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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 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.
| IPO Opening Date | Apr 11, 2017 |
| IPO Closing Date | Apr 17, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 to ₹81 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 1,800,000 Eq Shares of ₹10 (aggregating up to ₹14.58 Cr) |
The Panache Digilife IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹129,600 |
| Maximum | 1 | 1600 | ₹129,600 |
The Panache Digilife IPO is subscribed times on Apr 17, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Tuesday, April 25, 2017 |
| BSE Script Code | |
| NSE Symbol | PANACHE |
| Listing In | |
| ISIN | INE895W01019 |
| IPO Price | ₹81 per equity share |
| Face Value | ₹10 per equity share |
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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: http://www.bigshareonline.com
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 equity 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 1600 Shares.
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, Edelweiss, 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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