News Details
Category : IPO
Headline : SecMark Consultancy announces launch of initial public offering
Date: 14/09/2020 12:00
SecMark Consultancy Ltd. has announced public offering of 1114000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 125.00 per share. The gross proceeds of the issue are expected to be Rs 1,503.90 lakhs.

The company's initial public offer (IPO) will open on 18 September 2020 and is expected to close on 23 September 2020, subject to customary closing conditions.

The IPO includes a fresh Issue of 1114000 Equity Shares of the Company at an price of Rs 135.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

SecMark Consultancy Ltd. anticipates using the proceeds of the issue for To finance development and/or procurement of technology, applications, software, infrastructure etc including strategic acquisitions of Firms/Companies in the technology space to complement and enhance the Company’s value proposition, To expand and retain the leadership team that will lead the Company into the next phase of growth, To acquire certain fixed assets, Repayment of bank facilities, General corporate expenses.

as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.