Share the post "IPO Launch: Cigniti Technologies’s Takeover on 29-10-2024!"
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, transitioning into a publicly traded entity. This event allows the company to raise capital from a broader investor base, enhancing its growth potential. An IPO typically involves extensive regulatory scrutiny and is often seen as a significant milestone in a company’s development. Cigniti Technologies IPO of Takeover type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 29 Oct 2024 to 12 Nov 2024 , with a market lot of 1 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | CIGNITI TECHNOLOGIES LTD |
|---|---|
| Offer Price () | 1415.00 |
| Face Value | 10.00 |
| Type Of Issue | Takeover |
| Issue Status | Forthcoming |
| Scripname | CIGNITI TECHNOLOGIES LTD |
| Security Type | Equity |
| Symbol | CIGNITITEC |
| Issue Type | Takeover |
| Issue Period | 29 Oct 2024 to 12 Nov 2024 |
| Tick Price | 0.05 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 71,62,210 |
| Minimum Offer Quantity | |
| Maximum Offer Quantity | 71,62,210 |
| Floor Price/Offer Price | 1,415.00 |
| Indicative Price | |
| Cummulative Bid Quantity | – |
| Name Of Acquirer(s)/Company | Coforge Limited (“Acquirer ”) along with Coforge Pte Ltd (“PAC ”) |
| Buyer Member | IIFL Securities Ltd |
| Book Running Lead Manager | IIFL Securities Limited |
| Registrar | LINK INTIME INDIA PRIVATE LIMITED |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of Cigniti Technologies Limited |
Cigniti Technologies IPO opens on 29-10-2024, and closes on 12-11-2024
| Start Date | 29-10-2024 |
|---|---|
| End Date | 12-11-2024 |
| Issue Period | 29 Oct 2024 to 12 Nov 2024 |
