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 â€“ 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 â€•Panacheâ€– with Windows OS, Windows Server & Office Licenses preloaded.
The promoters of the company are:
1. Amit Rambhia
2. Nikit Rambhia
The objects of the Issue are:
1. Working Capital Requirements;
2. General Corporate Purposes.
»» 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
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Apr 11, 2017 17:00 IST||0||1,059,200||25,600||1,084,800|
|Day 2 - Apr 12, 2017 17:00 IST||0||1,316,800||88,000||1,404,800|
|Day 3 - Apr 13, 2017 17:00 IST||0||1,380,800||120,000||1,500,800|
|Day 4 - Apr 17, 2017 17:00 IST||14,400||1,886,400||2,273,600||4,174,400|
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