Forthcoming IPOs : InfoBeans Technologies Ltd.

InfoBeans Technologies Ltd.
No.601-602, Rafael Tower 8/2, Old Palasia, , Indore , Madhya Pradesh - 452001 Phone: 6704000
Public Issue of 6342000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 48 per share.
Issue Open Date Issue Closing Date Application Money Allotment Money 18/04/2017 21/04/2017 58 -
Lead Managers Registrar Listed at SARTHI CAPITAL ADVISORS PRIVATE LTD. LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, , Lal Bahadur Shastri Marg, , Vikhroli (West), , Mumbai , Maharashtra - 400083 Phone: 49186200 Fax: 49186195 NSE
Object of the issue The Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the NSE Emerge Platform. The objects of the Issue are:- 1. Acquisitions and Other Strategic Initiatives, 2. Technical Development, 3. Investment in the Subsidiaries, 4. Advertising and Sales Promotion, 5. General Corporate Purposes, 6. Issue Expenses.
Project Cost   (Rs.) INVESTMENT IN SUBSIDIARIES 50,000,000.00 GENERAL CORPORATE EXPS. 55,000,000.00 ACQUISITIONS & OTHER STRATEGIC INITIATIVES 145,000,000.00 TECHNICAL DEVELOPMENT 82,000,000.00 ADVERTISING & SALES PROMOTION 17,500,000.00 ISSUE EXPENSES 18,336,000.00 TOTAL COST 367,836,000.00
Means of Finance   (Rs.) PUBLIC ISSUES 367,836,000.00 TOTAL COST 367,836,000.00
Promoted by The Promoters of the Company are : 1. Mr. Siddharth Sethi

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