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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (8249)	10/12/1999 6:27:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

IPO News Logix Micro plans public issue to finance expansion THE BANGALORE-based Logix Microsystems Ltd is making a public offer of equity shares of Rs 10 each at a premium of Rs 10 aggregating to Rs 2.60 crore. The turnover this fiscal is projected at Rs 12.5 crore and the net profit at Rs 2.2 crore, while the post-issue equity base will be Rs 5.10 crore, said Mr Sanjay Soni, managing director, Logix. ================= IT cos must have 3-yr track record before IPO: Sebi THE SECURITIES and Exchange Board of India (Sebi) on Friday made a three-year track record in information technology (IT)-related business mandatory for companies in the IT sector planning an initial public offer (IPO). ================== UTV to test value with initial offer TELEVISION software producer United Television (UTV) is going for an initial public offering (IPO) sometime between December 15 to January 15 next year. The company plans to put 25 per cent of its equity on the block and the issue size is expected to be around Rs 100 crore. ====================== Sony postpones IPO after Sebi rider SONY ENTERTAINMENT Television (SET) has postponed plans to come out with an initial public offering (IPO) after the Securities and Exchange Board of India (Sebi) indicated that it would not allow the company to go public with a mere 10 per cent of its equity. ==================== HCL Tech defers NYSE listing HCL TECHNOLOGIES, pres-ently called HCL Consult-ing, has decided to make its initial public offer (IPO) in the Indian mar-ket at a par value of Rs 4 per share. The company has also dropped its idea of US listing till June next year when the management would again evaluate the neccessity of such a listing. ============= Hughes Software Sys-tems Limited (HSS), which recently concluded the book-built portion of its initial public offering (IPO), has raised a whopping Rs 6,000 crore (US$ 1.33 billion) in application money as against a target of around Rs 250 crore (US$ 55.6 million).Hughes Software Systems had offered, through the book-building route, a total of 39,37,500 equity shares.