Plada Infotech Services Ltd. has announced public offering of 2574000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 38.00 per share. The gross proceeds of the issue are expected to be Rs 1,235.52 lakhs.
The company's initial public offer (IPO) will open on 29 September 2023 and is expected to close on 04 October 2023, subject to customary closing conditions.
The IPO includes a fresh Issue of 2574000 Equity Shares of the Company at an price of Rs 48.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Plada Infotech Services Ltd. anticipates using the proceeds of the issue for .
Indorient Financial Services Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.