Allcargo planning public issue, files DRHP with SEBI

Mumbai, Mar 30 (UNI) Allcargo Global Logistics has proposed to enter the capital market with a public issue of 2,079,000 equity shares of Rs 10 each through the cent per cent book-building process.

The company has filed its draft red herring prospectus (DRHP) with SEBI for the purpose, a release issued here today said.

Allcargo, a leading player in the logistics service space, intends to deploy the net proceds of the issue for financing the setting up of container freight station (CFS) and ICD, prepayment of loan availed from Yes Bank Limited, as well as for general corporate expenses, including acquisitions.

Enam Financial Consultants is the book-running lead manager and Inga Advisors Pvt Ltd is the co-book-running lead manager.

Intime Spectrum Registry Ltd is the registrar to the issue.

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