Xelpmoc Design Tech IPO – Upcoming IPO – Xelpmoc Design and Tech Ltd
Xelpmoc Design Tech IPO: Xelpmoc Design and Tech Limited is issuing IPO (Initial Public Offering) from 23-January-2019 to 25-January-2019.
Xelpmoc Design Tech is a Bangalore-Based IT Company. It’s a 3 year old startup.
Xelmpoc Design Tech IPO Issue Details
|Issue Type||Fixed Price Issue IPO|
|Face Value||Rs 10 per Equity Share|
|Issue Price||Rs 62-66 per Equity Share (Retail Discount Rs 3)|
|Issue Size||Rs 23 Crores|
|Minimum Order||200 Shares|
Xelmpoc Design Tech IPO Issue: Object of the Issue
According to Xelpmoc Design and Tech Limited, the net proceeds of the issue are proposed to be deployed for financing the following objects:-
- Purchase of IT hardware and network equipment’s for development centres in Kolkata and Hyderabad,
- Purchase of fit-outs for new development centres in Kolkata and Hyderabad,
- Funding working capital requirements of our Company, and
- General corporate purposes.
Xelpmoc Design and Tech Limited is a professional and technical consulting service providing company which was incorporated in the year 2015 in Bengaluru, Karnataka. It offers technology services and end-to-end technology solutions and support to their clients who are ranging from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries. They are engaged in providing services including mobile and web application development, prototype development, thematic product development and data science and analytics assistance.
They have a client base of over 23 clients across four states in India. They are also intended to leverage their existing business model in India to enter newer geographies such as the Middle East, North Africa, Australia, United Kingdom, Asia Pacific and the United States. As per the last declarations, the total asset of the company Rs 246,042.65 Crores.
Promoters: Sandipan Chattopadhyay, Srinivas Koora and Jaison Jose
Address of the Company: #17, 4th Floor, Agies Building, 1st ‘A’ Cross, 5th Block, Koramangala, Bengaluru – 560 034, Karnataka, India.
Telephone: +91 80 4370 8360
Lead Manager to the Xelmpoc Design Tech IPO Issue
ITI Capital Limited (formerly known as Inga Capital Limited)
Naman Midtown, ‘A’ Wing, 21st Floor, Senapati Bapat Marg, Elphinstone (West) Mumbai – 400 013 Maharashtra, India.
Telephone: +91 22 4031 3489
Xelmpoc Design Tech IPO Issue Registrar
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032, Telangana, India.
Tel: +91 40 6716 2222
Please go through this prospectus for more detailed information.
(Read: IPO process in India Steps)
Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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