Cogent E-Services gets nod for IPO

NEW DELHI: Cogent E-Services has received capital markets regulator Sebi’s go-ahead to raise funds through an Initial Public Offering (IPO). The initial share-sale comprises fresh issue of equity shares aggregating up to 150 crore and an offer for sale of up to 9.5 million equity shares by promoters, according to the draft red herring prospectus.

Cogent E-Services, which filed its IPO papers with Sebi in February, obtained observations on May 23, an update with the regulator showed on Monday. Cogent is an end-to-end customer experience solutions provider.