JM Baxi

JM Baxi plans to file for Rs 2,500 crore IPO, soon

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JM Baxi plans to file for Rs 2,500 crore IPO, soon

Mumbai: Integrated logistics firm JM Baxi plans to file initial document for its planned ₹2,500-crore IPO this month, said its managing director Dhruv Kotak. The company is part of the 106-year-old JM Group which operates container terminals, container freight stations and inland container depots. It also offers shipping agency services. “Somewhere around the end of … Read more

JM Baxi plans up to Rs 2,500 crore IPO

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Mumbai: Mumbai-based logistics firm JM Baxi Group plans to raise ₹2,000-2,500 crore through an initial public offering, people aware of the development said. JM Baxi, backed by global private equity fund Bain Capital, may be valued at ₹8,500-9,000 crore in this public offering, they said. Bain will make a partial exit, while the proceeds to … Read more