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The ₹27.17-crore public issue of Vapi-based Maheshwari Logistics will open on the Emerge platform of the NSE. This platform is meant for small and medium firms. The share sale consists of a fresh issue of 39.96 lakh equity shares of face value ₹10 each at ₹68 a share. The issue constitutes 27 per cent of the post-issue paid-up share capital of the company. Pantomath Capital Advisors is the lead manager to the issue. The proceeds raised through the issue are largely to be utilised towards fulfilling working capital requirements and general corporate purposes. The issue will remain open for subscription from December 30 to January 6.
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