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Panache Digilife Ltd IPO (Panache Digilife IPO) Detail

Apr 11, 2017 - Apr 17, 2017

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.

Company Promoters:

The promoters of the company are:

1. Amit Rambhia
2. Nikit Rambhia

Objects of the Issue:

The objects of the Issue are:

1. Working Capital Requirements;
2. General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Apr 11, 2017 - Apr 17, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 1,800,000 Equity Shares of Rs 10 aggregating up to Rs 14.58 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 75 - Rs 81 Per Equity Share
  »»  Market Lot: 1600 Shares
  »»  Minimum Order Quantity: 1600 Shares
  »»  Listing At: NSE SME

Panache Digilife IPO Reviews:

  1. Panache Digilife Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Apr 11, 2017 17:00 IST01059200256001084800
Day 2 - Apr 12, 2017 17:00 IST01316800880001404800
Day 3 - Apr 13, 2017 17:00 IST013808001200001500800
Day 4 - Apr 17, 2017 17:00 IST14400188640022736004174400

Panache Digilife IPO Prospectus

Panache Digilife IPO Rating

69
3.3
Rating:Rated 3.3 stars

Vote Here ...

Panache Digilife IPO Listing Date

  •   ›  Listing Date: Tuesday, April 25, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: PANACHE
  •   ›  Listing In:
  •   ›  ISIN: INE895W01019
  •   ›  Issue Price: Rs 81 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

NSE SME
Issue Price:Rs 81.00
Open:Rs 84.00
Low:Rs 84.00
High:Rs 86.80
Last Trade:Rs 85.75
Volume:723,200

Panache Digilife IPO News Alerts

  1. Tuesday, April 25, 2017 12:00:00 AM
    Panache Digilife Ltd IPO - Listing
  2. Monday, April 17, 2017 12:00:00 AM
    Panache Digilife Ltd IPO - Close
  3. Tuesday, April 11, 2017 12:00:00 AM
    Panache Digilife Ltd IPO - Open

Company Contact Information

Panache Digilife Ltd
Unit No. 201/B, Raheja Plaza-1,
L.B.S. Marg, Ghatkopar (West),
Mumbai - 400 086
Phone: +91 22-25007502
Fax: +91 22-25007502
Email: compliance@panachedigilife.com
Website: http://www.panachedigilife.com

Panache Digilife IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Panache Digilife IPO Lead Manager(s)

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Panache Digilife IPO Review / Comments

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31. IPOANALYSIS  Apr 21, 2017 3:15:52 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
DID NOT LIKE BUSINESS MODEL OF THIS COMPANY SO DIDN''T APPLIED. ITS MORE INTO DISTRIBUTION

THE ONLY THING POSITIVE IS PANTHOMATH EXCEPT THAT DIDN''T FIND ANY REASON TO APPLY

EXPENSIVE P/E, VISIBILITY GROWTH. HENCE GIVEN IT A MISS
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31.5. IPOANALYSIS  Apr 22, 2017 5:31:57 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Hold on to them. Laxmi cotspin and nitiraj .
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31.6. parker  Apr 28, 2017 1:04:44 PM IST I Like It. 2 | Report Abuse
you gonna really miss this ipo,
what is your analysis ?
almost 25 % return given,
request you to plz don''t create atmosphere of fear..........
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30. Jo  Apr 25, 2017 10:11:00 AM IST I Like It. | Report Abuse Reply
Congo to all Kachhi Madu Who alloted PANACHE.... GALA..SOMAYA
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30.2. Jo  Apr 25, 2017 3:50:47 PM IST I Like It. | Report Abuse
i got 2 sold at 85.60
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30.3. times  Apr 26, 2017 1:23:35 PM IST I Like It. | Report Abuse
I have never applied for SME IPO, But want to do so. However, my broker icicidirect informed that I cannot sell SME shares using icicidirect. Also, inquired at Kotak securities and they also donot support selling of SME IPO shares online.

Curious to know, how do you guys sell SME IPOs? Is there any online broker for the same?
Please share so that I can also start trading in SME IPOs.

Thanks in advance.
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29. SONMAYA  Apr 24, 2017 6:02:08 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts)
dear gala remove second. thought from yr mind apply..zota..u r right no brainers !!!!!
avatar
29.1. gala  Apr 25, 2017 5:32:22 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Aanje MOH Mai ghee sakar sonmaya Bhai ..... Sonmaya Bhai I refrain to give contact number in public ..... Rather if u wish to talk to me personally m always there on board ....
avatar
28. parker  Apr 24, 2017 5:14:19 PM IST I Like It. | Report Abuse Reply
listing date ??
plz
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28.1. SONMAYA  Apr 24, 2017 5:56:36 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
tommorow...
avatar
27. gala  Apr 8, 2017 7:05:42 PM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Only take your decision seeing subscription data ....... It is a average issue. ......
Disclaimer - I will apply given personal interest as promoter is a kutchchi
avatar
27.18. gala  Apr 23, 2017 12:28:23 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Not happy with the valuation it has come ..... Still I have not decided yet will update once the issue opens
avatar
27.19. gala  Apr 24, 2017 9:16:44 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
How can I frgt Zota is a Surat based company ..... And wen u have sme company frm Gujarat it is a no brainers apply see airan sikko ......
Though see QIB HNI subscription and thn apply
Disclaimer -- if I apply and m allotted I will end the position on the listing day itself given fundamentals are stretched final call once issue opens
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26. Peruma  Apr 23, 2017 10:47:15 AM IST I Like It. | Report Abuse Reply
I havenoticied many of the SME Lot''s quantity is reduced to half when the share price goes high.
Any idea when the quantity of a lot will be reduced to half of the quantity?




