Fidel Softech IPO oversubscribed 102 times

Fidel Softech IPO oversubscribed 102 times

Fidel Softech Limited, a Pune based LangTech company, received huge response for its IPO. The IPO which is closed on 2nd June, oversubscribed by 102 times. The shares are going to register on Emerge Exchange of NSE on 10th June 2022.

Fidel Softech is incorporated in 2004 as a private limited company, working in Language and Technology field. It is specialized in incorporating Indian and foreign languages in different IT technologies. This enable IT and software to localize their product thereby increasing reach.

Fidel went public this year in April. May 30th, 2022 was a big day for Fidel. On this day its first IPO listing was opened. Here is a brief explanation of Fidel’s IPO journey:

• This IPO listing was oversubscribed by 102 times and that was overwhelming for the entire team of Fidel.
• The number of results and applications was as huge as 43,000.
• The subscription figure was considerably higher than expected.
• The IPO size was Rs. 13.5 CR, whereas the actual subscription figures crossed Rs. 1300 CR.

Years of hard work of Fidel team have finally been paid off!
Sherni Shares Private Limited is Lead manager for the issue and highly appreciated for their efforts and teamwork to make Fidel’s IPO listing so successful.

The rise and gains in Fidel are attributed to investors’ optimism and its superior financials.

Ref. No – FN08221011


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