New Delhi, July 29 -- Infraprime Logistics Technologies said, on Tuesday, that it has received nod from Bombay Stock Exchange (BSE) to raise funds via SME initial public offering (IPO).

The company has plan to issue fresh issue up to 39,66,400 equity shares, each with a face value of Rs.10, in the forthcoming IPO.

The company is launching an IPO to raise funds for several purposes, including covering the security deposit for leasing trucks and related equipment, developing its technology infrastructure to enhance and grow current business operations, fulfilling working capital needs, and addressing general corporate expenses associated with the public offering.

Beeline Capital Advisors Private Limited has been appointed as the Book Run...