Thursday, December 24, 2015

OFS Technologies IPO opens on Monday

OFS Technologies plans to list on the BSE SME platform with its initial public offer of 17.04 lakh equity shares at a fixed price of Rs.25 per share. It will mobilise Rs.4.26 crore.

Of the total offering, 96,000 equity shares have been reserved for market makers. The issue will open for subscription from December 28-31. Investors have to buy a minimum 6,000 shares an application. Post issue, OFS Technologies’ paid-up equity capital will be enhanced to Rs.6.41 crore from Rs.4.71 crore. The company provides technology service including software product development, maintenance, etc. It earned a net profit of Rs.56 lakh on a turnover of Rs.2.41 crore in Q1.

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