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MUMBAI, June 1 Asia Pulse - Allcargo Global Logistics's public issue is likely to catch investor attention, with the company's 49.99 per cent stake in a Belgium-based ECU Hold NV, a leading global non-vessel owning common carrier.
Allcargo, a Mumbai-based logistics service provider, is planning to raise Rs 1.3 billion $US28.1 million) to Rs1.5 billion from the capital market through its initial public offer of 2.79 million equity shares, scheduled to open on Thursday.
The company has set the price band at Rs 625-725 per share and the 100 per cent book-building issue will close on June 6.
According to the red herring prospectus filed with the Securities and Exchange Board of India earlier this month, Allcargo holds a 49.99 per ...
Source: HighBeam Research, ALLCARGO IPO OPENS JUNE 1 IN INDIA.