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The Indian economy has witnessed fast-paced growth over the last decade, making it
In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
one of the preferred investment destinations for multinational corporations and a recognized
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
the change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
manufacturing hub to the world. This, in turn, has resulted in increased demand for world-
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
class logistics and warehousing services in India, leading to the growth and transformation of
on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
this sector. The logistics sector has been growing at an impressive rate").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
of 8 to 10 per cent per
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
annum since 2002 to touch revenues
Book Running of
Lead$100 billion
Manager, in of2007
on the basis - 08.
assessment The demand
of market Worldfor Bank's 2007offered by way of book building
the Equity Shares
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Global Logistics Report ranks India 39 amongst 150 countries in terms of logistics
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
performance during the yearInvestments
as well as its
in equity future potential.
and equity-related Further,
securities involve a degree the
of riskIndian logistics
and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
industry is expected to grow annually at the rate of 15 to 20 per cent, reaching revenues of
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
approximately US $ 385 billion by 2015. The accelerated growth of)..0'"^..-@0%'&"'.,-*.)4)@)%M
the logistics industry,
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
coupled with an increasing trend totheoutsource
Issuer and Issue, which iswarehousing activities,
material in the context of the Issue, has made
that the India
information a vast
contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
and untapped market.
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
The increasing costfrom
of1 tofuel,
5 with aninfrastructure facilities
“IPO Grade 5” indicating and andcompetition,
strong fundamentals less poor fundamentals. For detail
an “IPO Grade 1” indicating
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
methods are developed frequently. After computers are developed new software’s
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developed for routing and scheduling. 14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
VRL is organized logistic service provider in Grievance
Investor India; where
Email : as 90% of the other
Email: vrl.i
edelcapredressal@edelcap.com
Website: www.edelcap.com Website: ww
players are unorganized. VRL is the one of the Person:
Contact organization
Mr. Sumeet that
Lath / is continuous Contact Pers
Ms. Navdeep Kaur
growing in present competition. 4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
1
Kousali Institute Of Management Studies
CMYK
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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Kousali Institute Of Management Studies
CMYK
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
It was during industrial revolution that massive modifications of transport
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
systems occurred in two major phases. The first centered along the development of
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
canal systems and the second centered thermal energy into mechanical energy,
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
providing an important territorial
must rely on theirexpansion for
own examination of maritime
the Issuer and the Issueand railway
including transport
the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
systems. Much of the credit of developing the first efficient steam engine in 1765 is
)..0'"^..-@0%'&"'.,-*.)4)@)%M
attributed to the British engineer Watt,
The Issuer having although
made all reasonablethe first
inquiries, steam
accepts engine
responsibility were
for and used
confirms toDraft Red Herring Prospectus
that this
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
pump water out of mines. This marked a new era in the mechanization of land and
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
maritime transport system alike.
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
The main consequence of the industrial revolution was a specialization of
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The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
transportation services andfromthe
BSEestablishment ofourlarge
and NSE for the listing of distribution
Equity Shares networks
and Warrants pursuant of [!raw
to letters dated ] and [!], respectively. For purposes o
is [!].
materials energy. 4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
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14th Floor, Express Towers, “Karvy Hou
International transportation undertookNariman
an important phase
Point, Mumbai 400 of
SEBI Reg. No. : INM000010650
021,growth
India towards Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
the end the 19th century, especially withEmail: improvement in engine propulsion
vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
Email: vrl.i
technology and gradual shift from coal to oil inedelcapredressal@edelcap.com
the 1980s.
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
Early self-propelled road vehicles were powered by steam, as electricity
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
opening the way for the modern automobile was the invention of the internal
combustion engine, fueled by gasoline, 1876. Within a few decades, automobile and
other motor vehicles such as trucks and buses were everywhere. Highways were built
3
Kousali Institute Of Management Studies
CMYK
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or eliminate many problems
This such
being theas
firstcongestion, delay
public issue of Equity Shares and air pollution
and Warrants of our Company,that modern
there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
man encounter in transporting himself,
Book Running his family
Lead Manager, andof his
on the basis products
assessment of marketover
demandland.
for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Historical background Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Right from the pre-historic times, trade has been the most significant
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
achievement that mankind The
hasIssuer
ever got
having par
made with and
all reasonable theaccepts
inquiries, conquest forforexcellence
responsibility and confirms thatstill
this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
continues. This even gets justified
and is not when
misleading in any VRLthat look
material respect, the opinionsatand intentions
the present
expressed hereinday
are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
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structure of the world economy solely based on trade and commerce. The term
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
trade comes along with thefrom
supply and demand of the goods and commodities being
1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
search for potential customers by exploring newer markets. This requires "'+).%"#"&%-&%('&)..0'
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transportation (selection of mode of transport14th
depends upon Towers,
Floor, Express the proximity of market “Karvy Hou
Nariman Point, Mumbai 400 021, India
Banjara Hill
to be served and the financial constraints ofSEBI
the(91Reg.
Tel:
No. : INM000010650
organization)
22) 4086 3535 Fax: and
(91 22)hence,
2288 2119the term Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
“Logistics”. Investor Grievance Email :
Email: vrl.i
edelcapredressal@edelcap.com
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
“Logistics”, as defined classically, is the time related positioning of goods,
4)!d)..0'&,"-+"#AA'
has been in place ever since 4)!d)..0'&
warfare existed between
- , ' * .& -*& mankind. [!
F& Tracing
] I22e on the history
4)!d). . 0 ' & / @ - . ' .& - *
and evolution of logistics, it would be correct to say that Military logistics is the
predecessor of modern business logistics. It’s in fact appropriate to take a field of
4
Kousali Institute Of Management Studies
CMYK
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• FedEX, The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
• Kuehne-Nagel, is [!].
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• Schenker,
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14th Floor, Express Towers,
• UPS, Nariman Point, Mumbai 400 021, India
“Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
• Panalpina, Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119
Email: vrl.ipo@edelcap.com
Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
• C.H. Robinson, edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
• TNT Logistics, Ms. Navdeep Kaur
Contact Pers
• Schneider, 4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
• Maersk Logistics
• NYK Logistics.
• VRL Logistic LTD
5
Kousali Institute Of Management Studies
Rail
CMYK
moved by road. Almost every mode of
transportation in India is fraught with Road
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for foreign trade—have very high turnaround
% of total cargo movement
times when compared with statistics for other
odernisation of 37 ?"@& @-+).%)/.& @)A)%'!
countries. Similarly, the railways,(Ourwhich
Companywere a
was incorporated in theSource:
State ofConfederation of Indian
Karnataka as a private limitedIndustry
company under part IX of the Companies Act, 1956 under the name of Vijay
perational airports Incorporation dated March 31, 1983 was issued by the Registrar of Companies, Bangalore, Karnataka. The Company became a deemed public Limited Compan
popular mode for freight transportation
was made by the Registrar of Companies, Bangalore, Karnataka on July 1, 1994, on the Original Certificate of Incorporation dated March 31, 1983. Pursuant to
Extraordinary General Meeting held on February 14, 1997 the status of our Company was subsequently changed from a deemed public Limited Company to a
d development of
Various
(especially the movement modes was of
of bulk transportation
goods),
changed to VRLhave and a and
Logistics Limitedhand, fresh their
is acertificate
costly characteristics
mode and
of incorporation, its use
consequent ofIndia
is restricted
on change to to our Company on August 25, 200
name, was granted
w airports will "><8=B>C>:&-DD8E>F R.S No. 351/1, NH-4, Bangalore Road, Varur, Hubli 581 207, Karnataka India Tel: (91 836) 2237 6
lost ground to road transportation due to courier
/5CG5CHB>&-DD8E>F shipments.
Giriraj Annexe,ItCircuitis rarely
HouseusedRoad, for
Hubli- bulk
580 029. Tel: (91 836) 2237 511/512, Fax
(For changes in our name and registered office see “Our History and Certain Corporate Matters” o
crease air cargo Contact Person: Mr. R. P. Raichur, Company Secretary and Compliance Officer
limited access to smaller towns. Air, on the other transportation. Email: investors@vrllogistics.com, Website: www.vrllogistics.com
ndling capacity. ,04@)/& )..0'& -$& IJK2J22J222& 'L0)%M& .(#"'.& -$& ".N& 12& '#/(& $-"& /#.(&#%&#& ,")/'& -$& ".N& O!P& ,'"& 'L0
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modes of transportation and their characteristics !P&@#/.&QU)..0'VRN&%(
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Roads Railways Water / Ports
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Advantages: Advantages: Advantages: Advantages:
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!Road network of 3.3 ! Spread over 81,500 km, ! Cheapest,")/'&4#*!F&".N&O
mode of ! Fastest mode of
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million km is the second railways carries 25% of transportation transportation
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
largest globally total freight movement %('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
!55% of total freight ! Low transportation
Period/Issue Periodcost
not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
movement is via as the
compared
change onto the
roads
websites of the Book Running Lead Managers and at the terminals of the Syndicate.
roadways The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
!Roads offer wide reach allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
and easy accessibility to on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
even small markets ").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Disadvantages: Disadvantages: Disadvantages:
value of the Equity Shares is Rs.10 per Equity Share and the IssueDisadvantages:
Price is [!] times of the face value. The Issue Price (as determine
High cost of Book
Bulk Running
commodities Lead Manager, on the
Poor basis
stateofofassessment
inland of market demand for the Equity Shares offered by way of book building
! ! ! ! Low freight movement
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
transportation account
and/or for 90% oftrading
sustained total in the Equity
waterways
Shares in
andthe country
Warrants of the !
