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MRO-TEK Limited

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  • Issue Opens : 25th Sep., 2000
  • Issue Price: Rs. 95/- per share (FV - Rs.5/-)
  • Issue Size: 5,10,900 shares
  • Registrars to the Issue: Karvy Consultants Limited
  • Issue Closes: 28th Sep., 2000
  • Minimum Application: 100 @ Rs.95/- each thereafter
  • Post-issue promoter’s stake: 27.10%
  • Lead Managers: DSP Merill Lynch Limited

Listing on: Bangalore, Mumbai and National Stock Exchanges

Highlights of the Issue

  • Engaged in the manufacture, marketing and distribution of a wide range of data communication products providing complete end to end solutions.
  • Is a ISO 9002 certified company.
  • Has an installed base of more than 2,50,000 data communication devices covering major public and private sector companies.
  • Client list includes DoT, Indian Army, Satyam, Dishnet, VSNL, Times of India, ICICI, ANZ Grindlays, Southern Railways, STPs and National Thermal Power Corporation ( NTPC ).
  • Joint venture with RAD for manufacture of RAD products.
  • Exclusive marketing and distribution agreement with Zyxel Communications, Breezecom Limited, Cobalt Networks, Extreme Networks, Globaloop Limited and the RAD Group.
  • Venture Capital funding from Nandi Investments Limited (a wholly owned subsidiary of CDC Financial Services limited) and Development Investment Trustee Company limited (Information Technology Fund).
  • Total income increased from Rs.684.52 lakhs in FY95 to Rs.2990.47 lakhs for first half of FY2000. Net profit during the same period increased from Rs.24.65 lakhs to Rs.247.35 lakhs.
  • Estimated net working capital requirement for the current year is Rs.5608 lakhs.
  • Promoted by Mr.Sarangan Narayanan, the present Chairman & Managing Director and Mr.Himadri Nandi.

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