CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with the market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and an offer for sale of up to 54.31 lakh shares by existing shareholders.

The offer for sale includes 3.69 lakh shares by Krishan Kumar Agarwal, 2.03 lakh shares by Roshan Lal Agarwal, 2.31 lakh shares by Narender Kumar Agarwal (promoters); 5.78 lakh shares by Vineet Agarwal, 5.29 lakh shares by Sushma Agarwal, 4.47 lakh shares by Puneet Agarwal, 4.46 lakh shares by Samiha Agarwal, up to 4.25 lakh shares by Nitesh Agarwal, 3.36 lakh shares by Darshan Kumar & Sons (HUF); and 2.89 lakh shares by Tek Chand Agarwal (HUF) (other selling shareholder).

Use of funds

The company proposes to use the net proceeds from the fresh issue towards repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company; funding capital expenditure requirements of the company towards the purchase of EVs; and for general corporate purposes.

CJ Darcl Logistics Limited has over 36 years of operational experience and provides differentiated logistics solutions with its pan-India presence. In 2017, CJ Logistics, a diversified logistics company headquartered in South Korea, acquired a 50 percent stake in Darcl Logistics Limited. In September 2017, the company was rechristened CJ Darcl Logistics Ltd.

ICICI Securities Limited, Axis Capital Limited & Mirae Asset Capital Markets (India) Private Limited are the Book Running Lead Managers to the issue.



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