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July 15, 2008

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.

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