Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Tue, Apr 11, 2017 - Mon, Apr 17, 2017
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,29,600 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Apr 11, 2017
IPO Close
Mon, Apr 17, 2017
Issue Price
₹81 per share
Market Cap (Pre-IPO)
₹48.60 Cr
| IPO Date | 11 to 17 Apr, 2017 |
| Listed on | Tue, Apr 25, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 |
| Issue Price | ₹81 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 18,00,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 92,800 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.7517 Cr) |
| Fresh Issue (Ex Market Maker) | 17,07,200 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 17,07,200 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 42,00,000 shares |
| Share Holding Post Issue | 60,00,000 shares |
| NSE Symbol | PANACHE |
| ISIN | INE895W01019 |
Panache Digilife IPO comprises a total issue size of 18,00,000 shares. The net offer to the public is 17,07,200 shares, after excluding 92,800 shares allotted on a firm basis. Of the Net offer 8,52,800 (49.95%) allocated to NII 8,54,400 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,52,800 | 49.95% | 47.38% |
| Retail Shares Offered | 8,54,400 | 50.05% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,800 | 5.16% | |
| Total Shares Offered | 18,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 14.58 |
| 2 | General corporate purposes | 0.60 |
The Panache Digilife IPO is subscribed [.] times on April 17, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.30 |
| 2 | Regulatory fees | 0.12 |
| 3 | Marketing and Other Expenses | 0.18 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹81.00 |
| Open | ₹84.00 |
| Low | ₹84.00 |
| High | ₹86.80 |
| Last Trade | ₹85.75 |
Lead Manager Reports
Panache Digilife IPO is a SME IPO of 18,00,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹81 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Apr 11, 2017, and closes on Mon, Apr 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 Tue, Apr 11, 2017 and closes on Mon, Apr 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 Tue, Apr 25, 2017.
