DC Infotech & Communication Ltd IPO

IPO Synopsis

Initial Public Issue of 24,00,000 equity shares of face value of Rs. 10 each (equity shares) of DC Infotech and Communication Limited (the company or the issuer) for cash at a price of Rs. 45 per equity share (the issue price), (including a premuim of Rs. 35 per equity share), aggregating Rs. 10.80 Crores (the issue), of which 1,26,000 equity shares of face value of Rs. 10 for cash at a price of Rs. 45 each aggregating Rs. 0.57 Crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 22,74,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 45 per equity share, aggregating to Rs. 10.23 Crores is hereinafter referred to as the net issue. The issue and the net issue will Constitute 40.00 % and 37.90 % respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is 4.5 times of the face value.

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