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Initial public offer of 50,00,000 equity shares of face value of Rs. 2/- each (Equity Shares) of Opalforce Software India Limited (the Company or Issuer) at an offer price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) for cash, aggregating up to Rs. [] crores (Public Offer) comprising a fresh issue of 33,50,000 equity shares aggregating to Rs. [] crores (the Fresh Issue) and an offer for sale of 16,50,000 equity shares by Opalforce Inc (The Selling Shareholder) (Offer for Sale) aggregating to Rs. [] crores, out of which [] equity shares of face value of Rs. 2/- each, at an offer price of Rs. [] per equity share for cash, aggregating Rs. [] crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of [] equity shares of face value of Rs. 2/- each, at an offer price of Rs. [] per equity share for cash, aggregating up to Rs. [] crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute []% and [*]% respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.
Here are the steps to apply for Opalforce Software India Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
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