iQ Infotech Ltd.

Listing on: Mumbai and Bangalore Stock Exchanges

• Entered the industry in 1995 and is a profit making Company.

• Main activity is in IT enabled services, training, Consulting and Software Development. Strong in hardware including embedded software systems.

• Has won the "Excellence in Electronics" award for the year 1992.

• Has an approved R&D Center recognized by the "Ministry of Science and Technology", Government of INDIA, since the last 15 years.

• Has confirmed orders worth around Rs. 340 Lakhs.

• The company has supplied process control software, which is used in defense and other industries.

• Dr. Srinivasan, well educated and with over 35 years of experience, has promoted the company.

• Total income increased from Rs.133.55 lakhs in 1996 to Rs.202.80 lakhs in 2000 and net profit from 0.38 lakhs to Rs.15.52 lakhs during the same period.

• Issue proceeds would be used for expansion of software and hardware facilities, for development of web based project, for the expansion of IT enabled services training center and to set up an office in US.

• Total income for the next three years starting 2001, is estimated to be Rs.755, Rs.1510 and Rs.1510 lakhs and net profit at Rs.135.04, Rs.321.32 and Rs.326.56 lakhs respectively. 

• 25,00,000 shares are allotted to NRIs on firm allotment basis.

• The issue is overpriced.

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