Financial Daily from THE HINDU group of publications
Friday, Dec 09, 2005
Financial Daily from THE HINDU group of publications Friday, Dec 09, 2005 |
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Markets
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IPOs Bartronics plans to enter capital market Our Bureau
Hyderabad , Dec 8 BARTRONICS India Ltd, a player in the automatic identification and data capture (AIDC) business, plans to establish an R&D centre and expand its branch network in India and is eyeing the potential overseas. The company is envisaging a Rs 32.5-crore expansion plan. To part-finance this plan, Bartronics plans to enter the capital market with an IPO of 65,00,000 equity shares of Rs 10 each through the book building process. The book running lead managers to the issue are Karvy Investor Services and Centrum Capital Ltd, while Bigshare Services is the registrar of the company issue. The company has filed a draft offer document with the SEBI. According to a statement from the company, AIDC is the industry term used to describe the identification and direct collection of data into a microprocessor controlled device such as a computer system or a programmable logic controller, without the use of a keyboard. This technology supports two fundamental requirements - eliminating errors associated with identification and data collection and accelerating the throughput process. The Indian market is estimated at Rs 100 crore for 2005-06.
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