Cogent E-Services to bring IPO, documents filed with SEBI

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Cogent E-Services IPO: According to the draft red herring prospectus, fresh shares up to Rs 150 crore will be issued under the IPO of Cogent E-Services. Cogent E-Services IPO: Cogent E-Services Limited is planning an initial public offering (IPO). For this, the business has submitted a draught report to the market regulator SEBI. According to the draught red herring prospectus, this IPO would issue new shares worth up to Rs 150 crore. At the same time, the company’s promoters would sell 994.68 lakh equity shares through an offer for sale (OFS).

IPO details

The corporation may pursue a private offering of up to Rs 30 crore in equity shares. The amount of the new issue will be lowered if a pre-IPO placement is made. The proceeds from the IPO will be utilized to fund the company’s growth and investment in IT assets for current IT infrastructure, as well as working capital and other corporate reasons.

Know about the company

  • Cogent is a supplier of end-to-end customer experience (CX) solutions.
    It offers Omnichannel Solutions, including Voice and Non-Voice channels, Back Office Solutions, Transformative Services, and Digital Marketing, across various consumer engagement touchpoints.
    Clients span more than ten industries, including banking and financial services, as well as e-commerce.
  • The issue’s book running lead manager is DAM Capital Advisors and IIFL Securities.

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