Cogent E-Services files draft papers with Sebi to mop-up funds via IPO; Top points investors must know

Cogent E-Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

There are certain things that the investors must know about the IPO. These are as follows: 

1) Amount to raise: The initial share-sale comprises fresh issue of equity shares aggregating up to Rs 150 crore.

2) Offer details: There is an offer for sale of up to 994.68 lakh equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP). 

3) Issue size: The company may consider a private placement of equity shares aggregating up to Rs 30 crore. If such pre-IPO placement is undertaken, the fresh issue size will be reduced.

4) Purpose of the IPO: Funds raised from fresh issue will be used for funding investment in IT assets for expansion and existing IT infrastructure of the company, support working capital requirements and general corporate purposes.

5) About the company: Cogent is an end-to-end customer experience or CX solutions provider offering omnichannel solutions along various customer interaction touchpoints from customer sales and support through voice and non-voice channels, back office solutions and transformative services and digital marketing.

6) Diversity of the company: The company's clients are diversified across more than 10 industry verticals including banking and financial services and e-commerce.

7) Book Running Lead Manager and registrar: DAM Capital Advisors and IIFL Securities are the book running lead managers to the issue.

(With inputs from PTI)