The Hindu Business Line : Ybrant Tech files for IPO

Mumbai, Sept 28 Ybrant Technologies Ltd, a digital marketing services company, has filed its draft red herring prospectus with the SEBI for entering the capital market with its initial public offering through 100 per cent book building process.

The 35-lakh equity shares of Rs 10 each, on offer, would constitute 15.85 per cent of the fully diluted post-issue paid-up capital of the company.

Allocations

At least 60 per cent of the issue shall be allotted on a proportionate basis to qualified institutional buyers (QIBs), out of which 5 per cent shall be available for allocation on a proportionate basis to mutual funds only.

Further 10 per cent of the issue shall be available for allocation on a proportionate basis to non-institutional bidders and up to 30 per cent of the issue shall be available for allocation on a proportionate basis to retail individual bidders.

The company is considering a pre-issue placement of up to 12-lakh equity shares, in which case the issue size offered to the public would be reduced to the extent of such pre-issue placement.

Listing

The shares are proposed to be listed on the BSE and the NSE.

The book running lead managers to the issue are YES Bank and Enam Securities Private Ltd and the co-book running lead manager to the issue is Saffron Capital Advisors Private Ltd.