Aishwarya Telecom Limited IPO

Incorporated in 1995, Aishwarya Telecom Limited is ISO 9001:2000 Certified Company manufacturing Fiber Optic Test Equipments and Cable Fault Locators. Currently, ATL manufactures products for Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators.
ATL has 9 R & D, 4 Customer Support, 20 Marketing, 45 Production and 10 Administration Personnel. ATL is planning to expand in to designing products for Defence Sector and Educational Sector.

ATL manufactures a wide range of Telecom Fiber Optic products and supplies to Bharat Sanchar Nigam Limited, Tata Tele Services, Bharati Telenet, HFCL public sectors defence sectors like ECIL in India. ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai etc.

Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Fund the Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) in collaboration with IIT, Chennai;
Fund the Capital Expenditure for Research & Development of Ethernet Traffic Analyzers;
Fund the cost of Global System for Mobile Communication (GSM)/ General Packet for Radio Service (GPRS)/Code Division Multiple Access (CDMA) Analyzers for providing Technical Audit Services to the Mobile Operators;
Purchase land & construct building for new corporate, marketing, administrative and R&D office at Hyderabad;
Purchase land & construction of building for a new production unit at Hyderabad;
Meet additional working capital requirements for its operations;
Meet the expenses of this Issue.
Aishwarya Telecom Limited IPO Information
»» Public Issue Open: April 15, 2008 to April 17, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 40,00,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 32/- to Rs 35/- »» Market Lot: 200 Shares »» Minimum Order Quantity: 200 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: SREI Capital Markets Ltd & Sobhagya Capital Ltd »» Registrar: Big Share Services Pvt Ltd (Ph: +91-22 2847 0652 Email: Ashok@bigshareonline.com)