The initial public offer
(IPO) of VRL Logistics was over-subscribed at 1.10 times of the issue size on the second day of subscription, according to reports.
Report said that the IPO received bids for 1,79,64,375 shares against the total issue size of 1,62,69,006 shares.
The company has fixed a price band of Rs 195-205.
The shares are proposed to be listed both on the BSE and the NSE.