Monday, 17 April 2017

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 DateIssue Closing DateApplication MoneyAllotment Money
18/04/201721/04/201758-
Lead ManagersRegistrarListed 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 SUBSIDIARIES50,000,000.00
GENERAL CORPORATE EXPS.55,000,000.00
ACQUISITIONS & OTHER STRATEGIC INITIATIVES145,000,000.00
TECHNICAL DEVELOPMENT82,000,000.00
ADVERTISING & SALES PROMOTION17,500,000.00
ISSUE EXPENSES18,336,000.00
TOTAL COST367,836,000.00
Means of Finance
 (Rs.)
PUBLIC ISSUES367,836,000.00
TOTAL COST367,836,000.00
Promoted by
The Promoters of the Company are :
1. Mr. Siddharth Sethi

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