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.

Objects of the Issue

The objects of the Issue are:

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

Panache Digilife IPO Details

IPO Date Apr 11, 2017 to Apr 17, 2017
Listing Date Tuesday, April 25, 2017
Face Value ₹10 per share
Price ₹75 to ₹81 per share
Lot Size 1600 Shares
Issue Size1,800,000 shares of ₹10
(aggregating up to ₹14.58 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Amit Rambhia
2. Nikit Rambhia

Panache Digilife IPO Lot Size

The Panache Digilife IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹129,600).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹129,600
Retail (Max) 1 1600 ₹129,600

Panache Digilife IPO Review

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...

Panache Digilife IPO Subscription Status (Bidding Detail)

The Panache Digilife IPO is subscribed times on Apr 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)

CategorySubscription (times)

Panache Digilife IPO Prospectus

Panache Digilife IPO Rating

Rating:Rated 3.3 stars
Vote Here ...

Panache Digilife IPO Listing Date

Listing Date Tuesday, April 25, 2017
BSE Script Code
Listing In
ISIN INE895W01019
IPO Price ₹81 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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
Email: compliance@panachedigilife.com
Website: http://www.panachedigilife.com

Panache Digilife IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Panache Digilife IPO Review

Panache Digilife IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

IPO Broker Recommendations

SME IPO Enquiry

Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form

Panache Digilife IPO FAQs

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 Apr 11, 2017, and closes on Apr 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 Apr 11, 2017 and closes on Apr 17, 2017.

Panache Digilife IPO lot size is 1600 Shares and the minimum order quantity is .

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.

The Panache Digilife IPO listing date is on Tuesday, April 25, 2017.
Open an Instant Account with Zerodha

Panache Digilife IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



31. IPOANALYSIS |   Link |Apr 21, 2017 4:15:52 PM


31.5. IPOANALYSIS |   Link |Apr 22, 2017 6:31:57 PM
Hold on to them. Laxmi cotspin and nitiraj .
31.6. parker |   Link |Apr 28, 2017 2:04:44 PM
you gonna really miss this ipo,
what is your analysis ?
almost 25 % return given,
request you to plz don''t create atmosphere of fear..........
30. Jo |   Link |Apr 25, 2017 11:11:00 AM
Congo to all Kachhi Madu Who alloted PANACHE.... GALA..SOMAYA
30.2. Jo |   Link |Apr 25, 2017 4:50:47 PM
i got 2 sold at 85.60
30.3. times |   Link |Apr 26, 2017 2:23:35 PM
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.
29. SONMAYA |   Link |Apr 24, 2017 7:02:08 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
dear gala remove second. thought from yr mind apply..zota..u r right no brainers !!!!!
29.1. gala |   Link |Apr 25, 2017 6:32:22 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
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 ....
28. parker |   Link |Apr 24, 2017 6:14:19 PM
listing date ??
28.1. SONMAYA |   Link |Apr 24, 2017 6:56:36 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
27. Peruma |   Link |Apr 23, 2017 11:47:15 AM
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?
26. CA HITESH SHAH |   Link |Apr 21, 2017 12:42:50 PM
26.1. NPT |   Link |Apr 21, 2017 1:17:39 PM (200+ Posts, 300+ Likes)
All the best to the allottees.
26.2. NEERAJ GOYAL |   Link |Apr 21, 2017 3:20:32 PM
Please send link.
I unable to find at that site.
25. anoop goyal |   Link |Apr 21, 2017 2:37:08 PM
what is current GMP
24. BhargavDudani |   Link |Apr 21, 2017 11:15:19 AM
What about allotment ??
24.1. NPT |   Link |Apr 21, 2017 11:38:29 AM (200+ Posts, 300+ Likes)
Expected today.
23. Peruma |   Link |Apr 21, 2017 10:06:57 AM
Any idea about Allotment & listing dates?
22. CHOCKALINGAM |   Link |Apr 17, 2017 3:33:11 PM
Any update on PANACHE about subscription details.?
22.1. NPT |   Link |Apr 17, 2017 6:04:36 PM (200+ Posts, 300+ Likes)
Total subscriptions 41lacs+.
Retail almost two times.
Listing expected on 25th April.
All the best.
21. Anesh K Vyaas |   Link |Apr 17, 2017 11:17:20 AM
What can be the premium at the time of listing? and what is the current premium in the grey market?
20. jagadish abbigeri |   Link |Apr 15, 2017 6:32:22 PM
Any Gmp in Panache ?
19. bk kothari |   Link |Apr 15, 2017 5:01:52 PM
is this strong company any idea about turnover and balance sheet of 5 years
19.1. Viraj. |   Link |Apr 16, 2017 2:24:32 AM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
Panache Digilife IPO Prospectus box me
Rhp click now
18. Jain vivek |   Link |Apr 15, 2017 2:06:50 PM
No grey market activity in this sme
17. jagadish abbigeri |   Link |Apr 15, 2017 1:26:48 PM
Panache GMP?
16. jagadish abbigeri |   Link |Apr 15, 2017 1:26:46 PM
Panache GMP?
15. times |   Link |Apr 14, 2017 3:30:37 PM
Can anyone please recommend any good broker who allows both buying and selling SME IPO shares online?
15.1. PK Panwar |   Link |Apr 15, 2017 6:48:12 AM
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
15.2. CA nkn |   Link |Apr 15, 2017 1:16:51 PM
sharekhan goood
14. times |   Link |Apr 14, 2017 10:57:38 AM
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
14.5. times |   Link |Apr 14, 2017 12:26:35 PM
Thanks CLD.
Can you please recommend any broker who allows both buying and selling SME IPO online?

14.6. KAMMA SIVA RAMA KRISHNA |   Link |Apr 14, 2017 12:44:38 PM
IPO Mentor IPO Mentor (600+ Posts, 800+ Likes)
13. PINAKIN D SHAH |   Link |Apr 13, 2017 8:36:17 PM
Any good sme IPO nearby
12. CA nkn |   Link |Apr 12, 2017 11:48:57 AM
Issue Open 25/04/2017 --- Issue Close 28/04/2017
Price not final yet.....
12.1. Dinesh Analyst |   Link |Apr 12, 2017 3:47:33 PM
IPO Update


Issue Open 25/04/2017

Issue Close 28/04/2017

Price :- 121-125

Share Lot :- 1000

Amount :- 1,25,000/-

Issue Size: Rs.58 Crore (Biggest SME IPO)

List on NSE Emerge
12.2. Dinesh Analyst |   Link |Apr 12, 2017 3:48:33 PM


Price :- 121-125

Share Lot :- 1000

Amount :- 1,25,000/-

Issue Size: Rs.58 Crore (Biggest SME IPO)