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Comfort Commotrade to launch IPO on September 5, 2012

27 Aug 2012 Evaluate

Comfort Commotrade (CCL) is planning to enter the capital market with an initial public offering (IPO) of 6,000,000 equity shares at a fixed price of Rs 10 each. The issue opens for subscription on September 05, 2012 and closes on September 10, 2012.

The minimum bids can be made for 10,000 equity shares and in multiples of 10,000 shares thereafter. The issue proceed will be used for expanding business operations, enhancement of margin money maintained with the exchanges and general corporate purpose.

VC Corporate Advisors is the book running lead manager to the issue. The company is planning to raise Rs 6 crore through this issue.  The equity shares of the issue are proposed to be listed on the SME Platform of BSE.

Comfort Commotrade (CCL) is currently engaged in the business of commodity broking. They offer trading in many commodities such as bullion (gold, silver), energy (crude oil, natural gas), metals, food grains (rice, maize), spices, oil and oil seeds and others. They are the member of MCX and NCDEX.

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