Fatpipe Networks India Limited IPO: Opening on 7th June 2010

by khalid on 03/06/2010 · 0 comments

Fatpipe Networks India Limited (FNI) is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. Company holds 7 patents on a technology called “Router-Clustering,” which enables customers to obtain highly redundant and fast Internet/WAN access. The company is entering in the Indian capital market with 49 crore equity shares of Rs 10 each. The IPO is opening on 7th June 2010 and the shares will be available for subscription up to 9th June 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed as Rs 82 at the lower end and Rs 85 at the upper end.

The proceeds of the IPO will be used by the company to expand the product line with enhanced R&D. to establish 16 marketing Offices across the globe, for strategic acquisition of business / company, to meet margin money for working capital require, to meet the Public Issue Expenses and general corporate purposes.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 7th Junel 2010 – 9th June 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 4 Crore Equity Shares of Rs 10 each
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 82 – Rs. 85 per share
Market Lot : 70 shares
Minimum Order Quantity : 70 shares
Listing At : BSE, NSE

Book running lead managers to the issue is Keynote Corporate Services Ltd.

Registrar of the Issue is Karvy Computershare Private Limited Hyderabad.

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