Trimax files draft Red Herring prospectus for IPO with SEBI
31 Jul 2013
IT infrastructure solutions and services provider Trimax IT Infrastructure & Services Ltd has filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI.
The integrated IT services company is seeking approvals for a public issue of 13,050,000 equity shares of the face value of Rs10 each through book building process, within a price band to be decided subsequently.
The issue consists of a fresh issue of 6,050,000 equity shares and offer for sale of 7,000,000 equity shares. SBI Capital Markets Limited and Anand Rathi Advisors Limited are the book running lead managers to the issue.
Under the offer for sale portion of the issue, certain shareholders such as Aditya Birla Trustee Company Pvt Ltd, trustee of Aditya Birla Private Equity Trust A/c Aditya Birla Private Equity-Fund I, BanyanTree Growth Capital LLC, Pratik Technologies Pvt Ltd, Shrey Technologies Pvt Ltd, ZP India Advisory Pvt Ltd, trustee of ZP II Trimax Co-Investment Trust and ZPII Trimax Ltd have offered equity shares aggregating to 7,000,000 equity shares.
Of the public issue, 6,525,000 equity shares will be available for allocation to Qualified Institutional Buyers (QIB), and not less than 1,957,500 equity shares and 4,567,500 equity shares, will be available for allocation to retail individual bidders and non institutional bidders.
The company proposes to use the proceeds from the fresh issue for procurement of hardware, software and other equipment and for general corporate purposes.
Trimax IT Infrastructure provides a range of IT solutions and services including IT infrastructure services and turnkey solutions (coupled with on-site support across India), data centre services and cloud computing services.
Is client includes leading public and private sector companies including Indian Oil, BHEL, BPCL, BSNL, MTNL, Bharati Airtel, the CRPF, Deloitte and NTPC among others.