Aishwarya Telecom Limited - IPO

Aishwarya Telecom Limited (ATL)
Period	15-Apr to 17-Apr 2008
Size (Equity Shares)	0
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 32 to Rs 35
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Big Share Services Pvt Ltd
Registrar's email	Ashok@bigshareonline.com
Lead Manager	SREI Capital Markets Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1995. Manufacture Telecom Fiber Optic products, Fibre Optic Test Equipments and Cable Fault Locators. Customers: Telephone Service Providers, Defence Sector, Railways, Telecom equipment manufacturing companies and Cable TV Operators. 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. Setup: 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.
Objects of the Issue
# 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