Intrasoft Technologies Limited IPO : Opening on 23rd Mar 2010

by khalid on 18/03/2010 · 0 comments

Intrasoft Technologies Limited provides electronic greeting card services through website, www.123greetings.com. 123greetings is the largest electronic greeting cards website in India and 2nd largest in the world. The company is entering into primary market with an Initial Public Offer (IPO) of 3700000 Equity Shares of Rs 10 each from 23rd March 2010 and the shares will be available for subscription up to 26th March 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has not yet been fixed by the company. It will be provided here in bellthebull as soon as it is available.

The proceeds of the IPO will be used for Branding and Promotion, Purchasing a corporate office at Kolkata, Investment in technology infrastructure, General corporate purposes, Issue related expenses and achieve the benefits of listing on the Stock Exchanges.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 23rd Mar 2010 – 26th Mar 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 3700000 Equity Shares of Rs 10 each
Issue Size : Rs. Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. – Rs. Per Equity Share
Market Lot :
Minimum Order Quantity :
Listing At : BSE, NSE

Book running lead managers to the issue are Anand Rathi Securities Limited and Collins Stewart Inga Private Limited.

Registrar of the Issue is Link Intime India Private Ltd, Mumbai.

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