Workmates Core2cloud Solution Ltd - IPO

Workmates Core2cloud Solution Ltd IPO Details

Initial public offer of 34,23,600 equity shares of face value of Rs. 10/- each (equity shares) of the company at an offer price of Rs. 204/- per equity share (including a share premium of Rs. 194/- per equity share) for cash, aggregating Rs. 69.84 crores (public offer) comprising a fresh offer of 29,08,800 equity shares of face value of Rs. 10/- each aggregating to Rs. 59.34 crores (the fresh offer) and an offer for sale of 5,14,800 equity shares of face value of Rs. 10/- each comprising of 1,25,452, 1,25,452, 62,974, 1,00,461, 1,00,461equity shares of face value of Rs. 10/- each by Debasish Sarkar, Prajnashree Mohapatra , Shilpa Mohta, Anindya Sen and Anirban Dasgupta (selling shareholders) respectively offer for sale aggregating to Rs. 10.50 crores. out of public offer 1,71,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 204/- per equity share for cash, aggregating Rs. 3.50 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The public offer less market maker reservation portion i.e. offer of 32,52,000 equity shares of face value of Rs.10/- each, at an offer price of Rs. 204/- per equity share for cash, aggregating up to Rs. 66.34 crores is hereinafter referred to as the net offer. The public offer and net offer will constitute 26.50% and 25.17% respectively of the post-offer paid-up equity share capital of the company.

Objective of issue

Prepayment or repayment of secured loan availed by our Company from Banks / Financial Institutions.. Funding of Working Capital requirement of our company.. General corporate purposes.

Workmates Core2cloud Solution Ltd Contact Details

Workmates Core2cloud Solution Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@cloudworkmates.com

Website - www.cloudworkmates.com