bid Lot: 1,200 equity shares and in multiples thereof
Minimum Order Quantity: 1,200 Equity shares
Registrar: Systematix Corporate Services Limited
Issue Period: 28-Mar-2018 to 03-Apr-2018
Maximum Subscription Amount for Retail Investor: Rs.2,00,000
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
AVG Logistics Limited IPO Subscription Details:
| Total Issue Size | 2210400 |
| Total Bids Received | 154800 |
| Total Bids Received at Cut-off Price | – |
| No. of times issue is subscribed | 0.07 |
* Last updated on 28-Mar-2018 10:20:00 IST
Bid Details for AVG as on 28-Mar-2018 10:25:01 IST
| Sr. No | Category | No of shares bid for |
| 1 | Qualified Institutional Buyers(QIBs) | 0 |
| 2 | Non Institutional Investors | 1,54,800 |
| 3 | Retail Individual Investors(RIIs) | 0 |
| 4 | Employees | – |
| Total | 1,54,800 |
Financials of the AVG Logistics Limited:
| AVG Logistics’ financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 96.3 | 130.4 | 183.3 | 192.3 | 194.9 | 103.6 |
| Total expenses | 93.5 | 126.4 | 178.5 | 186.6 | 188.5 | 98.9 |
| Profit after tax | 1.9 | 2.6 | 3.2 | 3.8 | 4.4 | 3.5 |
AVG Logistics Limited Allotment Status:
AVG Logistics Limited IPO Allotment Date: n/a
AVG Logistics Limited IPO Listing Date: n/a
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