Fixed Price IPO | ₹40 Cr | Listed at NSE SME | Mon, Nov 20, 2017 - Thu, Nov 23, 2017
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 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 Open
Mon, Nov 20, 2017
IPO Close
Thu, Nov 23, 2017
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹152.40 Cr
| IPO Date | 20 to 23 Nov, 2017 |
| Listed on | Fri, Dec 1, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 per share |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,24,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 1,74,000 shares Beeline Broking Ltd. (agg. up to ₹2 Cr) |
| Offer for Sale | 31,50,000 shares of ₹10 (agg. up to ₹38 Cr) |
| Net Offered to Public | 31,50,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,25,95,000 shares |
| Share Holding Post Issue | 1,25,95,000 shares |
| NSE Symbol | SILVERTUC |
| ISIN | INE625X01018 |
Silver Touch Technologies IPO comprises a total issue size of 33,24,000 shares. The net offer to the public is 31,50,000 shares, after excluding 1,74,000 shares allotted on a firm basis. Of the Net offer 15,75,000 (50.00%) allocated to NII 15,75,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,75,000 | 50.00% | 47.38% |
| Retail Shares Offered | 15,75,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,74,000 | 5.23% | |
| Total Shares Offered | 33,24,000 | 100.00% | 100.00% |
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.
| 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 | To achieve the benefits of listing the Equity Shares on the Stock Exchange |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 18 | |
| Market Cap | ₹152.40 Cr. |
The Silver Touch IPO is subscribed [.] times on November 23, 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 |
|---|---|---|---|
| Total | [.] | 33,24,000 | 3,47,61,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including payment to intermediaries such as Lead Manager, Registrars, Legal Advisors and other out of pocket expenses, Underwriting Commission, Selling Commission and Processing Fees to SCSBs and other intermediaries, Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.41 |
| 2 | Regulatory (NSE, NSDL, CDSL) | 0.05 |
| 3 | Market Making fees (1st year) | 0.03 |
| 4 | Other miscellaneous Expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹120.00 |
| Low | ₹120.00 |
| High | ₹126.00 |
| Last Trade | ₹122.00 |
Lead Manager Reports
Silver Touch Technologies IPO is a SME IPO of 33,24,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹121 per share. The minimum order quantity is .
The IPO opens on Mon, Nov 20, 2017, and closes on Thu, Nov 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 Mon, Nov 20, 2017 and closes on Thu, Nov 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 Fri, Dec 1, 2017.
