Comp-U-Learn Tech India Ltd.

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  • Issue Opens: 3rd July, 2000
  • Offer Price: Rs.10/- each (Face Value Rs.10/-)
  • Issue Size: 25,00,000 shares amounting to Rs.250 lakhs.
  • Registrars to the Issue: Karvy Consultants Ltd.
  • Issue Closes: 7th July, 2000
  • Minimum Application: 200 shares @ Rs.10/- each
  • Post-issue promoter’s stake: 75%.
  • Lead Managers: Karvy Investor Services Ltd., Imperial Corporate Finance & Services Pvt. Ltd.

Listing on: Mumbai and Hyderabad Stock Exchanges

Highlights of the Issue

  • Has a courseware development center.

  • Recently started software development and has executed orders worth Rs.123.72 lakhs.

  • Project appraised and funded by Bank of Madura to the extent of Rs.90 lakhs.

  • Training products developed include TIMES, ROLE, PFMS, TIMESHEET and SIIMS.

  • Has 14 software-training centers (including 11 franchisee centers) in South India and Overseas affiliated offices at New Jersey & New York in USA and Toranto in Canada.

  • Strategic alliances with EPLANETS Inc., USA and  Compulearn Inc., USA.
  • Promoted by Mr.Srini Donepudi.
  • Project cost estimated at Rs.890 lakhs.
  • Application to RBI for starting overseas office is yet to be approved.
  • Complaint is lodged at consumer forum against the company amounting to Rs.4.59 lakhs. Claim before the labour court amounting to Rs.6.10 lakhs.
  • Application by NRI’s / OCBs may be made only on a non-repatriable basis.
  • Investment can be considered only for a short term.

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