Blend Financial Services Ltd - IPO

Blend Financial Services Ltd IPO Details

Public issue of 42,50,000 equity shares of face value Rs. 10 each (The Equity Shares) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) of Blend Financial Services Limited (Blend or Company) aggregating up to Rs. [*] crores (Issue). The issue comprises a net issue to the public of 42,15,000 equity shares (The Net Issue) and a reservation of 35,000 equity shares for eligible employees (The Employee Reservation Portion). The issue and net issue shall constitute 25.31% and 25.10% of the post issue paid-up equity capital of the company respectively.Price band: Rs. [*] to Rs. [*] per equity share of face value of Rs. 10 eachThe floor price is [*] times of the face value and the cap price is [*] times of the face valueThe company, in consultation with the BRLMs, may decide to offer discount of Rs. [*] to the issue price to the eligible employees (Employee Discount). The excess amount paid at the time of bidding shall be refunded to the eligible employees.

Objective of issue

Expansion of existing operations of the company. Investment in India Factoring & Finance Sol. P Ltd. Making Strategic investment or acq. of companies. Brand building. General corporate purposes.

Blend Financial Services Ltd Contact Details

Blend Financial Services Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - ipo@blendfinance.com

Website - www.blendfinance.com