IT People's Rs 45.25 cr follow-on issue opens Monday
IT People (India) Ltd’s Rs 45.25 crore follow-on public issue will open on Aug 27 and closed on August 31.
By INDIATIMES NEWS NETWORK |
MUMBAI: IT People (India) Ltd’s Rs 45.25 crore follow-on public issue will open on Aug 27 and closed on August 31.
Equity shares aggregating Rs 2.26 crore have been reserved for employees and Rs 4.52 crore of shares allocated for group companies. Net public issue is for Rs 38.46 crore.
The issue proceeds will go to meet its expansion needs such as investment in technology infrastructure, product enhancement and business expansion.
IT People (India) is an e-recruitment & consulting company, providing human capital solutions for IT industry on a global basis.
The company posted net profit of Rs 3.08 crore on revenue of Rs 17.52 crore for the year ended March 31, 2007. In the quarter to June 30, 2007 IT People’s profit after tax was Rs 1.09 crore and revenue Rs 7.51 crore.
Equity shares aggregating Rs 2.26 crore have been reserved for employees and Rs 4.52 crore of shares allocated for group companies. Net public issue is for Rs 38.46 crore.
The issue proceeds will go to meet its expansion needs such as investment in technology infrastructure, product enhancement and business expansion.
IT People (India) is an e-recruitment & consulting company, providing human capital solutions for IT industry on a global basis.
The company posted net profit of Rs 3.08 crore on revenue of Rs 17.52 crore for the year ended March 31, 2007. In the quarter to June 30, 2007 IT People’s profit after tax was Rs 1.09 crore and revenue Rs 7.51 crore.
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