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Neptune Logitek to raise Rs. 46.62 crore through IPO for fleet expansion

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Neptune Logitek’s Rs. 46.62 crore IPO to open on December 15

Gandhidham (Gujarat) [India], December 8: Neptune Logitek Limited, an integrated logistics solutions provider, will launch its Initial Public Offering (IPO) to raise Rs. 46.62 crore on December 15. The IPO will close on December 17. Proceeds from the IPO will be used primarily for fleet expansion, repayment of Debt and related operational needs.

The company is offering 37,00,000 equity shares with a face value of Rs. 10 each at an issue price of Rs. 126 per share. Investors…

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