Company
87% of ortotal
regarding
freightthetraffic
price at which the Equity Shares andW
! National Highways freight revenues ! High turnover time +'*'"#@&
being handled ").Z.
by airports
account for only 2% of Investments
Inflexibility to inreach
equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
deep
! in metro cities
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
the total network but interiors
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
carries 40% of total approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
freight
)..0'"^..-@0%'&"'.,-*.)4)@)%M
Key Developments: Key Developments: Key Developments:
The Issuer having made all reasonable Key Developments:
inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
! National Highway ! Phase
and 1is of
notdedicated ! Cargo
misleading in any material handling
respect, that capacity
the opinions and! Modernisation
intentions expressedof herein
37 are honestly held and that there are n
Development Project to this Draft
freight Red Herring
corridor along Prospectusofasports
a whole or any
to be of such information
increased or the expression
operational airportsofand
any such opinions or intentions mislea
upgrade and modernise from 600 million tones in ),-&
development of new +"#!)*+
Golden Quadrilateral to
highways be This Issue in
initiated has been graded by [!2007
2008-09 ] andto
has1500
beenmillion airports
assigned the “IPO Grade [!]”will increase[!air
indicating ], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
! 24,000 km of National tones by 2015 cargo handling
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
capacity
Highways are to be @).%)*+& #""#*+'A'*%
upgraded to four/six The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
lanes. Connectivity to from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
ports is also being
improved 4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
! The following projects ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
are under development. Nariman Point, Mumbai 400 021, India
- The Golden SEBI Reg. No. : INM000010650 Banjara Hill
Quadrilateral Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
- North – South Corridor Investor Grievance Email :
- East – West Corridor edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
6
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improving operational efficiency in other disciplines.
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
India is not aloof as well, when VRL talk about the utilization of 3rd Party
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
logistics by companies in India, itinhas
Investments equitybeen 55% when
and equity-related securitiescompared
involve a degreeto
of the global
risk and investorsindex
should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
of 71%. This further testifies the increasing role and understanding of
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
optimal business practices by the Indian firms. With the relaxation in government
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
policies and banking on Issuer
theand highly skilled
the Issue, which is material inand educated
the context labor
of the Issue, that force,
the information the
contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
industries in India (specifically; Manufacturing and Services) are in the phase of
),-& +"#!)*+
7
Kousali Institute Of Management Studies
CMYK
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market to a value of $1,041 billion by the end of 2012. Comparatively, the European
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
and Asia-Pacific markets value
willof grow with CAGRs of 0.6% and 9.7%, respectively,
the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
over the same period, to reach respective
and/or sustained trading in values of $255.6
the Equity Shares billion
and Warrants and $431.9
of the Company or regarding billion
the price at which the Equity Shares andW
+'*'"#@& ").Z.
in 2012. The market share Investments
of the Asia pacific
in equity is onesecurities
and equity-related thirdinvolve
accounting
a degree of to
risk 33.8 % of
and investors thenot invest any funds in this Issue
should
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
total, with United States contributing theexamination
must rely on their own lion share withand35.2%
of the Issuer and Europe
the Issue including 30.9%
the risks involved. The of
Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
the total revenue generated. )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
Four Major 3PL Segments: this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
Non-asset based Domestic Transportation Management (TM):
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
3PLs providing value- added transportation management services dealing
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
with shipments originating in and destined to domestic locations. Services are usually
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
performed in conjunction with freight brokerage and are often contractual.
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Non-asset based International Transportation Management
Tel: (91 (ITM):
22) 4086 3535 Fax:
Email: vrl.ipo@edelcap.com
(91 22) 2288 2119 Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
3PLs providing value-added international transportation management services
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
dealing with shipments, and usually performed in Ms.
conjunction
Navdeep Kaur with freight
Contact Pers
8
Kousali Institute Of Management Studies
CMYK
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@).%)*+& #""#*+'A'*%
firms are in Inventory Management, Warehousing,
The Equity Shares Distribution,
and Warrants offered through etc.Prospectus
this Draft Red Herring Examplesare proposedof
to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
such firms are DSCis [!].Logistics, USCO, and Excel, Caterpillar Logistics
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
Services, IBM.
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Forwarder Based: Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119
Email: vrl.ipo@edelcap.com
Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
This category includes companies likeedelcapredressal@edelcap.com
Kuehne & Nagel, Fritz, C.H Robinson Email: vrl.i
Website: www.edelcap.com Website: ww
and Hub Group. They have expanded their Contact
middlemanPerson: Mr. Sumeet Lath /
roles
Ms. as forwarders
Navdeep Kaur and/or Contact Pers
4)!d)..0'&,"-+"#AA'
brokers into the broader range of 3PL services. Essentially, these firms are non-asset
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
owners, are very independent and deal with a wide variety of suppliers in logistics
services.
9
Kousali Institute Of Management Studies
CMYK
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Examples: Transplace, Nistevo are popular companies in this type of 3PL services.
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Why Organizations need to use 3PL services?
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
3PL services are very important
Investments in equity for organization
and equity-related securitiesto gaina degree
involve effectiveness in many
of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
of their activities. A few such activities, which lay the very foundation in
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
ensuring the effectiveness of the offering by the company, are: )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
Save time and cost: this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
Organizations are not
This required
Issue has been to invest
graded by [!] in
and both
has beentime
assignedand money
the “IPO Grade [!and they [!save
]” indicating ], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
a lot in both these factorssection
if they take
“General up the
Information” services
beginning on page [!of the3PL
] of this Draft Redcompanies.
Herring Prospectus.They
@).%)*+& #""#*+'A'*%
would save themselves of The
theEquity
time and
Shares and cost involved
Warrants inthisbuying
offered through trucksProspectus
Draft Red Herring and providing
are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
for the training and development
is [!]. required in these services.
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
Expansion:
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
Accessing 3PL services help the organizations in expanding
Nariman Point, theirIndia
Mumbai 400 021, business to a “Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
wider range of new, unexplored markets. Tel:
Apart
(91 22)from providing
4086 3535 Fax: (91 22)services
Email: vrl.ipo@edelcap.com
2288 2119 in the Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
domestic sectors, 3PL provides internationaledelcapredressal@edelcap.com
services as well. This will help Email: vrl.i
Website: www.edelcap.com Website: ww
the organizations to expand to internationalContact
markets.Person: Mr. Sumeet Lath /
This,
Ms. at times,
Navdeep may be a major
Kaur
Contact Pers
problem for organizations, which are taken care of by the 3PL service4)!d)..0'&,"-+"#AA'
providers.
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
10
Kousali Institute Of Management Studies
CMYK
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This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
11
Kousali Institute Of Management Studies
CMYK
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international business and personal courier services, DHL Freight and DHL Global
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Forwarding catering to international air and ocean transportation as well as European
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
overland transportation. The
and/orDHL
sustainedExel
trading Supplychain division
in the Equity Shares and Warrants of caters foror regarding
the Company the contract
the price at which the Equity Shares andW
+'*'"#@& ").Z.
logistics Services and corporate information
Investments in solutions.
equity and equity-related DHLa degree
securities involve Global
of risk mail division
and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
provides for the mail and must
communication solutions
rely on their own examination and
of the Issuer and integrated
the Issue includingsolutions forThethe
the risks involved. Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
corporate. )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
Federal Express: this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
FedEx provides transportation,
This Issue has been graded bye-commerce and
[!] and has been assigned business
the “IPO services.
Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
The company offerssection
integrated business
“General Information” applications
beginning through
on page [!] of this Draft itsProspectus.
Red Herring operating
@).%)*+& #""#*+'A'*%
companies. The company'sThesubsidiary,
Equity Shares andFedEx Express
Warrants offered is Draft
through this the Red
world's largestareexpress
Herring Prospectus proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
transportation company. FedEx
is [!]. has a host of services to cater to all segments starting
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
from the personal consumer to the complicated supply chain solutions for today’s
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
global business environment. Nariman Point, Mumbai 400 021, India
“Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
12
Kousali Institute Of Management Studies
CMYK
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Mr. Vijay Sankeshwar, the promoter commenced the business of
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
transportation in the state of Karnataka,
Book as a proprietary
Running Lead Manager, concern
on the basis of assessment in the
of market year
demand for the1976. Theoffered by way of book building
Equity Shares
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
proprietary concern subsequently converted into a partnership firm by the name of
+'*'"#@& ").Z.
