Persistent Systems IPO : Plans to raise Rs 200 crores

by khalid on 06/03/2010 · 1 comment

APW President Systems Limited’s principal activity is to provide IT and telecommunication services. The company already filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is planning to enter the primary market with an Initial Public Offer (IPO) of Rs 200 crores in comming weeks.

Part of the IPO proceeds will be used for construction of two new development centres one in Hinjewadi, Pune, and the other in Nagpur with a capacity to seat 3000 and 1200 employees, respectively, at a cost of Rs 80 crores.

APW President Systems Limited operates in India and parts of the World. The company’s offshore development centres are located in Pune, Nagpur, Goa and Hyderabad.

Share’s Info :-
BSE Code : 590033
Group : S
Market Cap. : Rs 78 crores
52 Week H/L : Rs 174.00 / Rs 45.00
PE ratio : 8.79
EPS : Rs. 15.23
Face Value : Rs 10.00
Last dividend : 30% in Aug 2009
APW President Systems Limited’s CMP is Rs 130.00 on 5th Mar 2010.

Book running lead managers to the issue are Enam Securities and J P Morgan India.

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infopediaonlinehere March 6, 2010

This is an useful information..You are doing a great job by providing great information on companies in red herring phase…It would be great if you can add more detail on website, the business of the company so that it will be very helpful while purchasing stocks

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