AVG Logistics IPO Details - Date, Prospectus, Allotment, Listing, Reviews & Status

AVG Logistics Limited IPO (AVG Logistics IPO) Detail.

Save Over 60% on Brokerage & Taxes. We can help you save between 60% to 90% brokerage fee & taxes. Contact us today. Incorporated in 2010, Delhi based AVG Logistics Limited is a third-party logistics service operator. The company offers Full Truck Load (FTL) and “hub-and-spoke” transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems. AVG offers its customers services in three key areas: (1) Transportation whereby we provide point-to-point, less than truck-load, time-definite transportation services; (2) Warehousing whereby we provide warehousing, distribution and cold-chain warehousing; and (3) Value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.

As of September 30, 2017, the company had five (5) trans-shipment centres at Guwahati, Bangalore, Hyderabad, DelhiUP border, and Kundli (Delhi-Haryana border) and forty nine (49) branches across India, covering twenty three (23) states as of September 30, 2017. It operates two hundred sixty four (264) owned containerised vehicles which are GPS-enabled vehicles, of which eighty five (85) are refrigerated (reefer) trucks. AVG also provides warehousing facilities to select customers and the warehouses are well connected to several manufacturing and consumption clusters in India aggregating to 3.54 lakh square feet. It has warehouses in Modinagar, Ghaziabad, Delhi and Panipat. The company is in the process of setting up additional large format, multi-user warehouses in certain strategic locations and have acquired land at Agartala in Tripura and Mysore in Karnataka adding 1.08 lakhs square feet which will enable the expansion of its warehousing space to 4.62 lakhs square feet by April, 2019.

As of January 31, 2018, we had 521 full-time employees. Company Promoters: The promoters of the Company are Mr. Sanjay Gupta, Ms. Asha Gupta and Ms. Niti Gupta. The Promoter holds 72,04,000 Equity Shares, which constitutes approximately 99.94% of the issued, subscribed and paid-up Equity Share capital of the Company.