Mumbai based Aqua Logistics has opened its initial public offering of Rs 150 crore today. Aqua is a supply-chain firm with a focus on industries such as pharmaceuticals, automotives, power, retail, heavy engineering, telecom and sports and events.

The price band for the offering has been fixed at Rs 220-230 per share. Retail investors can avail a discount of Rs 5 on the issue price. The issue will close on January 28, 2010.

The capital raised from the issue is to be used for acquisitions along with purchasing specialized equipment, expansion & establishment of new offices.

The shares will be listed on both the Bombay Stock Exchange and the National Stock Exchange. The book running lead managers for the IPO are Saffron Capital Advisors and Centrum Capital Ltd.

In the last fiscal year, Net profit after tax and Total income for the company stood at Rs 9.83 crore and Rs 214 crore, respectively.