Business Standard

Fidel Softech Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

13.50 cr

Price Range (₹)

37

Lot Size

3000

Min Investment (₹)

1,11,000.00

Listing Exchange

NSE - SME

Open Date

30-May-2022

Close Date

02-Jun-2022

Listing Date

10-Jun-2022

Fidel Softech Ltd News

    The Shares of Fidel Softech Ltd have now been listed.

    Fidel Softech Ltd IPO Details

    Initial public offering of upto 36,48,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Fidel Softech Limited (Fidel or The Company or The Issuer) for cash at a price of Rs. 37/- per equity share (including a premium of Rs. 27/- per equity share) (Issue Price) aggregating up to Rs. 13.50 crores (The Issue) of which 1,86,000 equity shares aggregating to Rs. 0.69 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 34,62,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 37/- per equity share aggregating to Rs. 12.81 crores (Net Issue). The issue and the net issue will constitute 26.53 % and 25.18 % of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 3.7 times of the face value. Bid can be made for minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

    Objective of issue

    Funding working capital requirements. General corporate purposes.

    Fidel Softech Ltd Contact Details

    Fidel Softech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investor-relations@fidelsoftech.com

    Website - www.fidelsoftech.com