Shree Shubham Logistics plans Rs. 210 crore IPO

25 Feb 2015

Kalpataru Power Transmission’s subsidiary Shree Shubham Logistics today filed the IPO documents with market regulator SEBI for a public issue to raise Rs. 210 crore, reported PTI.

“The proposed initial public offering of fresh equity shares aggregating up to Rs. 210 crore. The offer will also include an offer for sale of up to 7,007,876 equity shares by Tano India Private Equity Fund II,” the company said in a statement.

The company has reserved 1,00,000 equity shares for its employees and each of the share has a face value of Rs 10.

Shree Shubham Logistics is promoted by Kalpataru Power Transmission, Aditya Bafna and Shubhendra Kumar Bafna.

Inga Capital, Citigroup and IDFC Securities are the book running lead managers to the issue.

Source: Dion Global Type: IPO Related

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