Business Standard

Tirshil Algocomm Technologies Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

- cr

Price Range (₹)

0

Lot Size

-

Min Investment (₹)

-

Listing Exchange

NSE - SME

Open Date

-

Close Date

-

Listing Date

-

Tirshil Algocomm Technologies Ltd News

    Tirshil Algocomm Technologies Ltd IPO Details

    Initial public offer of upto 10,21,200 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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 [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Issue. The public issue and 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

    Investment in its technology infrastructure and human resources towards development of the commodity platform of the company. Funding expenditure proposes to be incurred towards setting up of branch offices and custome care centres. Payment of securities deposit to warehousing agent for booking warehouse space for executing contraces received on the commodity platform. General corporate purposes.

    Tirshil Algocomm Technologies Ltd Contact Details

    Tirshil Algocomm Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@tepltrade.com

    Website - www.tepltrade.com