InfoBeans Technologies Ltd - IPO

InfoBeans Technologies Ltd IPO Details

Public issue of 63,42,000 equity shares of face value of Rs. 10/- each fully paid up of Infobeans Technologies Limited (ITL or the company or the issuer) for cash at a price of Rs. 58/- per equity share (the issue price) (including a share premium of Rs. 48/- per equity share aggregating Rs. 36.78 crores (the issue) by the company, of which 3,18,000 equity shares of Rs. 10/-each fully paid up will be reserved for subscription by market maker to the issue (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 60,24,000 equity shares of Rs. 10/- each fully paid up is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.41% and 25.08% 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 issue price is Rs. 58/-. The issue price is 5.8 times the face value.

Objective of issue

Acquisitions & Other strategic initiatives. Technical Development. Investment in its subsidiaries. Advertising & Sales promotion. General corporate purposes.

InfoBeans Technologies Ltd Contact Details

InfoBeans Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@infobeans.com

Website - www.infobeans.com