One97 Communications Limited IPO : Files DRHP with SEBI

by khalid on 27/05/2010 · 0 comments

One97 is India’s largest and most widely deployed telecom application platform company. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI on 24th May 2010 to float its IPO. The company wants to raise money from primary market with an IPO of —- equity shares of face value Rs 10, with a premium decided by the 100% book building process. The money raised by this proposed IPO would be around Rs 1,200 million.

The company want to raise money from primary market with this IPO for procuring telecom equipments and for software installation.

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

Book running lead managers to the issue are IDFC and AVENDUS CAPITAL.

Registrar to the issue is Link Intime India Private Limited.

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