Cargosol Logistics Ltd - IPO

Cargosol Logistics Ltd IPO Details

Initial public offer of upto 27,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Cargosol Logistics Limited (The Company or The Issuer) at an issue price of Rs. 28 per equity share for cash, aggregating up to Rs. 7.56 crores (Public Issue) out of which 1,40,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 28 per equity share for cash, aggregating Rs. 0.39 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 25,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 28 per equity share for cash, aggregating upto Rs. 7.17 crores is here in after referred to as the Net Issue. The public issue and net issue will constitute 26.47% and 25.10% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares of Rs. 10 each and the issue price is Rs. 28 per equity shares, the issue price is 2.8 times the face value.Minimum application size of 4000 equity shares and in multiples of 4000 equity shares thereafter.

Objective of issue

Purchase of vehicle for commercial purpose. Purchase of containers for expansion of the NVOCC division. To meet working capital requirements. General corporate purposes.

Cargosol Logistics Ltd Contact Details

Cargosol Logistics Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@cargosol.com

Website - www.cargosol.com