Cargosol Logistics Ltd. has announced public offering of 2700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 18.00 per share. The gross proceeds of the issue are expected to be Rs 756.00 lakhs.

The company's initial public offer (IPO) will open on 28 September 2022 and is expected to close on 30 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 2700000 Equity Shares of the Company at an price of Rs 28.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Cargosol Logistics Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Link Intime India Private Limited is the registrar, to the issue.