Monday, January 18, 2010

Aqua Logistics IPO - Analysis, Recommendation and Review

Aqua Logistics, a Mumbai based company has come out with an initial publice offering (IPO) of Rs 150 crore. The issue will open for subscription on January 25, 2010 and will close on January 28, 2010. The price band is fixed at Rs 220-230 per share.

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.

Watch out for more details on Subscription, Allotment and Listing!

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