Inspirisys Solutions Ltd - IPO

Inspirisys Solutions Ltd IPO Details

Public issue of 5,635,950 equity shares of Rs. 10 each for cash at a price of Rs. 75 per equity share aggregating Rs.42.27 crores, comprising a fresh issue of 5,175,667 equity shares by Accel Frontline Limited (Company or Issuer) and an offer for sale of 460,283 equity shares by Intel Pacific, Inc., (Intel or the Selling Shareholder). The fresh issue and the offer for sale are jointly referred to herein as the Issue. 563,595 equity shares will be reserved in the issue for subscription by eligible employees (the employee reservation portion). The issue less the employee reservation portion shall be hereinafter referred to as the net offer to the public. The issue would constitute 25.04% of the fully diluted post issue paid-up capital of the company.Issue Price : Rs.75 per equity share of face value Rs.10Issue price is 7.5 times the face value

Objective of issue

Fund regional/global expansion & acquire or invest. Expansion & impr. of our ESS & BPO infrastructure. For working capital and general corporate purposes. For partial repayment of borrowings.

Inspirisys Solutions Ltd Contact Details

Inspirisys Solutions Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - sundaramurthy.s@inspirisys.com

Website - www.inspirisys.com