As we updated in a previous article “Aqua Logistics to raise Rs 150cr; IPO to open on Jan 25” regarding Aqua logistics IPO coming to the market, the initial public offering (IPO) of Rs 150 crore of Mumbai based Aqua Logistics has opened for subscription today.
The price band is fixed at Rs 220-230 per share. A discount of Rs 5 to the issue price has been allowed to retail investors. The issue will close on January 28, 2010.
Aqua Logistic is engaged in the business of freight forwarding services with agents to provide end-to-end solution to its clients.
The company intends to use the issue proceeds for purchasing of specialized equipments; expansion & establishment of offices; funding proposed acquisition and additional working capital requirements.
The book running lead managers to the issue are Centrum Capital Ltd and Saffron Capital Advisors Pvt Ltd. Link Intime India Pvt Ltd is the registrar.
