Navkar Corporation gets SEBI approval for IPO: Reports

The funds would be used for capacity enhancement of the Somathane container freight station (CFS), development of the non-notified areas of CFSs and establishment of a logistics park at Valsad in Gujarat.

May 26, 2015 06:05 IST India Infoline News Service

Navkar Corporation has received SEBI approval for IPO, according to report.
Report said that the company is planning to raise up to Rs 600 crore via IPO.
The company would mobilise up to Rs 510 crore by issuing fresh equity shares, says report.
Repor also says that Axis Bank, Edelweiss and SBI Capital Markets are the managers to the issue.

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