Tirshil Algocomm Technologies Ltd - IPO

Tirshil Algocomm Technologies Ltd IPO Details

Initial public offer of upto 10,21,200 equity shares of face value of Rs. 10/- each (Equity Shares) of the company at an issue price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating up to Rs. [*] crores (Public Issue) out of which [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating Rs. [*] crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of Rs. 10/- each, at an issue price of Rs. [*] per equity share for cash, aggregating up to Rs. [*] crores is hereinafter referred to as the Net Issue. The public issue and 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.

Objective of issue

Investment in its technology infrastructure and human resources towards development of the commodity platform of the company. Funding expenditure proposes to be incurred towards setting up of branch offices and custome care centres. Payment of securities deposit to warehousing agent for booking warehouse space for executing contraces received on the commodity platform. General corporate purposes.

Tirshil Algocomm Technologies Ltd Contact Details

Tirshil Algocomm Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@tepltrade.com

Website - www.tepltrade.com