M/s Vijayanand Road lines in inthe
Investments equityyear 1978. securities
and equity-related This involve
partnership firm
a degree of risk was should
and investors thennot invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
converted into a private limited company
approved by the Securities under part
and Exchange IXof of
Board Indiathe Companies
(“SEBI”), nor does SEBI Act, 1956
guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
under the name of Vijayanand Road lines Private Limited and a Certificate of
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Incorporation dated MarchIssuer31, 1983
and the wasis material
Issue, which issuedin thebycontext
theof the
Registrar
Issue, that the of Companies,
information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
Bangalore, and Karnataka. The Company became a deemed public Limited Company
),-& +"#!)*+
4--Z&"0**)*+&@'#!&A#*#+'"
the Shareholders in the Extraordinary "'+).%"#"&%-&%('&)..0'
General Meeting held on February 14, 1997 the
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor,from
status of the Company was subsequently changed Expressa Towers,
deemed public Limited “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Company to a public limited company. The Tel:name of4086
(91 22) the3535
Company
Fax: (91 22)was changed
2288 2119 to Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
VRL Logistics Limited and the RoC Karnataka granted a fresh certificate
edelcapredressal@edelcap.com of Email: vrl.i
Website: www.edelcap.com Website: ww
incorporation, consequent on change of name,Contact
to the Person:
Company on August
Mr. Sumeet Lath / 25, 2006 Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
13
Kousali Institute Of Management Studies
CMYK
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into Express Cargo to meet the growing demand for quicker and speedier deliveries
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
of parcels. Currently VRLisfrom
handles over 6000 MT of parcels every day adding up to a
BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
[!].
staggering 216,000,000 MT of cargo per annum. Apart from its core business
4--Z&"0**)*+&@'#!&A#*#+'" of
"'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
Cargo Transportation, the company has diversified
14th Floor, into
ExpressPassenger
Towers, Transportation. “Karvy Hou
Nariman Point, Mumbai 400 021, India
Banjara Hill
Today VRL is one of the leading company’s inSEBI
the
Tel:
Reg. No. : INM000010650
(91 Indian
22) 4086 Surface Transport
3535 Fax: (91 Industry.
22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
In 2007, VRL Logistics Ltd. paved itsWebsite:
way into the Indian Aviation Industry.
www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
It is a gradual progression for the company, from Ms. Navdeep Transport
Surface Kaur to Air
4)!d)..0'&,"-+"#AA'
Transport. The Indian Aviation Industry
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last two years, more so in the Private Aviation Sector. Keeping in mind the market
14
Kousali Institute Of Management Studies
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This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
b. Less than full truck Load (Parcel)
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
• General Parcel is [!].
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14th Floor, Express Towers,
ZHC_`&/5a
“Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
c. Courier Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
d. Passenger Travels Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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15
Kousali Institute Of Management Studies
CMYK
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for passenger travels and 40 vehicles for internal use which includes fork lifts, cranes,
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
staff buses, water tankers,value
diesel tanker, tractors etc. The Company’s network of
of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Transshipments/branches/offices for trading
and/or sustained the goods transport
in the Equity business
Shares and Warrants of the covers
Company or17 states
regarding andat which the Equity Shares andW
the price
+'*'"#@& ").Z.
7 Union Territories in India. It has
Investments itsandHead
in equity Office
equity-related at involve
securities Varur, Corporate
a degree Office
of risk and investors shouldatnot invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
Hubli, 5 Administrative Offices,
must rely on 43 transshipments
their own hubs,
examination of the Issuer and the799 owned
Issue including branches
the risks and
involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
1387 franchisees, which enables the smooth flow of goods and services. It also
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
possesses key in-house competencies
Issuer and the Issue,in body
which designing
is material forof the
in the context trucks,
Issue, thatvehicle repair
the information and
contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
maintenance. It also has athisdedicated research
Draft Red Herring and
Prospectus as development
a whole unit orand
or any of such information a software
the expression of any such opinions or intentions mislea
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development center, whichThis
enables us graded
Issue has been in cutting,
by [!] and cost and
has been increase
assigned vehicle
the “IPO Grade efficiency
[!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
and performance. section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
In September 2006, it commenced the wind energy business in southern India
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
16
Kousali Institute Of Management Studies
CMYK
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Corporate Social Responsibility: value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
Our corporate integrity is a critical asset and we are committed to+'*'"#@&
upholding
").Z.it
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
in everything we do. We share ourinvestment.
losing their expectations
Investors areand opinions
advised and
to read the risk strive
factors tobefore
carefully maintain a
taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
workplace built on mutual values, trust and goodwill & we continue to embed these
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
ethical standards in our business environment. Noteworthy is the Vignyan Yog Shivir
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
that we organized that wasandconducted
is not misleadingby Param
in any PujyathatRamdevji
material respect, the opinions andMaharaj which
intentions expressed was
herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
attended by more than 10,000 people across the state. ),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
17
Kousali Institute Of Management Studies
CMYK
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Kousali Institute Of Management Studies
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value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Mr. C. Karunakara Shetty 53 Bhagavathi, No. 100, 1st Cross,
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Independent Director Sharadha Colony, Basaveshwara
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Business Nagar, Bangalore 560 079
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Mr. Mallesh Budihal 57 No. 12, 2nd Cross, Sripuram, Kumara
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
Independent Director Park (VRLst), Bangalore 560 020
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
Business and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Mr. R.S Hugar 67 Pitambar, Kalyan Nagar
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
Independent Director 10th Cross, University Road
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The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
Professional Dharwad - 580 007
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
Karnataka
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
Banjara Hill
Mr. Suresh Angadi 52 SEBI Reg.Sampige Road VishVRLshwar
No. : INM000010650
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119
Nagar
Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Independent Director Investor Belgaum - :
Grievance Email
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com
Business Contact 590 001Karnataka
Person: Mr. Sumeet Lath /
Website: ww
Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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19
Kousali Institute Of Management Studies
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Institute of Economic Studies,
This beingNew Delhi,
the first public issue Aaryabhat Award
of Equity Shares and Warrants ofin
our 2002
Company, and Sir
there has beenM.
no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Vishweshvarya Memorial Book
Award RunninginLead
2007.
Manager,He started
on the the Company
basis of assessment in the
of market demand for theyear
Equity 1976
Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
as a proprietary concern. He is actively involved in day-to-day affairs of the
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
Company. losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
Mr. Anand Sankeshwar: )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
The Managing Director is also the Promoter of the Company. He holds a
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
experience in the media industry. He has also been awarded the ‘Youth Icon’#""#*+'A'*%
@).%)*+& award in
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
the year 2004 by Annual Business Communicators of India and ‘Marketing
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
Professional of the year’ in the year 2005 by the Indira Group of Companies.
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heads the marketing department and is actively
14thinvolved in Towers,
Floor, Express day-to-day affairs of the “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Company. Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Mr. Sudhir Ghate: Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
The Director holds a bachelor’s degree in commerce from Mysore University
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
and he is also a fellow member of the ICAI. He was a partner in M/s Ganesh and
Sudhir, Chartered Accountants, Mangalore from 1982 to 1994. He is a Managing
20
Kousali Institute Of Management Studies
CMYK
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director of Bhagavathi Chits Private
This being the firstLimited,
public issue of which is and
Equity Shares also a member
Warrants ofthere
of our Company, Bangalore
has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Stock Exchange. He has been
Book on theLead
Running Board
Manager,since
on the June 15, 2005.
basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Mr. Mallesh Budihal: Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
The Director holds a bachelor’s degree in Arts from Karnataka University,
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
Dharwad and master’s degree in having
The Issuer Artsmade
(Political Science)
all reasonable from
inquiries, accepts Karnataka
responsibility for and University,
confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
Dharwad. He has over 30 years
and is not of experience
misleading in respect,
in any material paperthatand board,
the opinions packing
and intentions paper
expressed hereinand
are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
offset printing industry. Currently, he is the managing director of Girish Paper
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Packaging Private Limited.from
He1 tohas been on the Board since February 24, 2007.
