Trimax IT Infrastructure plans IPO, files DRHP with SEBI
Information Technology services company Trimax IT Infrastructure & Services Ltd filed a draft red herring prospectus (DRHP) withSebi for a public issueof 13.05 lakh equity shares of Rs 10 face value.
July 31, 2013 / 16:39 IST
Integrated IT services company, Trimax IT Infrastructure & Services Ltd today said it has filed the draft red herring prospectus (DRHP) with market regulator SEBI for a public issue of 13.05 lakh equity shares of the face value of Rs 10 each through book building process.
The company proposes to make fresh issue of 6.05 lakh equity shares and offer for sale of 70 lakh equity shares, a statement issued here said.Also read: HyperCity to stop consumer durables sales, resize storesUnder the offer for sale portion of the issue, certain shareholders of the company, including Aditya Birla Trustee Company Private Ltd, trustee of Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity- Fund I, BanyanTree Growth Capital LLC, Pratik Technologies Private Ltd and Shrey Technologies, have offered equity shares aggregating to 70 lakh equity shares.Of the public issue, 6.52 lakh equity shares will be available for allocation to qualified institutional buyers. The company proposes to use the proceeds from the fresh issue for procurement of hardware, software and other equipment and for general corporate purposes, the release said.The company is engaged in providing a wide range of IT solutions and services including IT infrastructure services and turnkey solutions (coupled with on-site support across India), data centre services and cloud computing services. SBI Capital Markets and Anand Rathi Advisors are the book running lead managers to the issue. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
