Cogent E-Services IPO: According to the draft red herring prospectus, fresh shares up to Rs 150 crore will be issued under the IPO of Cogent E-Services.
Cogent E-Services IPO: Cogent E-Services Ltd is going to bring its IPO soon. The company has filed a draft paper with the market regulator SEBI for this. According to the draft red herring prospectus, fresh shares up to Rs 150 crore will be issued under this IPO. At the same time, 994.68 lakh equity shares will be sold by the promoters of the company under the offer for sale (OFS).
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IPO related details
The company may consider private placement of equity shares up to Rs 30 crore. If such a pre-IPO placement is done, the size of the fresh issue will be reduced. The proceeds from the IPO will be used to finance the expansion of the company and investment in IT assets for existing IT infrastructure, working capital requirements and general corporate purposes.
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Know about the company
- Cogent is an end-to-end customer experience or CX solution provider.
- It provides omnichannel solutions with different customer interaction touchpoints for customer sales and through voice and non-voice channels, back office solutions and transformative services and digital marketing.
- The company’s clients are spread across more than 10 industries including banking and financial services and e-commerce.
- DAM Capital Advisors and IIFL Securities is the book running lead manager of the issue.
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