5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
Mr. R.S Hugar, from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
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degree /HG8BH9&
in econometrics
@8a8B>:
from Pune
ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
University. He was Chairman and Managing Director of Corporation
Nariman Point, Bank
Mumbai 400 021, India from April
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119
1997 to May 2000. He was decorated with many meritorious awards such as “Best
Email: vrl.ipo@edelcap.com
Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
Finance Man of the Year 1998-99” by National Foundation of Indian Engineers, New
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
Delhi under the aegis of Ministry of Heavy Industry for Ms.
outstanding
Navdeep Kaur performance in Contact Pers
4)!d)..0'&,"-+"#AA'
banking sector and charismatic leadership qualities and Lifetime Achievement Award
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
by National and International Compendium, New Delhi for exception caliber and
21
Kousali Institute Of Management Studies
CMYK
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This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
22
Kousali Institute Of Management Studies
CMYK
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
K. N. Umesh Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
L. R. Bhat V. V. G. S. Ayyer Anjan Rao
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Director CEO and/or sustainedCTO Karmadi
trading in the Equity Shares and VP the price at which the Equity
Warrants of the Company or regarding VP Shares andW
(Finance)
VP (Finance)
+'*'"#@& ").Z. (Aviation)
(Operations)
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
D. N. Sunil S. made
The Issuer having L. all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
Kulkarni Nalavadi Nagaraj
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
VP Chief ChiefProspectus as a whole or any of such information or the expression of any such opinions or intentions mislea
this Draft Red Herring
(Finance) Accounts Accounts ),-& +"#!)*+
Officer Officer
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
S. R. Hatti Y. M. Hannalli C. M. Baluthi Prabhu Salageri S. G. Patil
GM GM GM (MPC)
4--Z&"0**)*+&@'#!&A#*#+'" GM (Travels) "'+).%"#"&%-&%('&)..0'
GM (HRD)
(Administration (Infrastructure) ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
) 14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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23
Kousali Institute Of Management Studies
CMYK
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Transport and Logistics
This being theWind
first publicPower Generation
issue of Equity AirthereCharter
Shares and Warrants of our Company, Operations
has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
Passenger Travels Goods Transportation
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Vijayanand Travels of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Express Cargo Maruti Parcel General Parcel
Email: vrl.ipo@edelcap.com
Investor Grievance Email :
Shiva Road
Fax: (91 40
Carriers edelcapredressal@edelcap.com lines Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
24
Kousali Institute Of Management Studies
CMYK
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Total 535 4083 5519 1312 483 11932
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
25
Kousali Institute Of Management Studies
CMYK
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Account Department This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Personnel Department and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
Commission Department approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Booking Department Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
Transshipment Department
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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26
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
In case of accidents
fromor
1 to losses to Grade
5 with an “IPO the 5”vehicles of fundamentals
indicating strong VRL group of Grade
and an “IPO companies
1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
occurs, then compensation can be claimed by this department. @).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
To avoid illegal activities in the firm:
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
Illegal activities such as theft, robbery14thwithin the premise
Floor, Express Towers, are avoided. Thus “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
this department is created. Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Advice department in the firm Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
This legal department acts as an adviser for the different departments of the
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
firm concerning with the ethics, social obligations towards the public.
27
Kousali Institute Of Management Studies
CMYK
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").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Settle legal charges: value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
It is the responsibility of this department to pay all legal charges charged
+'*'"#@& by
").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
the court/government.
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
COMPLAINT DEPARTMENT and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Here is a department
from 1 to
to 5 handle
with an “IPOand settle
Grade 5” the
indicating customer
strong complaints.
fundamentals and This poor fundamentals. For detail
an “IPO Grade 1” indicating
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
department takes care of customers to keep up their interest in the company’s service.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
Problems of customers will be and
from BSE handled efficient
NSE for the listing andShares
of our Equity settled properly
and Warrants up dated
pursuant to letters to their
[!] and [!], respectively. For purposes o
is [!].
satisfaction. 4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Complaints settled by this department are: Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
o Delays: Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
Delay caused in delivering of materials to destination point. Delay due to
4)!d)..0'&,"-+"#AA'
delivers negligence, inconvenience etc.
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
28
Kousali Institute Of Management Studies
CMYK
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This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
etc. from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
o Settlement: The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
29
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Basis of preparations of financial statement:
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
The financial statements are prepared on the historical cost convention basis
+'*'"#@& ").Z.in
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
accordance with thelosing
generally accepted
their investment. Investors areaccounting
advised to read theprinciples andbefore
risk factors carefully accounting
taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
standards referred approved
to in bysection 211(3c)
the Securities and Exchange ofBoard
theof India
companies
(“SEBI”), nor act 1956
does SEBI except
guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
The company generally follows Mercantile System of accounting except on
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
30
Kousali Institute Of Management Studies
CMYK
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The company has not made any foreign currency transactions during the year.
%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
*0A4'"&-$&'L0)%M&.(#"'.&)..0'!&,0".0#*%&%-&%('&,"'T),-&,@#/'A'*%&S)@@&4'&"'!0/'!&$"-A&%
)..0'&.)\'&-$&I]3&-$&%('&,-.%T)..0'&,#)!T0,&'L0)%M&.(#"'&/#,)%#@&,")-"&%-&'Y'"/).'&-$&!'%#/(#4
,")/'&4#*!F&".N&O!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
Borrowing cost: %('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
%('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
It is directly attributable to the acquisition or construction of qualifying fixed
the change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
assets are capitalized as part of the cost of the assets, up to the date the assets
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
is put to use. Other borrowing costs are charged to the Profit and Loss
on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
Account in the yearThis
in being
which they
the first publicare
issueincurred.
of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Retirement benefits: and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
1. ContributionInvestments
to provident fund/employee
in equity and equity-related securities involve apension scheme
degree of risk and andnot invest any funds in this Issue
investors should
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
superannuation funds are accounted on accrual basis.
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
2. In the year 2001-2002 the company has withdrawn the Gratuity
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Scheme under thethe Issue,
Issuer and LICwhich
group Gratuity
is material in the contextscheme. The
of the Issue, that company
the information has
contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
determined this
thatDraftthe
Redgratuity liability
Herring Prospectus will
as a whole beofmet
or any out of the
such information or the funds
expressionof thesuch opinions or intentions mislea
of any
),-& +"#!)*+
company onThis
cashIssuebasis.
has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
Taxation: section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
1. Provision for current tax is made and retained in the accounts on the
is [!].
31
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
All the normal leave like Deepavali, Christmas etc are given and VRL
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
32
Kousali Institute Of Management Studies
CMYK
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").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
by great personality Miss Hazel.
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Commissions are given differently to different states
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
States 1-5000 5001-10000 10000 and above
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Karnataka 11% 8% 6%
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
Kerala 12%
The Issuer having made 9.5% 7.5%
all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
Others 11% 8.5% 6.5%
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
Conditions to be satisfied while taking up an agency @).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
Deposit:
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
A sum of amount should be kept as deposit forExpress
14th Floor, takingTowers,
a new agency. Usually
Nariman Point, Mumbai 400 021, India
“Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
the deposit amount will be like Rs.100,000
Tel: (91 for taking
22) 4086 agency
3535 Fax: (91 22)in2288
big2119
cities that Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
is where can done on large scale. edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
Sole Agency:
4)!d)..0'&,"-+"#AA'
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An agent of VRL must carry on the business activities concerned only with the
VRL. No other agencies should be taken up simultaneously.
33
Kousali Institute Of Management Studies
CMYK
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This department is concerned with booking of Travels and Cargo. Firstly to deal
%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
*0A4'"&-$&'L0)%M&.(#"'.&)..0'!&,0".0#*%&%-&%('&,"'T),-&,@#/'A'*%&S)@@&4'&"'!0/'!&$"-A&%
)..0'&.)\'&-$&I]3&-$&%('&,-.%T)..0'&,#)!T0,&'L0)%M&.(#"'&/#,)%#@&,")-"&%-&'Y'"/).'&-$&!'%#/(#4
with travels, it consists one-day trips, regular trips and even buses are given basis of
,")/'&4#*!F&".N&O!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
hire for special occasions like Marriages. Secondly cargo consists transportation %('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
goods in large quantity this department is headed by Mr. Hattikal.
