ColdEX Ltd, integrated food supply chain and distribution company, has filed draft papers with capital markets watchdog Sebi to float an initial public offering.
The IPO comprises fresh issue of up to 10,10,000 equity shares and an offer for sale of up to 16,56,408 equity stocks by SABR India Investment Pvt Ltd, according to the draft papers filed with Securities and Exchange Board of India (Sebi).
Proceeds raised through the issue will be used for investment in IT Infrastructure; fund the working capital requirements of its subsidiary Coldex Logistics; acquisitions and other strategic initiatives and general corporate purposes.
Pantomath Capital Advisors is the book running lead manager to the issue. The equity shares will be listed on the BSE and NSE.
ColdEx Ltd caters to a wide range of industry sectors and business segments, including food service market, FMCG, confectionary, dairy and retail.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app