Cogent E-services files documents with Sebi to raise 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 sale of shares includes a new issue of capital shares aggregating up to 150 crore and a sell offer of up to 994.68 lakh shares by the promoters, according to the Red Herring draft prospectus.

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

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

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 managers responsible for the issue.

This story was published from a news feed with no text edits. Only the title has been changed.

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