Dhanus Technologies

Dhanus Technologies has filed its DRHP with SEBI on 28th March, 07 for a public issue of 42 lakh equity shares of Rs.10 each for about 23.41% dilution of equity, post issue. SREI capital is the BRLM. The company is mainly into three business segments of Tele Cards - V Tele-Global Calling Card, ITES/BPO &amp; software services and telematics - Fleet Tracking Software based on GPS technology. The company has sold over 5 lakh calling card ssince its launch in 2004. For the financial year ending 30th June 06, the total income of the company was at Rs.35.94 crores while PAT was at Rs.13.09 crores on equity of Rs.12.99 crores. For 6 months ending 31-12-06, the total income was at Rs.35.17 crores and PAT of Rs.10.58 crores. The company has estimated total fund requirements of Rs.118 crores and hence the price band could be between Rs.250 to Rs.300 per share. Expanded equity would be placed at Rs.17.94 crores with promoters stake of 40.51% which was at 52.88% pre-issue. The promoters of the company are Mr. A. D. Sudhindra, Mr. V. Narayan Swami and Capt. D. S. Srinivasan. The shares of the company would be listing on BSE and NSE.

Dhanus Technologies

Dhanus Technologies

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