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Lytus Technologies Holdings Priced, Nasdaq: LYT

Indian provider of content streaming and telecasting services.

Industry: Technology

Latest Trade: $1.67 -0.03 (-1.8%)

First Day Return: +258.1%

Return from IPO: -99.4%

Industry: Technology

We are a growing platform services company primarily providing content streaming/telecasting services with over 8 million active users located all across India.1 Our scope of business also covers telemedicine services with local assistance through local Health Centers. Through our platform, our customers are well connected via customer premises equipment (“CPE”) devices/set top boxes (“STBs) and have access to multi-dimensional services including telemedicine service. Our customer base and expansive market presence position us to widen our portfolio of offerings. We have been focused on adopting and implementing technologies that can change the landscape of being a conventional streaming services provider. We intend to benefit from India’s e-commerce boom and the recent tele-medicine regulation through the acquisition of Global Health Sciences, Inc. (“GHSI”). The management of GHSI has many years of pioneering experience of the management in tele-medicine in USA, which we believe will help us create a profitable and sustainable business model with rapid growth prospects.
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IPO Data
IPO File Date 04/01/2021
Offer Price $4.75
Price Range $4.75 - $6.75
Offer Shares (mm) 2.6
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/14/2022
Offer Price $4.75
Price Range $4.75 - $6.75
Offer Shares (mm) 2.6
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Spartan Capital Securities
Pacific Century Securities
Company Data
Headquarters Mumbai, India
Founded 2015
Employees at IPO 43
Website www.lytus.in

Lytus Technologies Holdings (LYT) Performance