Nihilent Ltd - IPO

Nihilent Ltd IPO Details

Initial public offering of up to (*) equity shares of face value of rs.10 each (equity shares) of the company for cash at a price of Rs.(*) Per equity share, including a premium of Rs.(*) Per equity share, (the issue price) aggregating up to Rs.(*) Crores comprising of a fresh issue of up to (*)equity shares aggregating up to Rs.250 Crores by our company (fresh issue) and an offer for sale of up to 2,125,599 equity shares by the selling shareholder Rs. (including an offer for sale of up 1,171,219 equity shares aggregating up to Rs.(*) Crores by Vastu IT Private Limited, a member of our promoter group), (offered shares) aggregating up to Rs.(*) Crores (the offer for sale and together with the fresh issue, the issue). The issue shall constitute (*)%, of the post-issue paid-up equity share capital of the company.The price band and the minimum bid lot size will be decided by the company.The face value of the equity shares is 10 each and the issue price is (*) times the face value of the equity shares.

Objective of issue

Purchase of IT software, hardware & network equip.. Investment in Nihilent Tech. Inc, Subsid. company. Repayment of a loans availed by the company. Acquisition and other strategic initiatives. Development of new software platforms. General corporate purposes.

Nihilent Ltd Contact Details

Nihilent Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - rahul.bhandari@nihilent.com

Website - www.nihilent.com