For updates visit


Indian Stock Market


Zylog Systems to debut on bourses

Thursday, August 16, 2007

Zylog Systems will debut on the exchanges on Friday, 17 August 2007. It will be placed in the B1 group on the BSE.

The company had fixed the issue price at the top end of the Rs 330 - 350 price band.

At the issue price of Rs 350, the PE mutiples works out to 10.5, based on the year ended March 2007 EPS of Rs 33.2.

Zylog Systems IPO ended on 25 July 2007 with 76.51 times subscription. The qualified institutional bidders (QIBs) category was subscribed 89.52 times, the non-institutional investors category was subscribed 143.71 times and the retail investors category was subscribed 35.04 times. The employees category was subscribed 1.1 times.

Zylog Systems is a global IT solutions and services provider delivering technology- driven business solutions. The company intends to utilize the net proceeds of the issue to set up two state of the art offshore development centres (ODCs), to fund acquisitions and strategic investments and to meet the increasing working capital requirement.

The company reported net profit of Rs 54.70 crore on sales of Rs 407.48 crore in the year ended March 2007.

Posted by FR at 5:46 PM  

Catagories

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.