Associated Infotech Ltd.

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  • Issue Opens :
  • Issue Price: Rs. 60/- per share (FV - Rs.10/-)
  • Issue Size: 27,00,000 shares amounting to Rs.16.20 crore
  • Registrars to the Issue: M/s. MCS Ltd.
  • Issue Closes:
  • Minimum Application: 100 shares @ Rs.30/- each
  • Post-issue promoter’s stake: 50.03%
  • Lead Managers: Ind Global Financial Trust Ltd.

Listing on: Delhi, Mumbai and National Stock Exchanges

Highlights of the Issue

  • Entered the industry in 1995.
  • Has a strong client base which includes Videocon, L&T, Indian Rayon, IDBI, HCL and many other blue chip companies.
  • Sanjay Bhatia, Jay Kumar, Varun and Om Bhatia are the promoters who are well educated and have good experience in the industry.
  • Total Income has increased from Rs 18.63 lakhs in FY96 to Rs 559.15 lakhs in FY99. During the same period, the net profit increased from Rs. 0.29 lakhs to Rs. 60.47 lakhs. The six month period ending December 1999 recorded a total income of Rs. 432.94 lakhs and a net profit of Rs.93.26 lakhs. 
  • Total estimated cost of the project stands at Rs 1620 lakhs, out of which the company has already spent Rs 32.69 lakhs.
  • NRIs can apply on NRE/FCNR account and on repatriable basis. However they can also apply on non- repatriable basis.
  • The total working capital requirements of the company has been estimated at Rs. 711.46 lakhs for
    the year 2000-01.
  • Scrip can be considered for short term to medium term.

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