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Silver Touch Technologies IPO is a fixed price issue of ₹40.22 crores. The issue is entirely an offer for sale of 0.33 crore shares of ₹40.22 crore.
Silver Touch Technologies IPO bidding started from Nov 20, 2017 and ended on Nov 23, 2017. The shares got listed on NSE SME on Dec 1, 2017.
Silver Touch Technologies IPO price is ₹121.00 per share .
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Silver Touch Technologies IPO RHP for detailed Information.
| IPO Date | November 20, 2017 to November 23, 2017 |
| Listing Date | December 1, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹121 per share |
| Lot Size | |
| Sale Type | Offer For Sale |
| Total Issue Size | 33,24,000 shares (aggregating up to ₹40.22 Cr) |
| Reserved for Market Maker | 1,74,000 shares Beeline Broking Ltd. (aggregating up to ₹2.11 Cr) |
| Net Offered to Public | 31,50,000 shares (aggregating up to ₹38.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,25,95,000 shares |
| Share Holding Post Issue | 1,25,95,000 shares |
Silver Touch IPO offers total 33,24,000 shares. Out of which 15,75,000 (47.38%) allocated to NII, 15,75,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,74,000 (5.23%) |
| NII (HNI) Shares Offered | 15,75,000 (47.38%) |
| Retail Shares Offered | 15,75,000 (47.38%) |
| Total Shares Offered | 33,24,000 (100.00%) |
Silver Touch Technologies IPO opens on November 20, 2017, and closes on November 23, 2017.
| IPO Open Date | Mon, Nov 20, 2017 |
| IPO Close Date | Thu, Nov 23, 2017 |
| Tentative Listing Date | Fri, Dec 1, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 23, 2017 |
Incorporated in 1995, Silver Touch Technologies Limited is Ahmadabad based provider of end-to-end Information and Communication Technology (ICT) solution. Company has executed projects in India and aboard.
Silver Touch provides a wide range of services relating to IT requirements of its clients. Some of the services offered by the company are as under:
1. eGovernance Services
2. Software Services including Application Development, Support and Maintenance
3. System Integration Services
4. SAP Services
5. Social Media Marketing Services
6. Mobile Application Services
As on July 31, 2017, Company has 1042 employees on the payroll. In addition, there were 192 contract labors for the month July, 2017.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18 |
The Company Silver Touch Technologies 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 | To achieve the benefits of listing the Equity Shares on the Stock Exchange |
[Dilip Davda] Risk savvy cash surplus investors may consider moderate investment in this fully priced issue for long term. (High risk – Low return). Read detail review...
| Listing Date | December 1, 2017 |
| BSE Script Code | |
| NSE Symbol | SILVERTUC |
| ISIN | INE625X01018 |
| Final Issue Price | ₹121 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹120.00 |
| Low | ₹120.00 |
| High | ₹126.00 |
| Last Trade | ₹122.00 |
Silver Touch Technologies Ltd.
2nd Floor, Saffron,
Nr. Panchwati Circle,
Ambawadi
Ahmedabad, Gujarat, 380006
Phone: +91-79-2656 3158
Email: cs@silvertouch.com
Website: https://www.silvertouch.com/in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: silvertouch.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Silver Touch Technologies IPO is a SME IPO of 33,24,000 equity shares of the face value of ₹10 aggregating up to ₹40.22 Crores. The issue is priced at ₹121 per share. The minimum order quantity is .
The IPO opens on November 20, 2017, and closes on November 23, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Silver Touch Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Silver Touch Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Silver Touch Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Silver Touch Technologies IPO opens on November 20, 2017 and closes on November 23, 2017.
Silver Touch Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Silver Touch Technologies 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 Silver Touch Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Silver Touch Technologies IPO allotment status.
The Silver Touch Technologies IPO listing date is on Friday, December 1, 2017.
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