One97 Communications IPO : CRISIL gives 3 out of 5

by khalid on 12/12/2010 · 0 comments

One97 Communications IPO has got 3 out of 5 by CRISIL (rating agency) and this rating/grading is ‘Average’ for a telecom value-added services comapny. The grade 3 indicates that the fundamentals of the IPO are ‘Average’ compared to the other listed securities in India. IPO was slated to open on 13th Dec 2010 and proposed to be available for subscription up to 16th Dec 2010. But the company has postponed its IPO further due to volatile market conditions. The company plans to open the IPO either in the latter part of this month or early next year. Earlier, the company had deferred the IPO to 13th December 2010 from 1st December 2010. One97 Communications provide network services to eight telecom service providers in India, one telecom service provider in Afghanistan, one in Nigeria and one in Bangladesh.

The objects of the IPO are to procuring telecom equipment and software for installation at office as well as various sites of customers and general corporate purposes.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

Issue Detail:-
Issue Open : Latter part of this month or Early next year.
Issue Type : 100% Book Built Issue IPO
Issue Size : — Equity Shares of Rs 10 each
Issue Size : Rs. 120 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. – Rs. Per Equity Share
Minimum Bid Quantity : — Shares (Rs. —- with 1 Lot)
Maximum Bid Quantity : —- Shares (Rs. —— with — Lot)
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

The book running lead managers to the issue are IDFC Capital Limited and Avendus Capital Private Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

Stay tuned to BelltheBull Blog for more on One97 Communications IPO !

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