Accord Synergy Ltd IPO

IPO Synopsis

Public issue upto 9,72,000 equity shares of a face value of Rs. 10 each (the equity shares) of Accord Synergy Limited (ASL Accord or the company) for cash at a price of Rs. 60 per share (the issue price), aggregating to Rs. 5.83 crores (the issue), of which, 96,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 8,76,000 equity shares of Rs. 60 each (is hereinafter referred to as the net issue). The issue and the net issue will constitute 27.99% and 25.23%, respectively of the post issue paid-up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 60. The issue price is 6 times of the face value.