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
the change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
TRAVELS: allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
There is no minimum period
This being prior
the first public to
issuebooking.
of Equity SharesBooking can
and Warrants of be done
our Company, thereany time
has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
before traveling. The company undertakes full care of passengers. When they issue to
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
take tickets, the price covers not only costs even insurance premium of+'*'"#@&
coaches and
").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
passenger. In event of accident and
losing their injury,
investment. loss
Investors are of lifeto read
advised andthe any other
risk factors damages,
carefully before takingsuch
an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
contingencies are covered by insurance.
approved The
by the Securities andticket
Exchangeissued is valid
Board of India till
(“SEBI”), nor90
doesdays from the
SEBI guarantee theaccuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
Their slabs is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
Above 48 hrs ':>9c>8==&
10% /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
24-48 hrs SEBI Reg.15% No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com
12-24 hrs Investor 20%
Grievance Email :
Fax: (91 40
edelcapredressal@edelcap.com Email: vrl.i
Below 12 hrs Website:50%
www.edelcap.com
Contact Person: Mr. Sumeet Lath /
Website: ww
Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
34
Kousali Institute Of Management Studies
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are much. So to avoid customer
This beingcomplaints ofof delay
the first public issue andandloss
Equity Shares ofofgoods
Warrants transshipment
our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
department is meant. Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Activities of transshipment department
Investments in equity andor process
equity-related of reaching
securities this
involve a degree department:
of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Goods received from different booking points will be unloaded. Classified and
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
put into the blocks according to destination
The Issuer point. inquiries,
having made all reasonable Set of goods
accepts fromforthe
responsibility and blocks will
confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
be loaded into the vehicles and
reaching respective
is not misleading destination
in any material respect, that thepoints.
opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
It is like a post office: 14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
In post office letters of different Email: vrl.ipo@edelcap.com
destinations are received and are classed Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
according to their destination. Similarly is theWebsite:
department of transshipment. Here the
www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
cargo is received and classed according to the destination and they are loaded.
4)!d)..0'&,"-+"#AA'
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35
Kousali Institute Of Management Studies
CMYK
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36
Kousali Institute Of Management Studies
CMYK
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Long operating history in the
This being the firsttransport andShares
public issue of Equity logistics business
and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
VRL have an operating track record of over 24 years in the transport and
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
logistics business. Investments
The chairman Mr. Vijay
in equity and equity-related securitiesSankeshwar, who
involve a degree of risk has should
and investors beennot invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
actively involved in the business and management of the Company, enjoys
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
over three decades of experience in the transport industry )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
Strategies of the company: and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Improving operating efficiency
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
VRL have developed a good
The Equity Shares andreputation for the
Warrants offered through efficiency
this Draft and quality
Red Herring Prospectus are proposedof
to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
transportation services
is [!].
that VRL offer. While VRL presently invest in several
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
in-house capabilities to increase efficiency, VRL @8a8B>:
':>9c>8==& /HG8BH9& also intend to further ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
improve the service standards, as VRLNariman
remain committed
Point, Mumbai 400to providing
021, India timely
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
and reliable transportation and logistics
Email:services. In order to increase the
vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
efficiency levels, VRL propose to addedelcapredressal@edelcap.com
more transshipment hubs that serve as Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
re-distribution points. Ms. Navdeep Kaur
Contact Pers
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
37
Kousali Institute Of Management Studies
CMYK
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").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
Expansion of consignment
This being thetransportation
first public issue of Equityinto
SharesEast andof North
and Warrants our Company, East
there hasstates
been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
in India Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
The passenger transport
Investmentsbusiness currentlysecurities
in equity and equity-related covers the
involve states
a degree of riskof
and Karnataka,
investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
Maharashtra and Tamil Nadu while the goods transport business covers 17
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
states and 7 Union Territories in India. However except Kolkata VRL
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
presently do not have anythe presence
Issuer and in thein the
Issue, which is material eastern
context ofand northeastern
the Issue, that the informationstates
containedof
in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
India. this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Maintain the commitment to time bound delivery.
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
VRL have developed a reputation for ensuring timely transport of the
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
passengers and have also maintained the commitment towards timely and safe
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
delivery of the consignment in relation':>9c>8==&
to the goods
/HG8BH9&business.
@8a8B>: As VRL seek to ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
expand the goods business, the reputation
SEBI Reg.of No.
ensuring timely deliver is very
: INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
essential and VRL intend to continue to focus
Email: on ensuring timeliness and
vrl.ipo@edelcap.com
Investor Grievance Email :
Fax: (91 40
edelcapredressal@edelcap.com Email: vrl.i
efficiency. For example VRL ensure Website:
that there are two drivers in a vehicle
www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
carrying express cargo or covering a distance of more than 1,000 kilometers. .
4)!d)..0'&,"-+"#AA'
The same is done to4)!d)..0'&
avoid excessive
- , ' * .& - *stress
& F& on one [!
single
] I22edriver and the
4)!d). . 0 ' & / @ - . ' .& - *
chances of accidents due to stress on drivers are greatly reduced. Also the
38
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
Companies operations arefrom
divided into the following three segments:
1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
(i) Transport and logistics Business; from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
(ii) Wind Power Generation Business; and ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
(iii) Air charter business. Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
39
Kousali Institute Of Management Studies
CMYK
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ii. The main strength of company is manpower
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
iii. The company
Book RunningisLead
financially
Manager, on thesound turnover
basis of assessment 65066.20
of market demand forlakhs
the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
iv. Its efforts to improve quality of operation.
+'*'"#@& ").Z.
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
B. WEAKNESS: 14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
Banjara Hill
i. Dependent on economicSEBIscenario.
Reg. No. : INM000010650
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
ii. Have to face the bureaucracy.
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com
iii. Labor-intensive industry.
Contact Person: Mr. Sumeet Lath /
Website: ww
Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
40
Kousali Institute Of Management Studies
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ii. Government
This being the firstregulations
public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
iii. Uncertain
Book Runningfuel prices.on the basis of assessment of market demand for the Equity Shares offered by way of book building
Lead Manager,
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
iv. New technology +'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
v. Increase competition in this segment / industry due to
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
liberalization there is increase the competitors in last 7 years
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
41
Kousali Institute Of Management Studies
CMYK
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@).%)*+& #""#*+'A'*%
• Navata transpors
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
• SMRT Ltdis [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
• Ambika transport ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
42
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
decision area within the logistics mix because transportation often represents the most
*0A4'"&-$&'L0)%M&.(#"'.&)..0'!&,0".0#*%&%-&%('&,"'T),-&,@#/'A'*%&S)@@&4'&"'!0/'!&$"-A&%
)..0'&.)\'&-$&I]3&-$&%('&,-.%T)..0'&,#)!T0,&'L0)%M&.(#"'&/#,)%#@&,")-"&%-&'Y'"/).'&-$&!'%#/(#4
important single element in logistics costs. The most important operational
,")/'&4#*!F&".N&O decisions
!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
%('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
related to transportation inIn case
a supply chain are the decisions concerning issues of
of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
routing and scheduling of the
deliveries.
notification Given
to National a set of
Stock Exchange customer
of India orders,
Limited (“NSE”) and thethe goal
Bombay Stockof a Limited (“BSE”), by issui
Exchange
change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
company is to route and schedule delivery
proportionate basis, subject tovehicles such
valid bids being that
received at orthe
abovecosts
the Issueincurred
Price. Out ofto
the portion available for allocati
allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
meet the delivery promiseson are as lowbasis
a proportionate astopossible. The
Retail Individual Vehicle
Bidders, subject to Routing Problem
valid Bids being isabove the Issue Price.
received at or
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
often described as the problem in which vehicles based on a central depot are required
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
to visit geographically dispersed customers
Book Running Lead inbasisorder
Manager, on the to offulfill
of assessment known
market demand for the customer
Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
demands. and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
MODELS FOR VEHICLE ROUTING
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
Neural Ant Particle Lagrangean Dynamic ),-& +"#!)*+
Network Colony Swarm Relaxation Programming
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring
Branch Prospectus.
& Bound
Tabu
@).%)*+& #""#*+'A'*%
Search Mathematical
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
Programming
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
Simulated
is [!].
Annealing
Preference Based
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
Genetic Approach
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
Algorithms 14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400Intuitive Based
021, India
SEBI Reg. No. : INM000010650 Approach Banjara Hill
Savings Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Procedure Email: vrl.ipo@edelcap.com Simulation Based Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.comApproach Email: vrl.i
Insertion Website: www.edelcap.com Website: ww
Improvement Cluster-FirstContact Person: Mr. Sumeet Lath
Route-First, /
Graphics
Procedure Contact Pers
(2-opt, 3-opt) Route-Second Cluster-Second Ms. Navdeep Capability
Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
43
Kousali Institute Of Management Studies
Requirements For Effective Scm
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
operator, are superior to those proposed by Blanton and Wainwright in all the
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
problems tested. The hybrid genetic algorithm is also extended to solve several
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
benchmark problems and the algorithms
and/or sustained tradinghave produced
in the Equity Shares andvery
Warrantscompetitive
of the Company or results when
regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
compared to the best solutions found
Investments in the
in equity literature.
and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
Introduction )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Most real world problems encountered in distribution have a time constraint
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
within which distribution of goods or services can be made. This is often
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
characterized by the working pattern
This Issue has beenof thebyorganizations/
graded companies,
[!] and has been assigned the “IPO Grade [which usually
!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
operate in a fixed time schedule.
section “GeneralIn addition,
Information” customers'
beginning preferences,
on page [!] of this such as in
Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
restaurants where deliveries
The are
Equityonly allowed
Shares and before
Warrants offered a this
through certain
Draft Redtime
Herring of the day,
Prospectus mayto be listed on the BSE and the N
are proposed
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
also restrict the scheduleis [!of
]. the vehicles involved. Normally, these issues are
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
simplified and formulated as Vehicle Routing Problem (VRP); the solution to this
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
relatively unconstrained problem may not beNariman
practical
Point,and is rarely
Mumbai 400 021,implemented
India in “Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
real life problems without major revisions being carried
Tel: (91 22) 4086out
3535(Bodin, 1990).
