Zim Labs was trading on the OTC Exchange Of India before the Securities Exchange Board of India (SEBI) withdrew its recognition of it in March 2015.
The company was recently by allowed SEBI to list on the main board of BSE. This listing will provide an exit to some of its existing shareholders.
The book value of Zim Labs, promoted by Anwar Daud, is Rs 160 per equity share.
Daud and his family own 54 percent stake in the company, and private equity firm Ashmore Alchemy India Advisors owns around 22 percent. The rest is owned by minority shareholders.