Shree Shubham Logistics Limited files Draft Red Herring Prospectus with SEBI

Shree Shubham Logistics Limited (SSL), a subsidiary of Kalpataru Power Transmission Ltd., has filed a draft red herring prospectus dated February 19, 2015 ("DRHP") with SEBI on February 20, 2015 in connection with its proposed initial public offering of equity shares of Rs.10 each ("Equity Shares") comprising a fresh issue of Equity Shares, aggregating upto Rs. 2,100 million (the "Fresh Issue"), and an offer for sale of upto 7,007,876 Equity Shares by Tano India Private Equity Fund II (the "Offer for Sale" and together with the Fresh Issue, the "Offer").

The Offer includes a reservation of 100,000 Equity Shares for eligible employees, as defined in the DRHP. The Offer is subject to receipt of requisite regulatory approvals, market conditions and other considerations.

Shares of KALPATARU POWER TRANSMISSION LTD. was last trading in BSE at Rs.240.6 as compared to the previous close of Rs. 237.6. The total number of shares traded during the day was 251636 in over 10616 trades.

The stock hit an intraday high of Rs. 254.6 and intraday low of 237.1. The net turnover during the day was Rs. 61826577.

Source : Equity Bulls

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