eDynamics Solutions Ltd - IPO

eDynamics Solutions Ltd IPO Details

Public issue of 62,40,000 equity shares of Rs. 10/- each (Equity Shares) of eDynamics Solutions Limited (EDSL or The Company or The Issuer) for cash at a price of Rs. 25/- per share (The Issue Price), aggregating to Rs. 15.60 crores (The Issue), of which 3,24,000 equity shares of Rs. 10 each will be reserved for subscription by Market Makers to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 59,16,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 28.79% and 27.30%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10/- each and the issue price is 2.5 (Two & Half) times of the face value.

Objective of issue

To augment working capital in the form of advances. Setting up new franchise / Retail store modules. Brand Building. General Corporate purposes.

eDynamics Solutions Ltd Contact Details

eDynamics Solutions Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - edynamicssolutions@yahoo.com