VRL Logistics IPO over-subscribed 1.94 times

The IPO received bids for 3,15,10,440 shares against the total issue size of 1,62,69,006 shares of the second day of the offer.

Apr 17, 2015 03:04 IST India Infoline News Service

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The initial public offering of VRL Logistics was over-subscribed 1.94 times of the issue size on the second day. 
The IPO received bids for 3,15,10,440 shares against the total issue size of 1,62,69,006 shares of the second day of the offer.
The qualified institutional buyers (QIBs) category was subscribed 1.27 times and the non-institutional investors portion received 1.82 times subscription.. 
The company has fixed a price band of Rs 195-205.

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