VRL Logistics - IPO Review

VRL Logistics (VRL) is one of the leading pan-India surface logistics and parcel delivery service providers. The company was founded in 1976. VRL is currently the largest fleet owner of commercial vehicles in India with a fleet size of 3546 owned vehicles. The company operates through 624 branches of which 48 serve as strategic transhipment hubs and 346 franchises. VRL also provides luxury bus services across Karnataka, Maharashtra, Goa, Andhra Pradesh, Telengana, Tamil Nadu, Gujarat as well as Rajasthan. As part of the expansion plan, it is planning to increase its fleet size and reduce debt, which is the objective of this IPO.

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