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Open
21 Feb 2011
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Close
24 Feb 2011
3
Allotment
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Listing
Thu, Mar 10, 2011
Price Band
₹88 to ₹90
Issue Size
1,88,90,358 shares (agg. up to ₹170 Cr)
Lot Size
60 Shares
Listing Date
Thu, Mar 10, 2011
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.19x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Proposed Acquisitions | 5.50 |
| 2 | Setting up of Software Development Centre and Corporate Office | 2.62 |
| 3 | Expansion & Establishment of overseas offices | 1.94 |
| 4 | Part Repayment of Term Loans | 2.50 |
| 5 | Additional Working Capital requirements | 2.50 |
| 6 | Public Issue Expenses | 1.50 |
| 7 | General Corporate Purposes | 0.44 |
About Acropetal Technologies IPO
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.+ Read More
Contact Details
Acropetal Technologies Ltd. Address2/10, 3rd Floor, Ajay Plaza1st Main, N.S.PalyaBannerghatta RdBengaluru, Karnataka, 560076+ 91-80-4155 9501/02ipo@acropetal.comVisit Website