Opalforce Software India Ltd - IPO

Opalforce Software India Ltd IPO Details

Initial public offer of 50,00,000 equity shares of face value of Rs. 2/- each (Equity Shares) of Opalforce Software India Limited (the Company or Issuer) at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Offer) comprising a fresh issue of 33,50,000 equity shares aggregating to Rs. [*] crores (the Fresh Issue) and an offer for sale of 16,50,000 equity shares by Opalforce Inc (The Selling Shareholder) (Offer for Sale) aggregating to Rs. [*] crores, out of which [*] equity shares of face value of Rs. 2/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of [*] equity shares of face value of Rs. 2/- each, at an offer price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute [*]% and [*]% respectively of the post-offer paid-up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding of working capital requirements of the company. General corporate purposes.

Opalforce Software India Ltd Contact Details

Opalforce Software India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@opalforce.com

Website - www.opalforce.com