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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
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Panache Digilife IPO details |
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| Subscription Dates | 11 – 17 Apr 2017 |
| IPO Price band | INR75 – 81 per share |
| Fresh issue | 1,800,000 shares (INR14.58 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,800,000 shares (INR14.58 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
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Panache Digilife’s financial performance (in INR crore) |
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| Â FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | |
| Total revenue | 23.1 | 23.7 | 24.7 | 39.5 | 49.7 | 32.4 |
| Total expenses | 23.1 | 23.2 | 24.1 | 38.0 | 47.6 | 30.1 |
| Profit after tax | 0.1 | 0.3 | 0.4 | 1.0 | 1.4 | 1.4 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.60 |
| Day 2 | Â 0.78 |
| Day 3 | Â 0.83 |
| Day 4 | Â 2.32 |
Panache Digilife Limited
Unit No. 201/B, Raheja Plaza – 1, LBS Marg
Ghatkopar (W), Mumbai – 400 086
Phone:Â +91 22Â 2500 7502
Email: [email protected]
Website:Â www.panachedigilife.com
Earnings Per Share (EPS): INR3.29
Price/Earnings (P/E) ratio: 24.6 (at upper band)
Return on Net Worth (RONW):Â 32.67%
Net Asset Value (NAV): INR10.07 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5201
Email: [email protected]
Website: www.bigshareonline.com
Panache Digilife IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.
IPO Opening Date: 11Â April 2017
IPO Closing Date: 17Â April 2017
Finalisation of Basis of Allotment:Â 20 April 2017
Initiation of refunds: 21 April 2017
Transfer of shares to demat accounts: 24Â April 2017
Listing Date: 25Â April 2017
Listing Price on NSE SME: INR84Â per share (up 3.7% from IPO price)
Closing Price on NSE SME: INR85.75 per share (up 5.8% from IPO price)
profit margin improve better and better on yearly basis interesting issue this will be multibeggat in coming days
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..
This is a growing company with well focussed management, have visited the company personally and this will be a multibagger
in future
Listing tommorrow. Circuit is 10% be ready for freeze