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Compulink
IPO gets nod from Sebi
Mumbai:
Pune-based software company, Compulink Systems has
received approval from the Securities
and Exchange Board of India (SEBI) for its initial
public offer.
The
company will offer 45.38 lakh equity shares of Rs10 each
at a premium of Rs50 per share aggregating Rs27.23 crore.
This consists of a fresh equity issue of 35.38 lakh shares
and an offer for sale of 10 lakh equity shares by SIDBI
Venture Capital Ltd. The IPO is slated to open by the
end of November.
Post-IPO,
Compulink's paid-up capital will increase from the present
Rs6.82 crore to Rs10.36 crore. Its total income in the
year 2004-05 was Rs12.87 crore and net profit stood at
Rs3.60 crore.
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