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Prime Customer Services coming with an IPO to raise Rs 7.28 crore

  • Mar-17-2017
  • 24 Hrs IST

Prime Customer Services is coming out with an initial public offering (IPO) of 12,14,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 60 per equity share. The issue will open on March 20, 2017 and will close on March 23, 2017. The shares will be listed on SME platform of BSE.

The company will use the issue proceeds for long term working capital requirement, general corporate purposes and issue related expenses.

The book running lead manager to the issue is Aryaman Financial Services, while the compliance officer for the issue is Kruti Sheth.

The company is engaged in the business of providing services; namely, warehousing solutions, cold storage and ripening solutions, manpower solutions and packaging solutions. It is also engaged in trading of perishable food items, mainly fruits and vegetables in the domestic as well as export markets. The company’s customers are primarily located in the western India, majorly Gujarat and Maharashtra.