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April 8, 2008

Aishwarya Telecom Limited - IPO

Aishwarya Telecom Limited (ATL)


15-Apr to 17-Apr 2008

Size (Equity Shares)



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



Big Share Services Pvt Ltd

Registrar's email

Lead Manager 

SREI Capital Markets Ltd





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

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