OFS Technologies' IPO opens on Dec 28

Chennai based technology service provider OFS Technologies Ltd (OFST) is coming out with an initial public offering of 1.70 million equity shares of Rs 10 each at a fixed price of Rs 25 per share to mobilize Rs 4.26 crore. The issue will open for subscription on December 28 and will close on December 31. Minimum application is to be made for 6,000 shares and in multiples thereon.

The issue is solely lead managed by V.B. Desai Financial Services Ltd. and Bigshare Services Pvt. Ltd. is the registrar to the issue. Post allotment, shares will be listed on Bombay Stock Exchange SME platform.