Logica Infoway Ltd - IPO

Logica Infoway Ltd IPO Details

Public offer of 7,53,000 equity shares of face value of Rs. 10 each (Equity Shares) of Eastern Logica Infoway Limited (the Company or the Issuer) for cash at a price of Rs. 225 per equity (the Offer Price) aggregating to Rs. 16.94 crores (The Offer) comprising of a fresh offer of 6,64,200 equity shares aggregating to Rs. 14.94 crores (the Fresh Offer) and an offer for sale of 88,800 equity shares by the selling shareholders (Offer for Sale) aggregating to Rs. 1.99 crores of which 39,000 equity shares aggregating to Rs. 0.88 crores will be reserved for subscription by market maker to the offer (the Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. net offer of 7,14,000 equity shares aggregating to Rs. 16.07 crores (the Net Offer). The offer and the net offer will constitute 26.41% and 25.05%, respectively of the post offer paid up equity share capital of the company.The face value of the equity share is Rs. 10.00 and the offer price is 22.5 times of the face value of the equity shares.Minimum application size of 600 equity shares and in multiples of 600 equity shares thereafter.

Objective of issue

To meet the working capital requirements of the company. General corporate purposes.

Logica Infoway Ltd Contact Details

Logica Infoway Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@easternlogica.com

Website - www.easternlogica.com