Shares of Xelpmoc Design and Tech, a professional and technical consulting services company, will list on the bourses on February 4, Monday.
This will be the first main-board IPO for the year.The public offer, which was opened for subscription from January 23 to January 25, was oversubscribed 3.25 times.
The company had fixed a price band of Rs 62-Rs 66 per equity share.The total size of the IPO aggregated to Rs 23 crore.
The company had also offered a discount of Rs 3 on the issue price to retail investors.The shares of the company will be listed on NSE and BSE.
ITI Capital was the Book Running Lead Manager to the Issue.
The Registrar to the Issue was Karvy Fintech.Xelpmoc Design had earlier proposed to utilise IPO proceeds for the purchase of IT hardware and network equipments for development centers in Kolkata and Hyderabad, purchase of fit outs for new development centers in Kolkata and Hyderabad, funding the working capital requirements of the company and for general corporate purposes.