Trimax IT Infrastructure & Services Ltd said on Wednesday that it had now filed its draft red herring prospectus, or DRHP, with the market regulator Securities and Exchange Board of India. Trimax IT Infrastructure & Services an Integrated IT services company. They are going to place a value of INR10 each share for the initial public offering.
The company said that it would offer for sale 70,00,000 equity shares. Trimax will be producing a fresh issue of about 6,050,000 for the public shares offering.
Under the proposed offer, existing shareholders of the company, including Shrey Technologies Private Ltd, BanyanTree Growth Capital LLC, and Pratik Technologies Private Ltd would offer a portion of their equity shares. Other shareholders that also offered their stake for the market debut include a trustee of Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity- Fund I and a trustee of ZP II Trimax Co-Investment Trust and ZPII Trimax Ltd. These commitments, along with any fresh issue of shares, total 70,00,000 equity shares.
6,525,000 of the shares to be offered will be allocated to qualified institutional investors. The company suggested that they are going to use the funds for the acquisition of software, hardware and other equipment useful for general corporate applications.
Join the Conversation