Panache Digilife IPO

Panache Digilife IPO

Panache Digilife IPO

Panache Digilife IPO

Incorporated in March 2007, Panache Digilife Limited (formerly known as Vardhaman Technology Ltd) is engaged in Information and Communication Technology manufacturing, distribution and services. The company is a turnkey manufacturer with the ability to bring customer’s original concept and ideas into series production. Panache Digilife is an ISO 9001:2008 certified company and offers various IT infrastructure products and embedded solutions. The company caters to both domestic and international markets with customers based out of Dubai, Iran, Riyadh, Sri Lanka, etc. To expand its operations, it has recently incorporated a subsidiary in Dubai. Panache Digilife is also Local Device Partner (L-OEM or Named Partner) for Microsoft and also has a Microsoft License Agreement.

Panache Digilife aims to provide cost effective electronics manufacturing solutions available while adhering to the high standards of the service, delivery and quality. It has a diverse product basket comprising of thin clients, point of sales, digital signage, education solutions, healthcare embedded – PC, ATM Kiosk, etc. Recently, Panache Digilifehas also added GPS Tracking Solutions and televisions to its product portfolio.

Promoters of Panache Digilife – Amit Rambhia and Nikit Rambhia

Panache Digilife IPO details

Subscription Dates11 - 17 Apr 2017
IPO Price bandINR75 - 81 per share
Fresh issue 1,800,000 shares (INR14.58 crore)
Offer for sale Nil
Total IPO size1,800,000 shares (INR14.58 crore)
Minimum bid (lot size)1,600 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge platform

 

Panache Digilife's financial performance (in INR crore)

 FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue23.123.724.739.549.732.4
Total expenses23.123.224.138.047.630.1
Profit after tax0.10.30.41.01.41.4

Panache Digilife IPO Subscription Details

Day

Subscription (no. of times)

Day 1 0.60
Day 2 0.78
Day 3 0.83
Day 4 2.32

Panache Digilife Contact Details

Panache Digilife Limited
Unit No. 201/B, Raheja Plaza - 1, LBS Marg
Ghatkopar (W), Mumbai – 400 086

Phone: +91 22 2500 7502
Email: compliance@panachedigilife.com
Website: www.panachedigilife.com

Valuation of Panache Digilife IPO (based on latest FY)

Earnings Per Share (EPS): INR3.29

Price/Earnings (P/E) ratio: 24.6 (at upper band)

Return on Net Worth (RONW): 32.67%

Net Asset Value (NAV): INR10.07 per share

Registrar of Panache Digilife IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
ipo@bigshareonline.com
Website: www.bigshareonline.com

Panache Digilife IPO Allotment Status

Panache Digilife IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Panache Digilife IPO

IPO Opening Date: 11 April 2017

IPO Closing Date: 17 April 2017

Finalisation of Basis of Allotment: 20 April 2017

Initiation of refunds: 21 April 2017

Transfer of shares to demat accounts: 24 April 2017

Listing Date: 25 April 2017

Listing Price on NSE SME: INR84 per share (up 3.7% from IPO price)

Closing Price on NSE SME: INR85.75 per share (up 5.8% from IPO price)

4 COMMENTS

  1. This is a growing company with well focussed management, have visited the company personally and this will be a multibagger
    in future

  2. Topline growing but profit not, something is wrong with such companies. Just look at some latest listings in sme ipos -not good at all. Dont invest your hardearned money in these bogus ipos..

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