About Zylog systems
Zylog Systems is an ISO 9001 certified provider of Onshore, Offshore & Near shore technology services. We offer substantial cost savings and enhanced performance associated with a secure and effectively managed global development model. For over 10 years, Zylog Systems has been partnering with a loyal following of clients seeking to leverage our proven delivery methodology, as well as 24/7 access to the very best technical resources and development tools available anywhere.
About Zylog systems IPO
Public issue of 36,00,000 equity shares of Rs.10/- each for cash at a price of Rs.[*] per equity share (including premium) aggregating to Rs.[*] Crores (hereinafter referred to as the "issue") by Zylog Systems Limited ("Zylog"or "company"). The issue comprises a net issue to the public of 35,00,000 equity shares ("the net issue") and a reservation of 1,00,000 equity shares for subscription by employees (as defined herein) (the "employee reservation portion"), at the issue price. The issue less the employee reservation portion is referred to as the 'net issue'. The issue will constitute 21.89% and the net issue will constitute 21.28% of the fully diluted post issue paid-up equity capital of the company. Price band: Rs.330/- to Rs.350/- per equity share of face value Rs. 10 The issue price is 33 times the face value at the lower end of the price band and 35 times the face value at the higher end of the price band.
Issue Open : July 20th 2007 to July 25th 2007
Issue Price :330 rs to 350 rs.
Project financed through current issue 118.80 Crore
Post Issue Equity share capital 16.45
Objectives of the IPO
To set up two Offshore Development Centres (ODCs) .
To Fund Acquistion(s) / Strategic Investments .
Clients : All major banks in India and also Middle Eastern Countries

Posted by rupya at July 18, 2007 2:51 PM

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