Allcargo Logistics files application with SEBI for IPO

Mumbai, Mar 27 (UNI) Allcargo Global Logistics has proposed to enter the capital market with a public issue of 20,79,000 equity shares of Rs 10 each through cent per cent book building process.

The company, involved in multimodal transport operations, owning and operating container freight stations and handling project cargo, has filed draft Red Herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in this regard, a release issued here today said.

ENAM Financial Consultants is the book running lead manager for the issue and Inga Advisors Private Ltd is the co-book running lead manager. Intime Spectrum Registry Ltd is the registrar to the issue.

The company intends to deploy the net proceeds of the issue for financing the setting up of CFS and ICD, prepayment of loan availed from Yes Bank and general corporate expenses including acquisitions.

The total investment is estimated at Rs 95 crore.

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