Nihilent Technologies has submitted an application for submission of an IPO to market regulator Sebi. The company filed the draft red herring prospectus (DHRP) on last Friday. Pune-based company provides Business Consulting and IT solutions to client.
The company will issue fresh shares of Rs 250 crore in this IPO. Apart from this, existing shareholders are going to present 21,25,599 shares of their stake. It will also include 11,71,219 equity shares of Vastu IT Pvt. Ltd in the promoter group.
The company says that they use the proceeds from the IPO to fund their organic growth. Apart from this, it will be used for upgrading the first corporate office and for the new branch office.
The company is in the mood to set up a hybrid lab in Chennai. Apart from this, User Experience Lab and Media Lab are also on the radar of the company. The company said that it will list both its shares on both BSE and NSE, on the Indian Stock Exchange.
Motilal Oswal Investment Advisors Limited has been appointed Book Running Managers for this IPO. With this, Link Intime India Private Ltd has been appointed as Registrar.
Nihilent was incorporated in May 2000 and providing their services in major sectors like banking, finance and insurance, media and entertainment, mobility and telecommunications, life sciences and healthcare, manufacturing, retail and consumer products.
It has arond 1800 employees across India even have offices in South Africa, the US, UK, and Australia. Planning to expenad their business in Ireland as well.
Nihilent Technologies is the Pune based company..
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Nihilent Technologies IPO Reviews & Recommendations:
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Nihilent Technologies IPO Details
|Issue Price Band||–|
|Minimum bid (lot size)||–|
|Minimum Lot Amount||–|
|Face Value||INR 10 per share|
|IPO Size||INR – 250 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||BSE and SME|
Nihilent Technologies IPO Financial Performance (in INR Crore)
Nihilent Technologies IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 2018
- Bid/Offer Closes On: 2018
- Basis of Allotment: On or about – 2018
- Refunds Status: On or about – 2018
- Credit of Equity Shares to demat accounts: On or about – 2018
- Listing Date: On or about – 2018
Allotment Status – Nihilent Technologies IPO : Check Here
Nihilent Technologies IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Nihilent Technologies IPO Lead Manager(s):
- Motilal Oswal Investment Advisors Limited
Nihilent Technologies IPO Promoters:
Company Contact Information:
Nihilent Technologies IPO Registrar:
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Email: [email protected]