Polaris Consulting OFS receives hearty subscription - Indian IPO Blog

Saturday, December 10, 2016

Polaris Consulting OFS receives hearty subscription

The Offer for Sale (OFS) of IT player Polaris Consulting Software received a rather welcoming response from the investors.

The offer, which was open for general investors on 8-Dec-2016 and for retail investors on 9-Dec-2016, was subscribed 3 times according to NSE website. The OFS was consisting of 377,200 equity shares offered at a floor price of Rs.130/- per equity share

The cut-off price determined on the first day of OFS (08-Dec-2016) on the basis of bids received in the general category was Rs.138/-. Polaris Consulting & Services Limited, formerly Polaris FT, is a provider of financial technology products, legacy modernization services and consulting for core banking, corporate banking, wealth & asset management and insurance

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