CJ Darcl Logistics preps for IPO to raise ₹340 crore: Investing.com report.

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CJ Darcl Logistics Ltd is making preparations for its upcoming Initial Public Offering (IPO), as revealed in the documents filed with the Securities and Exchange Board of India (SEBI). As part of the IPO, the company plans to raise ₹340 crore through new equity shares and an Offer for Sale (OFS) of promoter shares. Additionally, there are plans for a pre-IPO funding round to raise around ₹68 crore, which will be utilized for capital expenses, including the purchase of electric vehicles.

Leading financial institutions such as ICICI Securities, Axis Capital, and Mirae Asset Capital Markets are managing and overseeing the logistics firm’s IPO process, ensuring compliance with all regulatory requirements. With a strong customer base that includes prominent companies such as TATA Steel, Reliance Industries, and ArcelorMittal Nippon Steel India, industry experts believe that CJ Darcl Logistics’ IPO has considerable potential for success.

The decision to go public aligns with the current trend among logistics companies, who are seeking public funding to expand their operations and invest in innovative technologies. However, the response from investors remains uncertain, considering market conditions and the financial performance of CJ Darcl Logistics. It will be interesting to see how the market reacts to the offering and whether the company can leverage its impressive customer portfolio for a successful IPO.

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