Fidel Softech announces launch of initial public offering
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Fidel Softech Ltd. has announced public offering of 3648000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 27.00 per share. The gross proceeds of the issue are expected to be Rs 1,349.76 lakhs. The company's initial public offer (IPO) will open on 30 May 2022 and is expected to close on 02 June 2022, subject to customary closing conditions.
The IPO includes a fresh Issue of 3648000 Equity Shares of the Company at an price of Rs 37.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000. Fidel Softech Ltd. anticipates using the proceeds of the issue for . Shreni Shares Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
