Infonative Solutions Ltd - IPO

Infonative Solutions Ltd IPO Details

Initial public issue of up to 31,28,000 equity shares of face value of Re. 1/- each of Infonative Solutions Limited (infonative or the company or the issuer) for cash at a price of Rs. 79/- per equity share including a share premium of Rs. 78/- per equity share (the issue price) aggregatingto Rs. 24.71 crores (the offer), comprising a fresh issue of up to 31,28,000 equity shares aggregating up to Rs. 24.71 crores by the company (fresh issue) and out of which, 1,56,800 equity shares aggregating to Rs. 1.24 crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The offer less the market maker reservation portion i.e., net offer of up to 29,71,200 equity shares of face value of Re. 1/- each at a price of Rs. 79/- per equity share including a share premium of Rs. 78/- per equity share aggregating to Rs. 23.47 crores is herein after referred to as the net offer. the offer and the net offer will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company.Price Band is. Rs. 79 per equity share of face value of Re. 1 each.The the cap price is 79 times of the face value.Bids can be made for the minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

To meet the expenses for development of new products courses and new features in LMS and purchase of laptops. To meet the working capital requirements. General corporate purposes and unidentified acquisitions.

Infonative Solutions Ltd Contact Details

Infonative Solutions Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@infonative.net

Website - https:, www.infonative.net