Funny Software Ltd - IPO

Funny Software Ltd IPO Details

Public issue of 32,80,000 equity shares of Rs. 10/- each (equity shares) of Funny Software Limited (FSL or the company or the issuer) for cash at a price of Rs. 14/- per share (the issue price), aggregating to Rs. 4.59 crores (the issue), of which, 1,80,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (The market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 31,00,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.56% and 25.10%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and The issue price Rs. 14 each. The issue price is 1.40 times of the face value.

Objective of issue

To part-finance incremental working capital req.. To acquire certain fixed assets. General corporate purposes.

Funny Software Ltd Contact Details

Funny Software Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - funny_soft@yahoo.com

Website - www.funnysoftwarelimited.com