Nutek India IPO: Finance Trading Times

Nutek India IPO

A new IPO is set to hit the Indian primary markets very soon. The IPO or initial Public offer belongs to the Gurgaon based Nutek India Limited.
Nutek India IPO
What is the primary business of Nutek India?
NuTek India Limited, one of the largest Telecom Service providers serving almost 98% of the telecom opeartors in India. Nutek offers services to telecommunication equipment manufacturers, telecom operators, and third party infrastructure leasing companies for installing and maintaining telecom network equipment and infrastructure.

How many shares will be offered for sale through the Nutek India IPO?
A total of 4.5 millions shares will be offered for sale through the Nutek India IPO. The issue consists of fresh issue of 3.5 million shares and the offer for sale of 1 million shares.

What is the expected size of the Nutek India IPO?
The company aims to raise Rs 1,125 million – Rs 1,350 million through the proposed issue.

What are the business valuations and market outlook for Nutek India IPO?
The company has strong fundamentals which are reflected by its international client list.
Nokia, Ericsson, Motorola, Tata Teleservices, Reliance Communication and Bharti Airtel are some of the major clients of Nutek India Ltd.

Where will the fund raised through Nutek India IPO be used?
The capital raised from Nutek India IPO will be used for capital expenditure, overseas acquisitions and augmenting long-term working capital requirement.

Any ratings assigned to Nutek India IPO?
Yes. CRISIL has assigned a rating of 3/5 to Nutek India IPO. The assign grade indicates that the fundamentals of the issue are average relative to other listed equity securities in India.

The book running lead manager to the proposed issue is SPA Merchant Bankers Ltd and India Infoline Ltd.
Table of Contents
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

0 Comments: Post your Comments

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the owners of this portal. The content should NOT to be reproduced on any other website or through other medium, without the author's AND owners' permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer