HCIN Network Ltd - IPO

HCIN Network Ltd IPO Details

Initial public issue of upto 55,00,000 equity shares of face value of Rs.10/- each of hcin network limited (hcin or the company or the issuer) for cash at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share (the issue price) aggregating to Rs.[*] crores (the issue), of which [*] equity shares of face value of Rs.10/- each for cash at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs.[*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. net issue of [*] equity shares of face value of Rs.10/- each at a price of Rs.[*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs.[*] crores is herein after referred to as the net issue. The issue and the net issue will constitute [*]% and [*]%, respectively, of the post issue paid up equity share capital of the company.The price band and the minimum bid lot will be decided by the company in consultation with the brlm.

Objective of issue

Setting up of New Units Data Centers and point of presence (PoPs). To meet incremental working capital requirements. Full or paer repayment and or prepayment of loan. General corporate purposes.

HCIN Network Ltd Contact Details

HCIN Network Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@hicomindia.com

Website - www.hicomindia.in