IPO Launch Details
The freight forwarding company, Global Ocean Logistics India, is preparing to launch its initial public offering. This IPO is designed to garner funds
through the issuance of fresh shares. The company has decided on a price range between Rs 74 and Rs 78 per share for this offering. The primary goal is to secure Rs 30.41 crore through this initiative. This financial injection is intended to fortify the company's financial position and support its strategic objectives.
Fund Allocation Strategy
The capital raised from this IPO will be directed towards specific areas within Global Ocean Logistics. A significant portion of the funds is slated for bolstering the company's working capital. This is intended to ensure efficient operational capabilities and flexibility. Furthermore, a part of the proceeds will be earmarked for general corporate requirements. This allocation provides the company with resources to address diverse needs and support sustainable growth and expansion.
