KANDARP DIGI SMART BPO LTD. Enters Market with IPO of RS 8.10 Crore To Be Listed On NSE EMERGE

New Delhi (India), September 17: Kandarp Digi Smart BPO Limited, engaged in BPO services specializing in the area of support services solutions, brings its IPO for 27,00,000 shares aggregating to Rs 8.10 crores. The issue opens on the 16th of September and closes on 20th September 2022. It will subsequently be listed on the NSE […]

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KANDARP DIGI SMART BPO LTD. Enters Market with IPO of RS 8.10 Crore To Be Listed On NSE EMERGE
“KANDARP DIGI SMART BPO LTD. Enters Market with IPO of RS 8.10 Crore To Be Listed On NSE EMERGE”
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17 Sep 2022
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KANDARP DIGI SMART BPO LTD. Enters Market with IPO of RS 8.10 Crore To Be Listed On NSE EMERGE

New Delhi (India), September 17: Kandarp Digi Smart BPO Limited, engaged in BPO services specializing in the area of support services solutions, brings its IPO for 27,00,000 shares aggregating to Rs 8.10 crores. The issue opens on the 16th of September and closes on 20th September 2022. It will subsequently be listed on the NSE Emerge platform.

The initial public issue for 27,00,000 shares will be at Rs 30 per equity share, including a premium of Rs 20 per share and the face value per share will be Rs 10, aggregating to Rs 8.10 crores. Out of 27,00,000 shares, upto 1,40,000 shares will be reserved for subscription by the market maker to the issue (Market Maker Reservation Portion). The issue-less market maker reservation portion of upto 25,60,000 shares of Rs 10 each, including a share premium of Rs 20 per equity share, aggregating to Rs 768 lakhs will be the net issue. The lot size will be 4,000 shares. The issue and the net issue will constitute 30.09% and 28.53% respectively of the post issue paid up equity share capital of the company. The lead manager to the issue is Beeline Capital Advisors Private Limited and the registrar to the issue is Skyline Financial Services Private Limited.

The Net Proceeds from the IPO will be utilized for:

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