The Panache Digilife IPO is a Rs 14.58 crore book-built issuance. Bidding for Panache Digilife’s initial public offering (IPO) began on April 11, 2017 and finished on April 17, 2017. On April 25, 2017, the shares were listed on the NSE SME. The Panache Digilife IPO pricing range is $75 to 81 per share. An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum commitment of $129,600.
Panache Digilife Ltd, formerly known as Vardhaman Technology Ltd, was founded in 2007 and is involved in information and communication technology manufacture, distribution, and services in India and globally. The company provides a wide range of IT infrastructure products and embedded solutions. They offer a comprehensive product portfolio that includes thin clients, point of sale, digital signage, education solutions, healthcare embedded – PC, ATM Kiosk, and so on. They have recently expanded their product portfolio to include GPS
Tracking Solutions and televisions. Customers come from Dubai, Iran, Riyadh, Sri Lanka, and other places. They just established a subsidiary in order to expand their business. They are also a Microsoft Local Device Partner (L-OEM or Named Partner) and have a Microsoft Licence Agreement.
They have the authority to obtain Windows, Server, and Office licences directly from Microsoft. They sell their devices under the brand name Panache, with preloaded Windows OS, Windows Server, and Office licences.
Panache Digilife IPO Details
| IPO Date | April 11, 2017 to April 17, 2017 |
| Listing Date | April 25, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹81 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,800,000 shares (aggregating up to ₹14.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Panache Digilife IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹129,600 |
| Retail (Max) | 1 | 1600 | ₹129,600 |
Objects of the Issue (Panache Digilife IPO Objectives)
The objects of the Issue are:
- Working Capital Requirements;
- General Corporate Purposes.
Panache Digilife IPO Listing Details
| Listing Date | April 25, 2017 |
| BSE Script Code | |
| NSE Symbol | PANACHE |
| ISIN | INE895W01019 |
| Final Issue Price | ₹81 per share |
Panache Digilife Listing Day Trading Information
| Price Details | NSE SME |
| Final Issue Price | ₹81.00 |
| Open | ₹84.00 |
| Low | ₹84.00 |
| High | ₹86.80 |
| Last Trade | ₹85.75 |
Panache Digilife Ltd Contact Details
Panache Digilife Ltd
Unit No. 201/B, Raheja Plaza-1,
L.B.S. Marg, Ghatkopar (West),
Mumbai – 400 086
Phone: +91 22-25007502
Email: [email protected]
Website: http://www.panachedigilife.com
Panache Digilife IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Panache Digilife IPO FAQs
Q1. What is Panache Digilife IPO?
Ans. 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 April 11, 2017, and closes on April 17, 2017.
Q2. When Panache Digilife IPO will open?
Ans. The Panache Digilife IPO opens on April 11, 2017 and closes on April 17, 2017.
Q3. What is the lot size of Panache Digilife IPO?
Ans. Panache Digilife IPO lot size is 1600 Shares, and the minimum amount required is ₹129,600.
Q4. When is Panache Digilife IPO listing date?
Ans. The Panache Digilife IPO listing date is on April 25, 2017.