Is the upper circuit 20% for first 3 days and then 10% from 4th day of listing?
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25. CA HITESH SHAH  Apr 21, 2017 11:42:50 AM IST I Like It. | Report Abuse Reply
ALLOTMENT IS OUT. PLS.CHECK BIGSHARE SITE.
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25.1. NPT  Apr 21, 2017 12:17:39 PM IST I Like It. | Report Abuse
All the best to the allottees.
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25.2. NEERAJ GOYAL  Apr 21, 2017 2:20:32 PM IST I Like It. | Report Abuse
Please send link.
I unable to find at that site.
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24. anoop goyal  Apr 21, 2017 1:37:08 PM IST I Like It. | Report Abuse Reply
what is current GMP
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23. BhargavDudani  Apr 21, 2017 10:15:19 AM IST I Like It. | Report Abuse Reply
What about allotment ??
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23.1. NPT  Apr 21, 2017 10:38:29 AM IST I Like It. | Report Abuse
Expected today.
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22. Peruma  Apr 21, 2017 9:06:57 AM IST I Like It. | Report Abuse Reply
Any idea about Allotment & listing dates?
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21. CHOCKALINGAM  Apr 17, 2017 2:33:11 PM IST I Like It. | Report Abuse Reply
Any update on PANACHE about subscription details.?
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21.1. NPT  Apr 17, 2017 5:04:36 PM IST I Like It. | Report Abuse
Total subscriptions 41lacs+.
Retail almost two times.
Listing expected on 25th April.
All the best.
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20. Anesh K Vyaas  Apr 17, 2017 10:17:20 AM IST I Like It. | Report Abuse Reply
What can be the premium at the time of listing? and what is the current premium in the grey market?
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19. jagadish abbigeri  Apr 15, 2017 5:32:22 PM IST I Like It. | Report Abuse Reply
Any Gmp in Panache ?
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18. bk kothari  Apr 15, 2017 4:01:52 PM IST I Like It. | Report Abuse Reply
is this strong company any idea about turnover and balance sheet of 5 years
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18.1. Viraj.  Apr 16, 2017 1:24:32 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Panache Digilife IPO Prospectus box me
Rhp click now
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17. Jain vivek  Apr 15, 2017 1:06:50 PM IST I Like It. 1 | Report Abuse Reply
No grey market activity in this sme
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16. jagadish abbigeri  Apr 15, 2017 12:26:48 PM IST I Like It. | Report Abuse Reply
Panache GMP?
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15. jagadish abbigeri  Apr 15, 2017 12:26:46 PM IST I Like It. | Report Abuse Reply
Panache GMP?
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14. times  Apr 14, 2017 2:30:37 PM IST I Like It. 1 | Report Abuse Reply
Can anyone please recommend any good broker who allows both buying and selling SME IPO shares online?
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14.1. PK Panwar  Apr 15, 2017 5:48:12 AM IST I Like It. | Report Abuse
Log in to your Internet banking and apply on line, on allotment the same will be credited in you demat account and amount will be debited from your bank account . On the day of its enlistment you can sell or buy the same in lots (not in retail) through your demat account.
Mr Pradeep Kumar
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14.2. CA nkn  Apr 15, 2017 12:16:51 PM IST I Like It. 3 | Report Abuse
sharekhan goood
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13. times  Apr 14, 2017 9:57:38 AM IST I Like It. | Report Abuse Reply
If I apply for sme ipo through saving bank online account say SBI online, then, Can we sell also through online sbii only? Or how to sell SME ipo shares online? Thanks
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13.5. times  Apr 14, 2017 11:26:35 AM IST I Like It. | Report Abuse
Thanks CLD.
Can you please recommend any broker who allows both buying and selling SME IPO online?

Regards,
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13.6. KAMMA SIVA RAMA KRISHNA  Apr 14, 2017 11:44:38 AM IST I Like It. | Report Abuse
CLD SIR, THANK YOU FOR YOUR KIND CLARIFICATION AND SUGGESTION.
avatar
12. PINAKIN D SHAH  Apr 13, 2017 7:36:17 PM IST I Like It. | Report Abuse Reply
Any good sme IPO nearby
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