Smartdata Enterprises India Ltd - IPO

Smartdata Enterprises India Ltd IPO Details

Initial public issue of up to 72,00,000 equity shares of face value of Rs. 10/- each of Smartdata Enterprises (India) Limited (SDEI) or the Company or the Issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*]/- per equity share (the Issue Price) aggregating to Rs. [*] Crores (The Issue), of which [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] Crores is herein after 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 face value of the equity shares is Rs. 10/- each.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Investment in designing and development of the products and platform. Funding Upgradation of the Company's Digital Infrastructure (Software, Hardware and Communications & Network Services). Funding capital expenditure for setting up development centres in Nagpur and Hyderabad. Repayment of certain outstanding borrowings availed by the Company. General Corporate Purposes.

Smartdata Enterprises India Ltd Contact Details

Smartdata Enterprises India Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - investors.sdei@smartdatainc.net

Website - https:, www.smartdatainc.com