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Maheshwari Logistics coming with an IPO to raise around Rs 27.17 crore

Maheshwari Logistics is coming out with an initial public offering (IPO) of 39,96,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 68 per equity share. The issue opens on December 27, 2016 and will close on December 06, 2017. The shares will be listed on NSE Emerge Platform.

The company will use the issue proceed for working capital requirement and general corporate purpose. The book running lead manager to the issue is Pantomath Capital Advisors, while the compliance officer for the issue is Shweta Jhawar.

The company is engaged in providing logistics services, supplying of non-coking coal, manufacturing of kraft paper and trading in a variety of papers. It offers a diversified business model, covering three different sectors ranging from logistics services to fuel to paper.


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