IPO Issue Details
Issue Price / Price Band₹121 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size33,24,000 shares (aggregating up to ₹40.22 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 20 Nov 2017
Subscription CloseThu, 23 Nov 2017
Anchor AllotmentSun, 19 Nov 2017
Basis of AllotmentWed, 29 Nov 2017
Initiation of RefundsThu, 30 Nov 2017
Credit of Shares to DematThu, 30 Nov 2017
Listing DateFri, 01 Dec 2017
UPI Mandate Deadline2017-11-23
Application & Investment Details
Retail — Min (1 Lots)121000 — 1000 shares
Retail — Max (13 Lots)₹1,573,000 (13 Lots)
HNI — Min (2 Lots)242000 — 2000 shares
Net Offer to Public31,50,000 shares (aggregating up to ₹38.12 Cr)
Reserved for Market Maker1,74,000 shares (aggregating up to ₹2.11 Cr)
Pre-IPO Promoter Holding1,25,95,000 shares
Post-IPO Promoter Holding1,25,95,000 shares
About Silver Touch Technologies Ltd
Incorporated in 1995, Silver Touch Technologies Limited is Ahmadabad based provider of end-to-end Information and Communication Technology (ICT) solution. Company has executed projects in India and aboard.Silver Touch provides a wide range of services relating to IT requirements of its clients. Some of the services offered by the company are as under:1. eGovernance Services2. Software Services including Application Development, Support and Maintenance3. System Integration Services4. SAP Services5. Social Media Marketing Services6. Mobile Application ServicesAs on July 31, 2017, Company has 1042 employees on the payroll. In addition, there were 192 contract labors for the month July, 2017.
Objects of the Issue
Silver Touch Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Offer Management fees including payment to intermediaries such as Lead Manager, Registrars, Legal Advisors and other out of pocket expenses, Underwriting Commission, Selling Commission and Processing Fees to SCSBs and other intermediaries, Advertisement, Printing & Stationery, Marketing Expenses, etc
0.41
2
Regulatory (NSE, NSDL, CDSL)
0.04
3
Market Making fees (1st year)
0.03
4
Other miscellaneous Expenses
0.03
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,25,95,000 shares
Post-IPO Promoter Holding
1,25,95,000 shares