Analysis and Insights into the world of IPOs and investing in India

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


Post a Comment

Blog Archive