Vishal Information Technologies Limited - IPO

Vishal Information Technologies Limited
Period	21-Jul to 24-Jul 2008
Size (Equity Shares)	27,90,000
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 140 to Rs 150
Market Lot
Max shares Retails investor can apply at cut off
Registrar	Intime Spectrum Registry Ltd
Registrar's email	vitl.ipo@intimespectrum.com
Lead Manager	Keynote Corporate Services Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 1994. Subsidiary of Tutis Technologies (Biometric Products, Software Development and consulting). Branches: Mumbai and Chennai. Representative office: UK and UAE. Special points: Among the first few companies to venture in the field of ITES/BPO services. Pioneers in the concept called "Digital Library for Visually Impaired and Blind" in respect of Classic series. Business: Data digitization, E-publishing and digital library, Print on Demand (POD)
Objects of the Issue
# To finance the cost of expansion of the facilities in Chennai; # To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai; # To set up a subsidiary in the United Kingdom and United States of America; # General Corporate Purposes; # Meeting the Public Issue Expenses.