Fax: (91 22)
Email: vrl.ipo@edelcap.com
Although
2288 2119 Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
some solutions to VRP have been adaptededelcapredressal@edelcap.com
successfully to practical routing and Email: vrl.i
Website: www.edelcap.com Website: ww
scheduling problems with time restrictions, Contact
the need Person: Mr. Sumeet Lath /
toMs.address these constraints
Navdeep Kaur
Contact Pers
44
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
presence of time windows, the total cost of routing not only includes the total travel
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
distance and the service times, but also the total cost of waiting incurred when a
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
vehicle arrives too early at and/or
a customer location.
sustained trading InShares
in the Equity some instances,
and Warrants the objective
of the Company value
or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
also incorporates the totalInvestments
penalty accumulated
in equity and equity-related when the customers
securities involve are
a degree of risk and serviced
investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
outside their time windows.must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
The VRPTW arises in many practical decision making problems such as: retail
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
distribution, school bus routing, bank and postal deliveries, industrial refuse
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
collection, newspaper delivery, fuel
This Issue has oil delivery,
been graded dial-a-ride
by [!] and has been service,
assigned the “IPO Grade [!]” airline and
indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
railway fleet routing andsection
scheduling, etc. beginning
“General Information” An excellent review
on page [!] of this Draft Red is presented
Herring Prospectus. by
@).%)*+& #""#*+'A'*%
Desrochers (1988), Solomon and Shares
The Equity Desrosiers
and Warrants(1988) andthismost
offered through recently
Draft Red by Desrosiers
Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
(1995). is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
Two hybrid genetic algorithms developed
Narimanto solve
Point, VRPTW.
Mumbai 400 021, We
India will show
“Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
how these algorithms can be modified appropriately
Tel: (91 22) 4086to
3535accommodate
Email: vrl.ipo@edelcap.com
the added
Fax: (91 22) 2288 2119 Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
complexity and a comparison with two of the edelcapredressal@edelcap.com
heuristics developed in Solomon (1987) Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
is also made to give an indication of the quality of solutions thatKaur
Ms. Navdeep can be achieved Contact Pers
45
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
to the VRPTW, when theThisnumber of vehicles is fixed, is itself an -complete
being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
problem (by inference fromBook
theRunning
workLeadofManager,
Savelsbergh (1984) on the TSPTW).
on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
Although several exact algorithms have been proposed, it is very +'*'"#@&
unlikely").Z.
that
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
solutions to realistic size problems will be
losing their investment. found
Investors owing
are advised to readto
thetheir huge
risk factors computational
carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
requirements (Desrochers et al (1992)).
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Owing to the inherent complexity of VRPTW, the use of classical methods,
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
such as those described above, is only successful for certain types of problems and
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
performs poorly on others.
from Metaheuristics
1 to 5 with an “IPO Gradeoffer a great
5” indicating advantage
strong fundamentals overGradeclassical
and an “IPO 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
methods. They combine various features from different procedures@).%)*+&
in an#""#*+'A'*%
effective
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
way to explore the solutionfrom
space inNSE
BSE and order
for theto find
listing better
of our solutions
Equity Shares and
and Warrants these
pursuant techniques
to letters dated [!] and [!], respectively. For purposes o
is [!].
have been successfully applied to VRP and other combinatorial optimisation
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
problems. ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Metaheuristic techniques include Simulated Annealing, Tabu Search
Email: vrl.ipo@edelcap.com
Investor Grievance Email :
and Fax: (91 40
edelcapredressal@edelcap.com Email: vrl.i
Genetic Algorithm, amongst others. In particular, Genetic Algorithm (GA)
Website: www.edelcap.com is a Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
stochastic search technique that closely mimics the metaphor of natural biological
4)!d)..0'&,"-+"#AA'
evolution. GA explores the problem
4)!d)..0'& domain
-,' * .& - * & by F& maintaining a population 4)!d).
[! ] I22e of . 0 ' & / @ - . ' .& - *
individuals, which represents a set of potential solutions in the search space. The
survival of each individual into the next generation is determined by its fitness, a
46
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
@).%)*+& #""#*+'A'*%
initial solutions that will later be improved
The Equity by some
Shares and Warrants localthisoptimization
offered through techniques.
Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
Description of the Problem ':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
We first introduce some of the notation Tel:and(91abbreviations
22) 4086 3535 Fax: that
Email: vrl.ipo@edelcap.com
(91 22)are
2288used
2119 below. Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
Let and be the customers and vehicle indices where
edelcapredressal@edelcap.com and Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
K denote, respectively, the total number of customers and the total number
Ms. Navdeep Kaur of vehicles Contact Pers
4)!d)..0'&,"-+"#AA'
available.
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
47
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
Therefore, if a vehicle arrives before the beginning of the permitted service time, then
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
the vehicle has to wait for value
a period where , and is
of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
the time the service is completed at customer assuming that customer precedes
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
customer i. The variable is the time taken to travel from customer j to customer i
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
and is normally assumed to be equal to the Euclidean distance between the two
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
customers. The Euclidean The
distance
Issuer havingismade
assumed toinquiries,
all reasonable be symmetric, i.e.for and confirms .thatThe
accepts responsibility this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
beginning of service at thiscustomer i can therefore be explicitly expressed as
Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
.
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
In addition to the customer's time window, most formulations incorporate a
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
scheduling horizon, which4--Z&"0**)*+&@'#!&A#*#+'"
defines the working time of the respective vehicles by
"'+).%"#"&%-&%('&)..0'
imposing a time window at the depot, denoted':>9c>8==&
by and/HG8BH9&. @8a8B>:
14th Floor, Express Towers,
ZHC_`&/5a
“Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Since VRPTW involves a time constraint,Investor
the solution
Grievanceto this: problem consists of
Email
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com
a set of directed arcs that must be followed. However if the
Contact Person: Mr. time
Sumeetwindow
Lath / constraints Website: ww
Contact Pers
Ms. Navdeep Kaur
are very large, then part or all of the routes may be traversed in4)!d)..0'&,"-+"#AA'
either direction
without causing infeasibility. We would
4)!d)..0'& - , ' *like
.& - *to
& point
F& out that for computational
[! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
48
Kousali Institute Of Management Studies
CMYK
!"#$
;<2#&='$1*&>#(&?#''+-@&!',%5
@).%)*+& #""#*+'A'*%
Let the sequence of The
theEquity
current
Shares androute
Warrants be represented
offered as Herring Prospectus are proposed
through this Draft Red whereto be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
denote the depot. For each unrouted customer u, its best feasible insertion
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
place with respect to capacity and time window constraints,
':>9c>8==& in the emerging
/HG8BH9& @8a8B>: route, is ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
computed as SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
(1)
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
49
Kousali Institute Of Management Studies
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preferred for inclusion in the route when
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
(5)
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
Where u is unrouted and feasible and is such that
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
(6)
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
Where is a constant. ),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
In VRPTW, the insertion of new customers into a partial route always entails
@).%)*+& #""#*+'A'*%
checking the feasibility with respect
The Equity to Warrants
Shares and the timeoffered window constraints
through this Draft of succeeding
Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
customers. An explicit testing of time feasibility at each customer can be carried out
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
in O (N) time and this can consume a lot of computational
':>9c>8==& /HG8BH9&time for reasonably large
@8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
N. We implemented the procedure based onNariman a pushPoint,forward
Mumbai 400
SEBI Reg. No. : INM000010650
factor suggested by
021, India
Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Solomon (1987). Here, we assume that each vehicle
Email: starts at the earliest possible
vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
time. Note that the departure time from the depot canwww.edelcap.com
Website: be adjusted accordingly after the Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
completion of the schedule to eliminate unnecessary waiting time. Kaur
Ms. Navdeep Let the sequence
4)!d)..0'&,"-+"#AA'
on the partially constructed 4)!d)..0'&
feasible route be given as
- , ' * .& - * & F&
before,[!i.e.
] I22e
and
4)!d). . 0 ' & / @ - . ' .& - *
begins, given that customer u is on the route. Also, let be the waiting time at
50
Kousali Institute Of Management Studies
CMYK
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(7)
,04@)/& )..0'& -$& IJK2J22J222& 'L0)%M& .(#"'.& -$& ".N& 12& '#/(& $-"& /#.(&#%&#& ,")/'& -$& ".N& O!P& ,'"& 'L0
,"'A)0A&-$&".N&O!P&,'"&'L0)%M&.(#"'R&$-"&/#.(&#@-*+&S)%(&-*'&!'%#/(#4@'&S#""#*%&$-"&'?'"
