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Tuesday, July 15, 2008

Vishal Information Technologies Limited IPO Opening

About the company:

The Company incorporated in 1994 as a Subsidiary firm of Tutis Technologies (Biometric Products, Software Development and consulting). Its branches are in Mumbai and Chennai. Representative office: UK and UAE.

Special points: Its among the first few companies to venture in the field of ITES/BPO services. Pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. Business: Data digitization, E-publishing and digital library, Print on Demand (POD)

Objects of the Issue

  • To finance the cost of expansion of the facilities in Chennai;
  • To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;
  • To set up a subsidiary in the United Kingdom and United States of America;
  • General Corporate Purposes;
  • Meeting the Public Issue Expenses.

Important Points:

  • Opening on: 21-Jul 2008
  • Closing on: 24-Jul 2008
  • Size (Equity Shares): 27,90,000
  • Type: 100% Book Built Issue (Initial Public Offer IPO)
  • Face Value: Rs. 10/-
  • Price Rang/ Price Band: Rs 140 to Rs 150

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