Apply for Firstsource IPO
Firstsource (formerly ICICI OneSource) is a leading Indian BPO company providing customized business process transformation in the Banking & Financial Services, Telecom & Media and Healthcare sectors. The company currently employs over 10,717 employees across 20 delivery centres in India, the UK, the US and Argentina. The company has over 74 leading organisations as customers, including six “Fortune Global 500” banks, two “Fortune Global 500” telecommunications companies and three “Fortune 100” healthcare companies.
Firstsource Solutions is open for subscription with its initial public offering, IPO of 69.30 million equity shares of Rs 10 each for cash at a premium to be decided through a 100% book-building process.
The price band for the issue has been fixed between Rs 54 and Rs 64 per share. The issue closes for subscription on February 2, 2007
The issue of 69,300,000 equity shares comprises a fresh issue of 60,000,000 equity shares by the company and an offer for sale of 9,300,000 equity shares by the ICICI Group, including a reservation for certain eligible employees of upto 1,200,000 equity shares of Rs 10 each. The issue will constitute 16.65% of the fully diluted post-Issue equity share capital of the company.
The company intends to use the net proceeds of the issue to make acquisitions, set up new facilities, repay a loan and for general corporate purposes. Firstsource will be listing its shares on both the National Stock Exchange & the Bombay Stock Exchange.
Subscribe to Firstsource with high risk appetite: Networth
Experts say apply for Firstsource IPO
Firstsource Solutions is open for subscription with its initial public offering, IPO of 69.30 million equity shares of Rs 10 each for cash at a premium to be decided through a 100% book-building process.
The price band for the issue has been fixed between Rs 54 and Rs 64 per share. The issue closes for subscription on February 2, 2007
The issue of 69,300,000 equity shares comprises a fresh issue of 60,000,000 equity shares by the company and an offer for sale of 9,300,000 equity shares by the ICICI Group, including a reservation for certain eligible employees of upto 1,200,000 equity shares of Rs 10 each. The issue will constitute 16.65% of the fully diluted post-Issue equity share capital of the company.
The company intends to use the net proceeds of the issue to make acquisitions, set up new facilities, repay a loan and for general corporate purposes. Firstsource will be listing its shares on both the National Stock Exchange & the Bombay Stock Exchange.
Subscribe to Firstsource with high risk appetite: Networth
Experts say apply for Firstsource IPO
posted by Yovan Shah at 11:21 AM
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