Atishya Infotech IPO opens on Sept 25

Atishya Infotech IPO opens on Sept 25

FPJ BureauUpdated: Saturday, June 01, 2019, 08:21 AM IST
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Atishya Infotech Ltd (AIL) is an ISO 9001-2008 certified and ISO/IEC 27001:2005 certified (Information Security Management Systems) company which offers wide range of Information Technology Database Management and E-Governance Services including Large Scale Data Entry and Scanning Solutions, Digitization Services, Document Conversion, Data Base Management of highest quality to our clients who are mainly PSU and Government Entities. The company operates from registered office located at Mumbai, Maharashtra and its corporate office located at Bhopal, Madhya Pradesh. It currently provides services in the states of Maharashtra, Rajasthan, Uttar Pradesh, Bihar & Madhya Pradesh.

To meet its working capital requirement and issue expenses, the company is coming out with an IPO of 2320000 equity share of Rs. 10 each at a fixed price of Rs. 16 per share to mobilize Rs. 3.71 crore. Issue opens on 25.09.14 and will close on 29.09.14. Minimum application is to be made for 8000 shares and in multiples thereof, thereafter. Issue is lead managed by Hem Securities Ltd and Sharex Dynamic (India) Pvt Ltd is the registrar to the issue. Post allotment, shares will be listed on BSE SME.

On merchant banker’s aspect, this is 8th SME issue from it. It has mixed trends of performances post listing and current market prices.

Remarks: A long-term bet

Dilip Davda

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