Cogent e-services files draft documents with Sebi to mop up funds via IPO

Cogent e-services Ltd has filed preliminary documents with capital markets regulator Sebi to raise funds through an initial public offering (IPO).

The initial share sale includes a new issue of capital shares aggregating up to Rs 150 crore and an offer for sale of up to 994.68 lakh capital shares by promoters, according to the draft prospectus Red Herring.

The company may consider a private placement of equity shares totaling up to Rs 30 crore. If such a pre-IPO placement is undertaken, the size of the new issue will be reduced.

Funds raised from a new issue will be used to fund investment in IT assets for expansion and the company’s existing IT infrastructure, support working capital requirements and general corporate needs. business.

Cogent is an end-to-end Customer Experience or CX solutions provider offering omnichannel solutions along various customer interaction touchpoints, from sales and customer support to voice and non-voice channels, back office and transformation services and digital marketing.

The company’s clients are diversified across more than 10 verticals, including banking and financial services and e-commerce.

DAM Capital Advisors and IIFL Securities are the lead managers of the issue.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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