EverestIMS Technologies Ltd. has announced public offering of 5700800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 75.00 per share. The gross proceeds of the issue are expected to be Rs 4,845.68 lakhs.
The company's initial public offer (IPO) will open on 29 September 2026 and is expected to close on 05 October 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-85.00 per share.
The IPO includes a fresh Issue of 5700800 Equity Shares of the Company at an price of Rs 85.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
EverestIMS Technologies Ltd. anticipates using the proceeds of the issue for ) Purchase of IT hardware for setting up of Artificial Intelligence (AI) Innovation and Experience Laboratory) Funding of Working Capital Requirement) General corporate purposes.
Oneview Corporate Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.