Financial Daily from THE HINDU group of publications
Monday, Nov 14, 2005
Financial Daily from THE HINDU group of publications Monday, Nov 14, 2005 |
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Info-Tech
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IPOs Markets - Regulatory Bodies & Rulings SEBI nod for Compulink IPO Our Bureau
MUMBAI: Compulink Systems Ltd (CSL), a Pune-based software company, has got the Securities and Exchange Board of India (SEBI)'s approval for its initial public offer. The company will offer 45.38 lakh equity shares of Rs 10 each at a premium of Rs 50 per share aggregating Rs 27.23 crore. This consists of a fresh equity issue of 35.38 lakh shares and an offer for sale of 10 lakh equity shares by SIDBI Venture Capital Ltd. The IPO is slated to open by the end of November. Post-IPO, Compulink's paid-up capital will increase from the present Rs 6.82 crore to Rs 10.36 crore. Its total income in the year 2004-05 was Rs 12.87 crore and net profit stood at Rs 3.60 crore.
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