By Vivek K. Mobile: 09920183006 Email:email@example.com
ColdEX Limited (CEL), India’s largest organized integrated food supply chain and distribution company [Source: CARE Report.], filed its DRHP with SEBI.
CEL’s integrated offerings, surface logistics and warehousing infrastructure, pan-India distribution network, and modern technology systems support their competitive market position. The company caters to a wide range of industry sectors and business segments ncluding food service market, FMCG, confectionary, dairy, retail, etc.
The IPO Initial Public Offering (IPO) comprises of 2,666,408 equity shares of face value of Rs. 10 each (“Equity Shares”) of ColdEX Limited (our “Company” or the “Issuer”). The offer comprises of a fresh issue of upto 1,010,000 equity shares (the “Fresh Issue”) and an offer for sale of upto 1,656,408 equity shares by SABR India Investment Pvt Ltd. (“Selling Shareholder”). The offer comprises a reservation of for subscription by eligible employees (the “Employee Reservation Portion”).
The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (i) Investment in IT Infrastructure (Rs. 79.98 million); (ii) Funding the working capital requirements of their subsidiary Coldex Logistics Private Limited (Rs. 200 Million); (iii) Acquisitions and other strategic initiatives (Rs. 150 Million); and (iv) General corporate purposes
Pantomath Capital Advisors Private Limited is the Book Running Lead Managers to the issue.
The equity shares will be listed on BSE and NSE.