Business description from prospectus – Silver Touch Technologies offers information technology solutions into multiple areas like System integration and Software Development.
The company is providing all end-to-end Information and Communication Technology (ICT) solutions to its clients under a single umbrella. Initially, the primary functional areas were restricted to computer sales and maintenance.
Building through a path of more than two decades, presently Silver Touch is offering a variety of services in the field of Information Technology solutions to its clients. The Company has carried out several domestic and international Joint Ventures which have enabled it to expand its geographical reach and create diverse clientele. The company has executed various projects in India and other countries including USA, UK, France, Australia, Middle East and Germany.
Promoters of Silver Touch Technologies – Mr Vipul H Thakkar, Mr Jignesh A Patel, Mr Minesh V Doshi and Mr Palak V Shah
Silver Touch Technologies IPO details
|Subscription Dates||20 – 23 November 2017|
|IPO Price band||INR121 per share|
|Offer for sale||3,324,000 shares (INR40.22 crore)|
|Total IPO size||3,324,000 shares (INR40.22 crore)|
|Minimum bid (lot size)||1,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge SME platform|
|Silver Touch Technologies’ consolidated financial performance (in INR crore)|
|Profit after tax||4.6||6.0||2.1||3.0||4.2||2.3|
Silver Touch Technologies Limited
2nd Floor, Saffron
हिंदी IPO Review Silver Touch Technologies
Panchwati Circle, Ambawadi
Ahmedabad – 380 006
Phone: +91 79 2656 3158
Subscription (no. of times)
Earnings Per Share (EPS): INR3.62
Price/Earnings (P/E) ratio: 33.42
Return on Net Worth (RONW): 10.60%
Net Asset Value (NAV): INR34.15 per share
Link Intime India Private Limited
C-101, 247 Park, L.B.S.
Vikhroli (West), Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Silver Touch Technologies IPO allotment status is now available on Link Intime’s website.
Click on this link to get allotment status.
IPO Opening Date: 20 November 2017
IPO Closing Date: 23 November 2017
Listing Date: 1 December 2017
Listing Price on NSE SME: INR120 per share (down 0.8% from IPO price)
Closing Price on NSE SME: INR122 per share (up 0.8% from IPO price)