Aqua Logistics IPO to open on Jan 25, price-band at Rs 220-230
Aqua Logistics is planning to launch its IPO aimed at garnering up to Rs 150 crore on January 25 and has fixed its price band at between Rs 220-230 per equity share.
By PTI |
MUMBAI: Aqua Logistics plans to launch its IPO aimed at garnering up to Rs 150 crore on January 25 and has fixed its price band at between Rs 220-230 per equity share.
Aqua Logistics is a logistics and supply-chain company with domain expertise in pharma, automotives, power, retail, heavy engineering, telecom and sports and events.
"The proceeds of the issue will be used to purchase specialised equipment, expansion and establishment of offices as well as for proposed acquisitions," vice-chairman, M S Sayad, told reporters here today.
The company clocked an income of Rs 214-crore and a PAT of Rs 9.83 crore in FY 09.
The company has initiated talks to acquire a Hong Kong-based company which will help it deal with Chinese parties.
"We are in talks with a Hong Kong-based company. There is a lot of procurement of equipment for the retail and power segments from China and our footprints there will help us," Sayad said.
The deal size would be around Rs 35 crore, he said. The company also intends to purchase specialised equipment which is needed to execute heavy- and over-dimension project cargo as well as to be eligible to bid for large projects in verticals such as power and heavy engineering, he said.
Aqua Logistics is a logistics and supply-chain company with domain expertise in pharma, automotives, power, retail, heavy engineering, telecom and sports and events.
"The proceeds of the issue will be used to purchase specialised equipment, expansion and establishment of offices as well as for proposed acquisitions," vice-chairman, M S Sayad, told reporters here today.
The company clocked an income of Rs 214-crore and a PAT of Rs 9.83 crore in FY 09.
The company has initiated talks to acquire a Hong Kong-based company which will help it deal with Chinese parties.
"We are in talks with a Hong Kong-based company. There is a lot of procurement of equipment for the retail and power segments from China and our footprints there will help us," Sayad said.
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The deal size would be around Rs 35 crore, he said. The company also intends to purchase specialised equipment which is needed to execute heavy- and over-dimension project cargo as well as to be eligible to bid for large projects in verticals such as power and heavy engineering, he said.
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