Commex Technology Ltd - IPO

Commex Technology Ltd IPO Details

Follow - on public issue of [*] equity shares of Rs.2/- each for cash at a price of Rs.[*] including premium of Rs.[*] per equity share aggregating Rs.45.25 Crores (herein after referred to as the 'issue') by IT People (India) Limited (the company or the issuer). The issue is comprised of reservation upto [*] equity shares at the issue price aggregating Rs.2.26 Crores for the eligible employees of the company and reservation for group company (s) / shareholders of group company (s) upto [o] equity shares at the issue price aggregating Rs.4.53 Crores and net issue to the public of [*] equity shares at the issue price, aggregating to Rs.38.46 Crores. The issue would constitute [*]% of the fully diluted post issue paid-up capital of the company.Price band: Rs.30/- to Rs.32/- per equity share of face value Rs.2/- eachIssue price is 15 times of the face value at the lower end of the price band and 16 times of the face value at the higher end of the price band.

Objective of issue

Tech. Infrastructure & Product Enhancement. Marketing & Business Expansion - Gen. Crop.Purpose. Buying/Leasing of Office Premises. Long Term Working Capital.

Commex Technology Ltd Contact Details

Commex Technology Ltd, 21 Shakil Niwas, Mahakali Caves Road, Andheri (E), Mumbai - 400 093

Phone - 91-22-28262920

Fax - 91-22-28207207

Email - investor@commextechnology.com

Website - www.commextechnology.com