Plada Infotech Services Ltd - IPO

Plada Infotech Services Ltd IPO Details

Initial public offer of up to 25,74,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Plada Infotech Services Limited (the Company or Plada) at an issue price of Rs. 48/- per equity share for cash, aggregating up to Rs. 12.36 crores (Public Issue) out of which 1,29,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 48/- per equity share for cash, aggregating Rs. 0.62 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 24,45,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 48/- per equity share for cash, aggregating upto Rs. 11.74 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute Rs. 12.36 crores and Rs. 11.74 croress respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Working capital requirements. Purchase of Laptops & Accessories for IT Development. Repayment and/or prepayment in part or in full of certain outstanding loans. General corporate expenses.

Plada Infotech Services Ltd Contact Details

Plada Infotech Services Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - abhishek.jain@pladainfotech.com

Website - www.pladainfotech.com