Skytech Infinite Platform Ltd - IPO

Skytech Infinite Platform Ltd IPO Details

Initial public offer of upto 29,45,600 equity shares of face value of Rs. 10/- each (Equity Shares) of Skytech Infinite Platform Limited (the Company or Issuer) at an issue price of Rs. 77 per equity share (including a share premium of Rs. 67 per equity share) for cash, aggregating up to Rs. 22.68 Crores (Public Issue) out of which 1,48,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating Rs. 1.15 Crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. Issue of 27,96,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 77 per equity share for cash, aggregating up to Rs. 21.54 Crores is hereinafter referred to as the Net Issue. The public issue and net issue will constitute 29.99% and 28.48% respectively of the post- issue paid-up equity share capital of the company.Price Band: Rs. 73/- to Rs. 77/- per equity share of face value of Rs. 10/- each.The floor price is 7.3 times the face value of the equity shares and the cap price is 7.7 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Working Capital Requirements. Issue Related Expenses. General Corporate Expenses.

Skytech Infinite Platform Ltd Contact Details

Skytech Infinite Platform Ltd, #30 Ramana Residency, 4th Cross Sampige Rd, Malleswaram, Bangalore - 560003

Phone - 91-80-23460815-818

Fax - 91-80-23460819

Email - harish@skytechinfinite.com

Website - www.skytechinfinite.com