%('&,04@)/&)..0'&Q-%('"&%(#*&-*&%('&,"'T),-&,@#/'A'*%R&#++"'+#%)*+&".N&O!P&@#/.&QU)..0'VRN&%(
/-*.%)%0%'&IKNWX&3&-$&%('&$0@@M&!)@0%'!&,-.%T)..0'&'L0)%M&.(#"'&/#,)%#@&-$&-0"&/-A,#*M&,")
Hence, S#""#*%.&#*!&%('&)..0'&.(#@@&/-*.%)%0%'&O!P3&-$&%('&$0@@M&!)@0%'!&,-.%&)..0'&'L0)%M&.(#"'&
'Y'"/).'&-$&!'%#/(#4@'&S#""#*%.J&#..0A)*+&$0@@&'Y'"/).'&-$&%('&!'%#/(#4@'&S#""#*%.N
%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
*0A4'"&-$&'L0)%M&.(#"'.&)..0'!&,0".0#*%&%-&%('&,"'T),-&,@#/'A'*%&S)@@&4'&"'!0/'!&$"-A&%
)..0'&.)\'&-$&I]3&-$&%('&,-.%T)..0'&,#)!T0,&'L0)%M&.(#"'&/#,)%#@&,")-"&%-&'Y'"/).'&-$&!'%#/(#4
(8)
,")/'&4#*!F&".N&O!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
%('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
It is interesting to note that if , some of the customers , may
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
the change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
become infeasible. Consequently, these customers should be examined sequentially
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
for time feasibility until we find some customer, say , , for which ,
on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
or is time infeasible. However, in the
value of the Equity Sharesworst case,
is Rs.10 per Equityall the
Share customers
and the , of the face value. The Issue Price (as determine
Issue Price is [!] times
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
are examined. This result can be stated formally as:
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
Lemma 1 must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The necessary and sufficient conditions
The Issuer having for inquiries,
made all reasonable time accepts
feasibility when
responsibility for and inserting a Draft Red Herring Prospectus
confirms that this
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
customer, say , between two adjacent customers and , , on a
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
partially constructed feasible
This route
Issue has been graded by [!] and has been assigned theare
“IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
(9)
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
And 4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,(10) “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
It should be noted that if non-Euclidean distance
Investor is Email
Grievance used,: it is possible
edelcapredressal@edelcap.com
that Email: vrl.i
Website: www.edelcap.com Website: ww
which results in all customers being
Contacttime feasible.
Person: Mr. SumeetAlso,
Lath / since Contact Pers
Ms. Navdeep Kaur
Lemma 1 ensures that the vehicle will arrive at the depot within the4)!d)..0'&,"-+"#AA'
scheduled time.
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
However if inserting this customer violates one or all of the constraints, a new route is
initiated using this customer. Since the number of vehicles is assumed to be unlimited,
all the solutions obtained are feasible.
51
Kousali Institute Of Management Studies
CMYK
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difference in the solutions can be quite significant. For GA-based algorithms, this
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
problem does not arise since the first customer on the chromosome is always chosen
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
to initialize the first vehicle. Subsequent
and/or sustained trading invehicles areand
the Equity Shares seeded using
Warrants of the orfirst
the Company unrouted
regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
customer on the chromosome. Since
Investments in equityGA works with
and equity-related securitiesainvolve
population ofandindividuals,
a degree of risk investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
many alternative seeds can
mustbe
rely exploited at theof same
on their own examination the Issuer time andincluding
and the Issue the theindividuals that
risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
produce a competitive set of routes are then allowed to progress to the next
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
generation. Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
A Time-Oriented ParallelThis
Savings Method
Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
In a time-oriented parallel
The Equitysavings method,
Shares and Warrants offered the routes
through this Draft for all the
Red Herring vehicles
Prospectus areto be listed on the BSE and the N
are proposed
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
constructed simultaneously.is [!This
]. algorithm uses the first K genes to initialize each of
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
the vehicles. With this approach, as in any other parallel route building procedure, the
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
number of vehicles has to be determined a priori.
Nariman Then, following
Point, Mumbai theIndia
400 021, sequence on “Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
the chromosome, the cost of adding the first Tel:
unrouted customer
(91 22) 4086 to 22)
3535 Fax: (91
Email: vrl.ipo@edelcap.com
the2288
last customer
2119 Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
on each vehicle is computed based on some selection criteria.
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
As pointed out by Solomon (1987), the savings heuristic alone may find it
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
profitable to join two customers that are very close to each other geographically but
far apart in terms of the earliest allowable service time. Such links will undoubtedly
introduce extended periods of waiting time, which often results in a high opportunity
52
Kousali Institute Of Management Studies
CMYK
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(12)
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
(13)
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
(14)
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
With Note that accounts for the temporal aspects of the
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
problem whilst measures the savings obtained when this customer is merged with
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
other customers on the route rather then serving them individually. Hence,),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
(15)
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
Where is the best vehicle to insert the current customer.
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
We should mention that, with time window constraints,
Nariman as400
Point, Mumbai well
021, as the capacity
India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
constraint, the feasibility of including the customer in each vehicle has to be validated
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
first before any other criteria can be considered. This can be accomplished by
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
computing the beginning of service at the customer if it Ms. is Navdeep
added Kauron that particular Contact Pers
route. If the time exceeds the latest allowable service time for that4)!d)..0'&,"-+"#AA'
customer or the
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
capacity of the vehicle is exceeded, then we associate an arbitrary large constant with
the route to forbid the route from being selected. In addition, the time feasibility of the
53
Kousali Institute Of Management Studies
CMYK
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4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
followed by the total scheduling cost, total distance travelled and total waiting time, in
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers,
order of decreasing priority. In algorithmsNariman
with Point,
soft Mumbai
constraints,
400 021, solutions
India with “Karvy Hou
SEBI Reg. No. : INM000010650 Banjara Hill
minimum tardiness are always favored rather Tel: than(91those
22) 4086with smaller
3535 Fax:
Email: vrl.ipo@edelcap.com
(91 22)total scheduling
2288 2119 Tel: (91 40)
Fax: (91 40
Investor Grievance Email :
cost, but with greater tardiness. It is often possible to reduce the total scheduling cost
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath /
by increasing the number of vehicles, but most schedulers preferKaur
Ms. Navdeep a schedule that Contact Pers
54
Kousali Institute Of Management Studies
CMYK
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In this study, several important factors, such as the total scheduling cost and the
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
waiting time, are modeledvalue
using a weighted-sum approach. Here, combining them
of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
linearly with weights givenand/or
to emphasize
sustained trading inthe relative
the Equity importance
Shares and Warrants of the of various
Company objective
or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
functions aggregates all the relevant
Investments objectives.
in equity and Let each
equity-related securities involve a objective
degree of risk andfunction benot invest any funds in this Issue
investors should
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
represented as , and must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
Different weights provide different set of solutions. Since we are only considering
@).%)*+& #""#*+'A'*%
hard time window constraints, criteria
The Equity that
Shares and mayoffered
Warrants be through
considered include
this Draft Red minimizing
Herring Prospectus theto be listed on the BSE and the N
are proposed
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
number of vehicles, total scheduling cost, total distance covered, vehicle utilization
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
and total waiting time. As a preliminary investigation, minimizing
':>9c>8==& /HG8BH9& @8a8B>: a combination of ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
the total scheduling cost and the total amountNariman
of timePoint,
spent waiting
Mumbai forIndia
400 021,
SEBI Reg. No. : INM000010650
the customers Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
to start the service is considered. AlthoughEmail:
minimizing the number of vehicles is
vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
equally important, we observed in the entire test www.edelcap.com
Website: problems we tested that if the Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
population contains solutions with fewer vehicles, the final Ms. best
Navdeepsolution
Kaur found after
4)!d)..0'&,"-+"#AA'
some termination criteria are attained always requires the same number of vehicles. It
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
may, however, be useful to incorporate this factor in other type of problems.
55
Kousali Institute Of Management Studies
CMYK
!"#$
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").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Where Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
Assuming that customer
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
precedes customer , and losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
For time-oriented parallel savings a slight modification has to be made to
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
accommodate the infeasibility
and is not in the infinal
misleading solution.
any material respect, thatIn orderandtointentions
the opinions avoid infeasible
expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
solutions being ranked higher than feasible solutions in the selection ),-&
process, the
+"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
number of unserviced customers is added
from 1 to 5 with to equation
an “IPO Grade (16).
