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Panache Digilife IPO is a book build issue of ₹14.58 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹14.58 crore.
Panache Digilife IPO bidding started from Apr 11, 2017 and ended on Apr 17, 2017. The shares got listed on NSE SME on Apr 25, 2017.
Panache Digilife IPO price band is set at ₹81.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,59,200.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Panache Digilife IPO RHP for detailed Information.
| IPO Date | April 11, 2017 to April 17, 2017 |
| Listing Date | April 25, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹81 per share |
| Issue Price Final | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,00,000 shares (aggregating up to ₹14.58 Cr) |
| Reserved for Market Maker | 92,800 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.7517 Cr) |
| Net Offered to Public | 17,07,200 shares (aggregating up to ₹13.83 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 42,00,000 shares |
| Share Holding Post Issue | 60,00,000 shares |
Panache Digilife IPO offers total 18,00,000 shares. Out of which 8,52,800 (47.38%) allocated to NII, 8,54,400 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,800 (5.16%) |
| NII (HNI) Shares Offered | 8,52,800 (47.38%) |
| Retail Shares Offered | 8,54,400 (47.47%) |
| Total Shares Offered | 18,00,000 (100.00%) |
Panache Digilife IPO opens on April 11, 2017, and closes on April 17, 2017.
| IPO Open Date | Tue, Apr 11, 2017 |
| IPO Close Date | Mon, Apr 17, 2017 |
| Tentative Listing Date | Tue, Apr 25, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Apr 17, 2017 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,29,600 |
| Retail (Max) | 1 | 1,600 | ₹1,29,600 |
| HNI (Min) | 2 | 3,200 | ₹2,59,200 |
Incorporated in 2007, Panache Digilife Ltd formerly known as Vardhaman Technology Ltd engaged in Information and Communication Technology manufacturing, distribution and services in India and internationally.
The company offers various IT infrastructure products and embedded solutions. They have a diverse product basket comprising of thin clients, point of sales, digital signage, education solutions, healthcare embedded – PC, ATM Kiosk, etc. Recently they have also added GPS Tracking Solutions and televisions to their product portfolio.
They have customers based out of Dubai, Iran, Riyadh, Sri Lanka, etc. To expand their operations, they have recently incorporated a subsidiary in. They are also Local Device Partner (L-OEM or Named Partner) for Microsoft and also have a Microsoft License Agreement. They are authorized to procure Windows, Server & Office Licenses directly from Microsoft. They sell their devices under the brand Name ―Panache‖ with Windows OS, Windows Server & Office Licenses preloaded.
The Company Panache Digilife IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 14.58 |
| 2 | General corporate purposes | 0.60 |
[Dilip Davda] While company has been performing well with rising top and bottom lines, its trade receivables too were surging that remains major concern. Risk savvy cash surplus investors may consider investment. Read detail review...
| Listing Date | April 25, 2017 |
| BSE Script Code | |
| NSE Symbol | PANACHE |
| ISIN | INE895W01019 |
| Final Issue Price | ₹81 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹84.00 |
| Low | ₹84.00 |
| High | ₹86.80 |
| Last Trade | ₹85.75 |
Panache Digilife Ltd.
Unit No. 201/B, Raheja Plaza-1,
L.B.S. Marg,
Ghatkopar (West),
Mumbai, Maharashtra, 400086
Phone: +91 22-25007502
Email: compliance@panachedigilife.com
Website: http://www.panachedigilife.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Panache Digilife IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹14.58 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on April 11, 2017, and closes on April 17, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Panache Digilife IPO using UPI as a payment gateway. Zerodha customers can apply in Panache Digilife IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Panache Digilife IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Panache Digilife IPO opens on April 11, 2017 and closes on April 17, 2017.
Panache Digilife IPO lot size is 1600, and the minimum amount required for application is ₹1,29,600.
You can apply in Panache Digilife IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Panache Digilife IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Panache Digilife IPO allotment status.
The Panache Digilife IPO listing date is on Tuesday, April 25, 2017.
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