Business Standard

Prabhat Technologies (India) Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

11.22 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

BSE - SME

Open Date

22-Jul-2016

Close Date

26-Jul-2016

Listing Date

03-Aug-2016

Prabhat Technologies (India) Ltd News

    The Shares of Prabhat Technologies (India) Ltd have now been listed.

    Prabhat Technologies (India) Ltd IPO Details

    Public offer of 22,00,000 equity shares of face value of Rs. 10 each (equity shares) of Prabhat Telecoms (India) Limited (Prabhat or the PTIL or the Company) for cash at a price of Rs. 51/- per equity share, including a share premium of Rs. 41/- per equity share (the offer price) through an offer for sale by Mr. Vishwamani Tiwari & M/s. Vee Three Informatics Limited (the selling shareholders) aggregating Rs. 11.22 crores (the offer), of which 1,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51/- per equity share, aggregating Rs. 0.61 crores will be reserved for subscriptions by the market maker to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of 20,80,000 equity shares of face value of Rs. 10 each cash at a price of Rs. 51 per equity share, aggregating Rs. 10.61 crores is hereinafter referred to as the net offer. The offer and the net offer will constitute 26.46% and 25.02% respectively of the post offer paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the offer price of Rs. 51/- is 5.10 times of the face value of the equity shares.

    Objective of issue

    Listing fees on stock exchanges.

    Prabhat Technologies (India) Ltd Contact Details

    Prabhat Technologies (India) Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@prabhatgroup.net

    Website - www.prabhatgroup.net