Cogent E-Services has received market regulator -- Securities Exchange Board of India’s (SEBI's) approval to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 94.68 lakh equity shares by promoters.
The company, which filed the draft red herring prospectus with the SEBI in February, got the regulator’s approval on May 23, 2022. Funds raised from the fresh issues will be used for funding investment in IT assets for expansion and existing IT infrastructure of the company, support working capital requirements, and general corporate purposes. DAM Capital Advisors and IIFL Securities are the books running lead managers to the issue.
Cogent is an end-to-end customer experience or CX solutions provider offering omnichannel solutions along with various customer interaction touchpoints from customer sales and support through voice and non-voice channels, back office solutions and transformative services, and digital marketing.
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|---|---|
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| Info Edge | 968.40 |
| Firstsource Solution | 217.40 |
| Affle 3i | 1407.55 |
| Hinduja Global Soln. | 410.00 |
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