Incorporated in 1997, Continental Warehousing Corporation (Nhava Seva) Ltd operates as a multi-modal logistics company in India owning and operating cargo handling and storage facilities and providing express logistics and third-party logistics services.
The company operates container freight stations and inland container depots; and container yard and storage areas for handling and delivery of cargo. They also offers bonded warehousing services; segregation, depacking, re-packing, and labeling services; empty container storage services to shipping lines, including repairs of containers; and less than container load’ consolidation and full container load forwarding services. It also provides logistics services, including air door-to-door cargo, surface parcel delivery, warehouse management, inter-city/last mile delivery, technical logistics, and bulk material management to MNCs and other major corporate clients, as well as GSA and ground handling agency services for an airline.
The promoters of the company are:
1. N. Adikesavulu Reddy;
2. N. Amrutesh Reddy; and
3. N.D.R. Warehousing Private Ltd
The Net Proceeds from the Fresh Issue will be utilised towards the following objects:
1. Purchase of cranes and ancillary equipments;
2. Construction of warehouses at their PFT facilities located at Ahmedabad and Panipat;
3. Part repayment/pre-payment of certain loans availed by the Company and their wholly owned Subsidiary, Delex; and
4. General Corporate purpose.
»» Issue Open:
»» Issue Type: Book Built Issue IPO
»» Issue Size:
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 418.80 Cr
› Offer for Sale of 798,603 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs - Rs Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE, NSE
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