Trimax IT Infrastructure files DRHP with SEBI for IPO

MUMBAI: Trimax IT Infrastructure & Services Limited has filed a draft red herring prospectus ( DRHP) with the Securities and Exchange Board of India ( SEBI) for an initial public offering ( IPO) of 11,977,000 equity shares of face value of Rs 10 each for cash at a price to be decided through the book-building process.

The issue comprises a fresh issue of 9,585,658 equity shares and an offer for sale of 2,391,342 equity shares by selling shareholder, BanyanTree Growth Capital LLC. The issue shall constitute 25.07 per cent of the post-issue paid-up capital of the company.

The price band and the minimum bid lot size will be decided by the company and the selling shareholder in consultation with the Book Running Lead Managers (BRLMs).

The equity shares offered in the issue are proposed to be listed on National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).

Trimax IT Infrastructure & Services provides cloud computing services, data centre services, IT infrastructure solutions and services and turnkey solutions coupled with on-site support across India.