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Panache Digilife IPO is a book built issue of Rs 14.58 crores.
Panache Digilife IPO bidding started from April 11, 2017 and ended on April 17, 2017. The shares got listed on NSE SME on April 25, 2017.
Panache Digilife IPO price band is set at ₹75 to ₹81 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹129,600.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Panache Digilife IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Panache Digilife IPO RHP for detailed information.
| IPO Date | April 11, 2017 to April 17, 2017 |
| Listing Date | April 25, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹14.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
| Lot Size Calculator | |||
Incorporated in 2007, Panache Digilife Ltd formerly known as Vardhaman Technology Ltd engaged in Information and Communication Technology manufacturing, distribution and services in India and internationally.
The company offers various IT infrastructure products and embedded solutions. They have a diverse product basket comprising of thin clients, point of sales, digital signage, education solutions, healthcare embedded – PC, ATM Kiosk, etc. Recently they have also added GPS Tracking Solutions and televisions to their product portfolio.
They have customers based out of Dubai, Iran, Riyadh, Sri Lanka, etc. To expand their operations, they have recently incorporated a subsidiary in. They are also Local Device Partner (L-OEM or Named Partner) for Microsoft and also have a Microsoft License Agreement. They are authorized to procure Windows, Server & Office Licenses directly from Microsoft. They sell their devices under the brand Name ―Panache‖ with Windows OS, Windows Server & Office Licenses preloaded.
The objects of the Issue are:
1. Working Capital Requirements;
2. General Corporate Purposes.
[Dilip Davda] While company has been performing well with rising top and bottom lines, its trade receivables too were surging that remains major concern. Risk savvy cash surplus investors may consider investment. Read detail review...
The Panache Digilife IPO is subscribed times on April 17, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | April 25, 2017 |
| BSE Script Code | |
| NSE Symbol | PANACHE |
| ISIN | INE895W01019 |
| Final Issue Price | ₹81 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹81.00 |
| ₹84.00 |
| ₹84.00 |
| ₹86.80 |
| ₹85.75 |
Panache Digilife Ltd
Unit No. 201/B, Raheja Plaza-1,
L.B.S. Marg, Ghatkopar (West),
Mumbai - 400 086
Phone: +91 22-25007502
Email: compliance@panachedigilife.com
Website: http://www.panachedigilife.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Panache Digilife IPO is a SME IPO of 1,800,000 equity shares of the face value of ₹10 aggregating up to ₹14.58 Crores. The issue is priced at ₹75 to ₹81 per share. The minimum order quantity is 1600 Shares.
The IPO opens on April 11, 2017, and closes on April 17, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Panache Digilife IPO opens on April 11, 2017 and closes on April 17, 2017.
Panache Digilife IPO lot size is 1600 Shares, and the minimum amount required is ₹129,600.
You can apply in Panache Digilife IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Panache Digilife IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Panache Digilife IPO allotment status.
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RHP
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Top Contributor (500+ Posts, 100+ Likes)
IPOANALYSIS| Link | Bookmark |April 21, 2017 3:15:52 PMTHE ONLY THING POSITIVE IS PANTHOMATH EXCEPT THAT DIDN''T FIND ANY REASON TO APPLY
EXPENSIVE P/E, VISIBILITY GROWTH. HENCE GIVEN IT A MISS