Advantal Technologies IPO
The Advantal Technologies IPO is a book-built issue comprising a fresh issue of up to 23.28 lakh equity shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 30, 2024. The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the NSE Emerge platform. The book-running lead manager of this issue is Hem Securities Ltd. and the registrar to the offer is Bigshare Services Private Ltd.
Company Background
Advantal Technologies Ltd. was incorporated in 2010 and over time, the company has grown into a comprehensive software product engineering services company. The current business of the company includes custom software development, digital transformation, AI/ML solutions, IT services and proprietary software products. The company has its registered corporate office located in Gurgaon, Haryana, while its operations are based in Indore, Madhya Pradesh, thereby ensuring a strong geographic presence in both local and global markets.
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