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The company's board authorized and declared the opening of the issue on Monday, 24 June 2024.
The floor price of Rs 106.07 is at a discount of 6.16% to the previous day's closing price of Rs 113.03 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
Gati is primarily engaged in the business of E-commerce logistics, and running of fuel stations.
The company reported a consolidated net loss of Rs 3.66 crore in Q4 FY24, as compared with net loss of Rs 16 crore recorded in Q4 FY23. Revenue from operations decreased 2.4% YoY to Rs 405.80 crore in Q4 FY24.
Shares of Allcargo Gati shed 0.22% to Rs 112.78 on the BSE.
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