Navkar Corporation is all set to raise Rs 600 crore through an initial public offer (IPO). The price band for equity share has been set at Rs 147-155. The issue will open on August 24, 2015 and will close on August 26, 2015.
The proceeds will be used for capacity enhancement of the Somathane CFS; development of the non-notified areas of its CFSs; and establishment of a logistics park at Valsad (near Vapi).
The equity shares will be listed on the NSE and the BSE. The book running lead managers to the issue are Axis Capital, Edelweiss Financial Services and SBI Capital Markets and the compliance Officer for the issue is Ekta Chuglani.
Navkar Corporation Limited is CFS operator in India with three CFSs, Ajivali CFS I, Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra. Container freight stations (CFSs) and inland container depots (ICDs) are common user facilities with public authority status equipped with fixed installations.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
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