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Open
28 Sep to 5 Oct, 2006
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Close
28 Sep to 5 Oct, 2006
3
Allotment
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Listing
Mon, Oct 30, 2006
Price Band
₹75 to ₹90
Issue Size
56,35,950 shares (agg. up to ₹42 Cr)
Lot Size
70 Shares
Listing Date
Mon, Oct 30, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.19x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Assets | 136.15 | 112.73 | 93.51 | 112.63 | 95.10 |
| Total Income | 170.43 | 136.82 | 140.82 | 151.53 | 155.31 |
| Profit After Tax | 9.71 | 4.22 | -3.00 | 2.74 | 4.67 |
| NET Worth | 60.74 | 53.08 | 29.80 | 32.78 | 30.77 |
| Reserves and Surplus | 43.40 | 35.74 | 16.80 | 19.78 | 17.77 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| HOV Services Ltd. | Mainboard | ₹81.00 Cr | ₹200 | null | ₹180.30 | -9.85% | ₹73.88 (+0.35%) |
| R Systems International Ltd. | Mainboard | ₹110.21 Cr | ₹250 | null | ₹249.65 | -0.14% | ₹255.09 (+1.11%) |
| Bartronics India Ltd. | Mainboard | ₹48.75 Cr | ₹75 | null | ₹110.60 | +47.47% | ₹7.23 (+0.56%) |
| Paradyne Infotech Ltd. | Mainboard | ₹13.86 Cr | ₹42 | 6.36 | ₹75.35 | +79.40% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To fund the global business expansion plans including development of the overseas marketing and sales infrastructure and to acquire or invest in strategic businesses | 30.00 |
| 2 | To increase the ESS and BPO capacities, by expanding existing facilities | 9.00 |
| 3 | Working capital requirements and general corporate purposes | 20.00 |
| Total | 59.00 |
About Accel Frontline IPO
Accel Frontline Limited, formerly known as Accel ICIM Frontline Limited, is an end-to-end information technology (IT) services provider. It operates in four business units. The IT Infrastructure Solution unit helps customers to assess, build, deploy and optimize IT infrastructure for mission critical applications. This unit offers technology products and solutions, data/storage consolidation management, enterprise network deployment, disaster recovery/business continuity platform, and IT security consulting and implementation.The IT Infrastructure Management Services unit is engaged in system integration, facilities management, software services and outsourcing. The Enterprise Software Solutions unit specializes in providing enterprise resource planning consulting, application management, custom application development and Web services. The Business Process Outsourcing Services unit provides warranty outsourcing and technical helpdesk services to 10 IT and telecom product companies.+ Read More
Contact Details
Accel Frontline Ltd. AddressIII Floor, New No.75 (Old No.124)Nelson Manickam RoadAminjikaraiChennai, Tamil Nadu, 600029+91 44 4225 2000neel@accelfrontline.inVisit Website