Swastika Investmart has come out with a research report on Aqua Logistics IPO (initial public offering). The research firm said long-term investors might consider investing in IPO.
The IPO of Rs 150 crore of Mumbai based Aqua Logistics has opened for subscription and the price band is fixed at Rs 220-230 per share. It is engaged in the business of freight forwarding services with agents to provide end-to-end solution to its clients.
Read other Posts related to Aqua Log IPO on EquiTipz:
- Aqua Logistics to raise Rs 150cr; IPO to open on Jan 25
- Aqua Logistics IPO opens for Subscription
- Should I buy Aqua Logistics IPO? : Angel Broking Report
Swastika Investmart report on Aqua Logistics IPO:
Aqua Logistics is operating as a Third Party Logistics (3-P Logistics) provider. Very few companies in the country are working on this model of Logistics business. However, in future bigger companies are expected to rely on 3-P Logistics rather than incur their costs for building their own logistics network. This may help company to command good business in long run. However, considering weak market sentiments for Logistics company as of now, long-term investors may consider investing in IPO after making a Peer-Group comparison for the Industry.
Disclaimer: The views and investment tips expressed by Swastika Investmart on Equitipz.com are their own, and not that of the website or its management. Equitipz advises users to check with certified experts before taking any investment decisions.
To read the full report click on the attachment: Aqua Logistics Report – Swastika.pdf
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