Business Standard

Vertoz Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

17.11 cr

Price Range (₹)

108

Lot Size

1200

Min Investment (₹)

1,29,600.00

Listing Exchange

NSE - SME

Open Date

14-Nov-2017

Close Date

16-Nov-2017

Listing Date

24-Nov-2017

Vertoz Ltd News

    The Shares of Vertoz Ltd have now been listed.

    Vertoz Ltd IPO Details

    Public issue of 15,84,000 equity shares of a face value of Rs. 10/- each (the equity shares) of Vertoz Advertising Limited (The Company or VAL or The Issuer) for cash at a price of Rs. 108/- per equity share (including a share premium of Rs. 98.00 per equity share) (issue price) aggregating to Rs. 17.11 crores (the issue) of which 79,200 equity shares aggregating to Rs. 0.86 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,04,800 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 108.00 per equity share aggregating to Rs. 16.25 crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.47% and 25.14%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs.10 each and the issue price is Rs.108. The issue price is 10.80 times of the face value.

    Objective of issue

    Funding of working capital requirements of the company. Funding of working capital requirements of the subsidiaries Vertoz Inc. and Vertoz Ltd. General corporate expenses.

    Vertoz Ltd Contact Details

    Vertoz Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - compliance@vertoz.com

    Website - www.vertoz.com