Advanced Enzyme Technologies Ltd IPO

Advanced Enzyme Technologies Ltd
Period	20-Jul to 22-Jul 2008
Size (Equity Shares)
Type	100% Book Built Issue (Initial Public Offer IPO) and Offer for sale
Face Value	Rs. 10-
Price Range	Rs. 880 - Rs. 896 Per Equity Share
Market Lot	16 shares
Max shares Retails investor can apply at cut off	208
Registrar	Link Intime India Private Ltd
Registrar's email	aetl.ipo@linkintime.co.in
Lead Manager	Axis Capital Limited  and  ICICI Securities Limited
Listing	BSE, NSE
Grading
About the company
Incorporated in 1989, Advanced Enzyme Technologies Ltd is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products. Information in this paragraph is copied from chittorgarh.com. Company produces over 400 proprietary products developed from 60 enzymes. Advanced Enzyme operate in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food). Company has 13 patents registered in its name and applications for registration of 4 patents are pending. Advanced Enzyme is among top 15 companies in enzyme sales in the world and 2nd largest in India. Company has over 20 years of fermentation experience in the production of enzymes. Company offer these products to its more than 700 global customers across 50 countries around the world. Content in this paragraph is copied from chittorgarh.com. Advanced Enzyme's R&D team consists of over 55 scientists, microbiologists, engineers, food technologists and biotechnologists. Company have four R&D facilities, of which two are located at Thane, and one each at Sinnar and Chino, California. Competitive strengths of the company: 1. Integrated Company with presence across the Enzyme Value Chain 2. Strong R&D, enzyme development and manufacturing capabilities 3. Specialized Business Model with high entry barriers 4. Diversified Product Portfolio and Wide Customer Base, served by a Strong Sales, Marketing and Distribution network 5. Experienced Promoters and Strong Management Team 6. Financial stability and stable cash flows1993 Business: Telecom infrastructure service provider, offering Infrastructure rollout solutions for both mobile and fixed telecommunication networks. Undertake turnkey projects, provide management expertise to their clients for infrastructure creation and installation for telecom sites which includes Passive Infrastructure like Towers, Telecom Shelters, Backup Power - DG sets and Battery Banks, Electrical Infrastructure and Earthing Stations etc. and active infrastructure like Base Transceiver Station (BTS), microwave, optic fibre, Base Station Controller (BSC), Mobile Switching Centres (MSC), IN (Intelligent networks), VAS (Value added services) equipments, transmission equipment such as STM's and Microwaves to the most advanced World Interoperability for Microwave Access (WIMAX) equipment and future ready 3G Nodes. Company also provide technical support services in the High End Telecom segments such as Radio Frequency and Transmission Planning, Network Tuning & Optimization and Quality of Service (QoS) to their clients. Client: Telecommunication Equipment Manufacturers, Telecom operators, Third party infrastructure leasing companies in installing and maintaining Telecom Network Equipment & Infrastructure. Nokia Siemens Networks Pvt Ltd, Ericsson India Pvt Ltd, Motorola India Pvt Ltd, Nortel Networks India Pvt Ltd Telceom Operators: Tata Teleservices Ltd, Reliance Communications Ltd, Bharti Airtel Ltd, Idea Cellular Ltd, Vodafone Essar Ltd(Hutch), Videsh Sanchar Nigam Ltd Third party infrastructure leasing companies: Quipo Telecom Infrastructure Ltd, Essar TTIL Ltd, Xcel Telecom Ltd, IMI Ltd
Objects of the Issue
# Capital Expenditure; # Overseas Acquisitions; # Augmenting Long Term Working Capital requirement; # General Corporate Purposes; # Expenses related to Fresh Issue.

Read More