praveen
25-05-2008, 06:12 PM
Nutek India Ltd, a Gurgaon-based telecom infrastructure service provider offering infrastructure rollout solutions for both mobile and fixed telecommunication networks, has received SEBI nod for its initial public offering.
The public issue of 4,500,000 equity shares comprises a fresh issue of 3,500,000 shares and an offer for sale of 1,000,000 shares. The net issue to the public is for 4,400,000 shares and a reservation of up to 100,000 shares for the employees. The net issue will constitute 25.49 per cent of the post issue paid-up capital.
The company plans to raise funds for capital expenditure, overseas acquisitions and augmenting long-term working capital requirement. The book running lead managers to the issue is SPA Merchant Bankers and India Infoline.
Nutek India commenced operations by installing and maintaining switching equipment and gradually moved on to provide full turnkey infrastructure rollout services. Other services include telecom equipment implementation & commissioning, optical fiber cable roll out and operations and maintenance.
The major clients of the company include Nokia, Ericsson, Motorola, Tata Teleservices, Reliance Communication.
The public issue of 4,500,000 equity shares comprises a fresh issue of 3,500,000 shares and an offer for sale of 1,000,000 shares. The net issue to the public is for 4,400,000 shares and a reservation of up to 100,000 shares for the employees. The net issue will constitute 25.49 per cent of the post issue paid-up capital.
The company plans to raise funds for capital expenditure, overseas acquisitions and augmenting long-term working capital requirement. The book running lead managers to the issue is SPA Merchant Bankers and India Infoline.
Nutek India commenced operations by installing and maintaining switching equipment and gradually moved on to provide full turnkey infrastructure rollout services. Other services include telecom equipment implementation & commissioning, optical fiber cable roll out and operations and maintenance.
The major clients of the company include Nokia, Ericsson, Motorola, Tata Teleservices, Reliance Communication.