Deldot Systems Limited

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  • Issue Opens :
  • Issue Price: Rs.80 /- per share (FV - Rs.10/-)
  • Issue Size: 16,76,600 shares amounting to Rs.13.41 crore
  • Registrars to the Issue: Karvy Consultants Ltd.
  • Issue Closes:
  • Minimum Application: 100 shares @ Rs.40/- each
  • Post-issue promoter’s stake: 47.8%
  • Lead Managers: Enam Financial Consultants Pvt. Ltd., IL&FS Merchant Banking Services Ltd.

Listing on: Bangalore and Mumbai Stock Exchanges

Highlights of the Issue

  • Entered the industry way back in 1993.
  • Offers a wide spectrum of IT services – networking, data storage solutions, software services and products, education and training.
  • Training center is given the recognition as Microsoft authorized training center.
  • Has been certified as ISO 9002 by BVQI for its Computer System Integration and customer service and support division, which is a part of its networking business division.
  • Has a subsidiary Deldot Inc, which supports the global marketing of the company's products and services.
  • Has two unique products SMILE (an integrated web based learning environment) and SCOPE (a tool to communicate the customers).
  • Issue proceeds would be used for a development center and corporate office at Bangalore, to fund its subsidiary in US and to set up branch offices in Europe, Australia, Middle East and Singapore.
  • Chandrashekar and Chandrakeerthi, well educated and well experienced, have promoted the company. The latter was awarded as the best entrepreneur in 1997.
  • Total income has increased from Rs.613.98 lakhs in FY96 to Rs.3161.58 lakhs in FY2000 and net profit has increased from Rs.11.26 lakhs to Rs.309.52 lakhs respectively during the same period.
  • Projected total revenues for FY2001 stand at Rs.4650 lakhs and net profit at Rs.515.50 respectively.
  • NRIs can apply on a non-repatriable basis.
  • Investment can only be of an average recommendation.

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