Aishwarya Telecom's IPO on 15 April 08

Aishwarya Telecom is a ISO 9001:2000 Certified company manufacturing Fibre optic test equipments & Cable fault locators. It provides services nation-wide to organizations in business, industry & government.Aishwarya Telecom Limited is entering in the capital markets with an initial public offering, IPO of 52,00,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs. 32/- at lower level and Rs. 35/- at upper level for equity share of Rs. 10/-. The issue opens on Apr 15, 2008, and closes for subscription on Apr 17, 2008.