IPO Issue Details
Issue Price / Price Band₹82 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size5,36,000 shares (aggregating up to ₹4.40 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 20 Dec 2021
Subscription CloseThu, 23 Dec 2021
Anchor AllotmentSun, 19 Dec 2021
Basis of AllotmentWed, 29 Dec 2021
Initiation of RefundsThu, 30 Dec 2021
Credit of Shares to DematThu, 30 Dec 2021
Listing DateFri, 31 Dec 2021
UPI Mandate Deadline2021-12-23
Application & Investment Details
Retail — Min (1 Lots)₹1,31,200 — 1,600 shares
Retail — Max (13 Lots)₹1,705,600 (13 Lots)
HNI — Min (2 Lots)₹2,62,400 — 3,200 shares
Net Offer to Public5,08,800 shares (aggregating up to ₹4.17 Cr)
Reserved for Market Maker27,200 shares (aggregating up to ₹0.2230 Cr)
Pre-IPO Promoter Holding14,79,000 shares
Post-IPO Promoter Holding20,15,000 shares
About Vivo Collaboration Solutions Ltd.
Incorporated in 2012, Vivo Collaboration offers a comprehensive suite of telephony services, covering voice-based solutions of enterprises. The company delivers end-to-end Cloud Telephony solutions. The company enables enterprises to break free from traditional PSTN-based communication and adopt IP voice applications.Vivo provides a solid, scalable, yet simple converged platform for enterprise communication. Vivo uses robust TDM networks and MPLS cloud services for its solutions. The company's OPEX-based cloud platform caters to the specific needs of its diverse customer base. The company's services ensure zero communication loss and hence save precious management time.Competitive Strengths:Experienced management and motivated teamEnd-to-end cloud telephony services providerOne-window cloud accessCommitment to quality
Objects of the Issue
Vivo Collaboration Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the working capital requirements of the Company
2.68
2
2 General Corporate Purpose
1.10
Shareholding & Lock-in
Pre-IPO Promoter Holding
14,79,000 shares
Post-IPO Promoter Holding
20,15,000 shares