Rs 10-cr private placement issue also on the cards
Four Soft, a city-based supply chain management software solutions provider is planning for an initial public offer (IPO) of 15 lakh equity shares at a tentative price of Rs 100 per share to raise about Rs 15 crore.
However, the exact price will be decided shortly in consultation with the lead managers to the issue, UTI Securities and Centrum Finance. The issue is expected to open for subscription in July this year.
The company also plans to raise another Rs 10 crore through a private placement offer to its customers and strategic partners.
Announcing this at a press conference here today, Palem Srikanth, the managing director of the company said that the issue proceeds would be utilised to enhance the company's international marketing network in Asia-Pacific, Europe and US, business processes, infrastructure, product development and to increase its global sales network.