5” indicating strong The infeasible
fundamentals solutions
and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Where is the number of unserviced customers due
Tel: (91 22) 4086to3535
capacity or2288
Fax: (91 22) time
2119 window Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
violations. The parameter is normally Investor
chosen to beGrievance Email : large value.
a sufficiently
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
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56
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
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14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
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CMYK
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%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
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'()"#*) ,")/'&4#*!F&".N&O!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
ON
%('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
In case of revision in+,()"-,%
the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
notification to National Stock
T Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
the change on SR of the Book Running Lead Managers and at the
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on a proportionate basisSUto
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RN
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D&$/) E//$%) =F.1232
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RL
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+(0*)"#0 Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
PU 3)%7()"0
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
LT A)"#&#
@@+19)5(0 must rely on their own examination of the Issuer
=(6&#")8)% and the Issue including the risks involved. The Equity Shares and Warrants offered
+&&#
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SS
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
M
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C$/)-,%1232 [U!L]”
indicating [!], through its letter dated [!]. The IP
Q
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
90:);)*)#)1232
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
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58
Kousali Institute Of Management Studies
CMYK
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Contact Person: Mr. R. P. Raichur, Company Secretary and Compliance Officer
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./6@678 losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
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must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
P T 405/678
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approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
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was changed to VRL Logistics Limited and a fresh certificate of incorporation, consequent on change of name, was granted to our Company on August 25, 200
?%&'0%6 "><8=B>C>:&-DD8E>F R.S No. 351/1, NH-4, Bangalore Road, Varur, Hubli 581 207, Karnataka India Tel: (91 836) 2237 6
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,*@%5.&')%0 NNO (For changes in our name and registered office see “Our History and Certain Corporate Matters” o
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notification to National Stock Exchange
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value of the Equity Shares is Rs.10 per PSEquity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
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be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
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was changed to VRL Logistics Limited and a fresh certificate of incorporation, consequent on change of name, was granted to our Company on August 25, 200
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must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
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this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
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Website:4:1135
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was changed to VRL Logistics Limited and a fresh certificate of incorporation, consequent on change of name, was granted to our Company on August 25, 200
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approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
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Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
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Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
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Investor Grievance Email :
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Contact Person: Mr. Sumeet Lath / Contact Pers
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Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
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RM
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15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
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Particulars Cost
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value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
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Labor (85.6 *0.70) 59.92
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
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Total Cost *8@7708 1038.205714 +'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
PL
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
Less: Freight charge (220Kg*2.5) "10B3
of the investors is invited 550
to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
P
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Net Profit (488.2057143)
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
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section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
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from BSE and NSE for the listing4:1135
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Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
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be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
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this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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82
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
DISTANCE=93.8 Km ").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Inference: and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
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83
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CMYK
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This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
Inference: value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Only once in a week the Yadgiri consignments will be there, where as Shahabad
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Consignments will be regular and also
Investments Hyderabab
in equity and equity-related. securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
There is a route exists between Shahabad-Sedam-Hyderbad, by using this route VRL
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
can serve the more customers and reduce the cost. )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
84
Kousali Institute Of Management Studies
CMYK
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").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
* Only once in a week the Yadgiri consignments will be there, where as
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Shahabad Consignments willon thebebasisregular
Book Running Lead Manager, and
of assessment wedemand
of market have new
for the Equity route
Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
existing to connect to Sedam and it will give touch to the regular route
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
of Hyderabad.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
* Employee transportation within the TPT is highly completed.
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
* No documentation of route maps. )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
85
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
Only once in a week the Yadgiri consignments will be there, where as
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Shahabad Consignments will onbetheregular
Book Running Lead Manager, and we
basis of assessment have
of market new
demand route
for the (i.e.,offered by way of book building
Equity Shares
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
Shahabad toand/or
Sedam =116 Km) existing to connect to Sedam and it will
sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
give touch toInvestments
the regular
in equity route of Hyderabad.
and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
86
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
%('&/-A,#*M&#@.-&,"-,-.'.&%-&A#Z'&#&,"'T),-&,@#/'A'*%&-$&0,&%-&O!P&'L0)%M&.(#"'.N&)$&.0/(&,"'
They can enter into joint venture in non-profit making markets so that
*0A4'"&-$&'L0)%M&.(#"'.&)..0'!&,0".0#*%&%-&%('&,"'T),-&,@#/'A'*%&S)@@&4'&"'!0/'!&$"-A&%
)..0'&.)\'&-$&I]3&-$&%('&,-.%T)..0'&,#)!T0,&'L0)%M&.(#"'&/#,)%#@&,")-"&%-&'Y'"/).'&-$&!'%#/(#4
they can reduce operating costs. ,")/'&4#*!F&".N&O!P&%-&".N&O!P&,'"&'L0)%M&.(#"'&-$&$#/'&?#@0'&".N&12
%('&$#/'&?#@0'&-$&%('&'L0)%M&.(#"'.&).&".N&12N&%('&$@--"&,")/'&).&O!P&%)A'.&-$&%('
%('&/#,&,")/'&).&O!P&%)A'.&-$&%('&$#/'&?#@0'
Like: In case of revision in the Price Band, the Bidding Period will be extended for three additional working days after revision
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if a
In Madhya Pradesh they may tie up with:
notification to National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issui
the change on the websites of the Book Running Lead Managers and at the terminals of the Syndicate.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to
o Krishna International Logistics
proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocati
allocation to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance
15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders and not less than 35% of
o Movar Logistic Pvt.Ltd
on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
o Pegasus Logistics Pvt.Ltd, Indore.
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
In Andhra Pradesh they
Book Running Lead may
Manager,tie upbasis
on the with:
of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
o South Cargo Packers and Movers
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
o Sun Investments
Rise Logistics
in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
In Tamil Nadu approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
o Expressit,Adyar,Chennai. )..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
o UNI Logistic Pvt.Ltd, Chennai
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
They can provide cycles or small autos to move within the TPT.
),-& +"#!)*+
87
Kousali Institute Of Management Studies
CMYK
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VRL having the adequate skilled
This being the first publiclabors, from
issue of Equity institutions
Shares situated
and Warrants of our near
Company, there has Hubli
been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
and Dharwad. Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
More manual work is seen in VRL, where as they can go for automation.
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
o 600 employees
losing for cross checking.
their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
88
Kousali Institute Of Management Studies
CMYK
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;<2#&='$1*&>#(&?#''+-@&!',%5
").Z&)*&"'@#%)-*&%-&%('&$)".%&)..0'
This being the first public issue of Equity Shares and Warrants of our Company, there has been no formal market for the Equity Sha
value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [!] times of the face value. The Issue Price (as determine
Book Running Lead Manager, on the basis of assessment of market demand for the Equity Shares offered by way of book building
be taken to be indicative of the market price of the Equity Shares and Warrants after the Equity Shares and Warrants are listed. No
and/or sustained trading in the Equity Shares and Warrants of the Company or regarding the price at which the Equity Shares andW
+'*'"#@& ").Z.
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. F
must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares and Warrants offered
approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draf
of the investors is invited to the section titled “Risk Factors” beginning on page [!] of this Draft Red Herring Prospectus
)..0'"^..-@0%'&"'.,-*.)4)@)%M
The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus
Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Draft Red Herring Prospect
and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are n
this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions mislea
),-& +"#!)*+
This Issue has been graded by [!] and has been assigned the “IPO Grade [!]” indicating [!], through its letter dated [!]. The IP
from 1 to 5 with an “IPO Grade 5” indicating strong fundamentals and an “IPO Grade 1” indicating poor fundamentals. For detail
section “General Information” beginning on page [!] of this Draft Red Herring Prospectus.
@).%)*+& #""#*+'A'*%
The Equity Shares and Warrants offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the N
from BSE and NSE for the listing of our Equity Shares and Warrants pursuant to letters dated [!] and [!], respectively. For purposes o
is [!].
4--Z&"0**)*+&@'#!&A#*#+'" "'+).%"#"&%-&%('&)..0'
':>9c>8==& /HG8BH9& @8a8B>: ZHC_`&/5a
14th Floor, Express Towers, “Karvy Hou
Nariman Point, Mumbai 400 021, India
SEBI Reg. No. : INM000010650 Banjara Hill
Tel: (91 22) 4086 3535 Fax: (91 22) 2288 2119 Tel: (91 40)
Email: vrl.ipo@edelcap.com Fax: (91 40
Investor Grievance Email :
edelcapredressal@edelcap.com Email: vrl.i
Website: www.edelcap.com Website: ww
Contact Person: Mr. Sumeet Lath / Contact Pers
Ms. Navdeep Kaur
4)!d)..0'&,"-+"#AA'
4)!d)..0'& - , ' * .& - * & F& [! ] I22e 4)!d). . 0 ' & / @ - . ' .& - *
89
Kousali Institute Of Management Studies