IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size17,04,000 shares (aggregating up to ₹4.26 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 28 Dec 2015
Subscription CloseThu, 31 Dec 2015
Anchor AllotmentSun, 27 Dec 2015
Basis of AllotmentWed, 06 Jan 2016
Initiation of RefundsThu, 07 Jan 2016
Credit of Shares to DematThu, 07 Jan 2016
Listing DateThu, 14 Jan 2016
UPI Mandate Deadline2015-12-31
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 6,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 12,000 shares
Net Offer to Public16,08,000 shares (aggregating up to ₹4.02 Cr)
Reserved for Market Maker96,000 shares (aggregating up to ₹0.2400 Cr
Pre-IPO Promoter Holding47,10,500 shares
Post-IPO Promoter Holding64,14,500 shares
About OFS Technologies Ltd.
Incorporated in 2008, OFS Technologies Ltd is an IT company engaged in the business of software development. They are software development and Information technology outsourcing company with own ERP product division catering to the food processing industry.They help software-enabled businesses to design, develop, test, and maintain their software products and applications, whether they are hosted, licensed, or mobile.
Objects of the Issue
OFS Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Strategic Acquisition(s)/ Joint Venture
3.75
2
2 General Corporate Purposes
0.19
Shareholding & Lock-in
Pre-IPO Promoter Holding
47,10,500 shares
Post-IPO Promoter Holding
64,14,500 shares