Prakhar Software Solutions Ltd - IPO

Prakhar Software Solutions Ltd IPO Details

Initial public offer of up to 1,22,16,000 equity shares of face value Rs. 5/- each (the Equity Shares) of Prakhar Software Solutions Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share (including a Securities Premium of Rs. [*] per Equity Share) (Issue Price), aggregating up to Rs. [*] crores (the Issue) of which [*] equity shares aggregating to Rs. [*] crores (Constituting up to [*] % of the post-issue paid-up Equity Share Capital of the Company) will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute [*] % and [*] % respectively of the post-issue 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 for setting up of advanced technology. Fund utilization for business developments. Fund deployment on research and development. Funding the company long-term working capital requirement. Funding inorganic growth through unidetified acquisition and other strategic initiatives and General corporate purpose.

Prakhar Software Solutions Ltd Contact Details

Prakhar Software Solutions Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - niharika.jajoo@prakharsoftwares.com

Website - www.prakharsoftwares.com