Fidel Softech Ltd - IPO

Fidel Softech Ltd IPO Details

Initial public offering of upto 36,48,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Fidel Softech Limited (Fidel or The Company or The Issuer) for cash at a price of Rs. 37/- per equity share (including a premium of Rs. 27/- per equity share) (Issue Price) aggregating up to Rs. 13.50 crores (The Issue) of which 1,86,000 equity shares aggregating to Rs. 0.69 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 34,62,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 37/- per equity share aggregating to Rs. 12.81 crores (Net Issue). The issue and the net issue will constitute 26.53 % and 25.18 % of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 3.7 times of the face value. Bid can be made for minimum of 3000 equity shares and in multiples of 3000 equity shares thereafter.

Objective of issue

Funding working capital requirements. General corporate purposes.

Fidel Softech Ltd Contact Details

Fidel Softech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor-relations@fidelsoftech.com

Website - www.fidelsoftech.com