Issue Price: Rs. 88 - Rs. 90
Allotment Status: http://www.sharexindia.com/ipo.php?a=1
Issue Detail:
»» Issue Open: Feb 21, 2011 - Feb 24, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs 170.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 88 - Rs. 90 Per Equity Share
»» Minimum Order Quantity: 60 Shares
Subscription Bid Details:
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total Shares Offered / Reserved 9,659,091 2,897,727 6,761,363 19,318,181 Day 1 - Feb 21, 2011 17:00 IST 0.0000 0.0900 0.2600 0.1000 Day 2 - Feb 22, 2011 17:00 IST 0.0000 0.0900 0.3200 0.1300 Day 3 - Feb 23, 2011 17:00 IST 0.8400 0.0900 0.4100 0.5800 Day 4 - Feb 24, 2011 17:00 IST 1.1200 2.0000 1.2100 1.2800
Incorporated in 2001, Acropetal Technologies Ltd is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.
Acropetal offers Engineering Design Services to reduce product design cycle time and costs. The services include concept design, product design & development, advanced analysis, reliability engineering and value engineering. Other services are product quality improvement, idea generation, product teardown, material cost out, product re-design, back office support to accomplish 2D Drawings, Data Conversion and 3D Modeling.
Acropetal Technologies headquartered in Bangalore, the silicon valley of India. They also have presence in Dubai, UAE, through subsidiary Vision Info Inc. Company intends to set up new Software Development Center cum Corporate Office in Bangalore and also expand its geographical presence in the US, UK, Middle east and South East Asia by setting up offices.
Company Financials:
Particulars For the year/period ended (in Rs. Lacs) 31-Dec-10 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 Total Income 10,637.45 10,808.51 9,280.49 5,970.03 4,093.65 709.71 Profit After Tax (PAT) 1813.26 1,955.09 1,658.58 1,306.37 1,277.59 250.89
Company Promoters:
Mr. D. Ravi Kumar, aged 42 years, is the Promoter and Chairman & Managing Director of the Company.
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