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Open
28 Nov to 3 Dec, 2005
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Close
28 Nov to 3 Dec, 2005
3
Allotment
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Listing
Tue, Dec 20, 2005
Price Band
₹225 to ₹250
Issue Size
39,60,444 shares (agg. up to ₹99 Cr)
Listing Date
Tue, Dec 20, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 22.95x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 34.64 | 26.43 | 22.10 |
| Total Income | 19.42 | 53.28 | 18.06 |
| Profit After Tax | 6.24 | 8.96 | 3.09 |
| Reserves and Surplus | 17.22 | 10.98 | 3.20 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up Infrastructure for manufacturing 10,000 Anti Collision Devices, 200.24 1000 Auto Driving Devices for Sky-Bus Metro Mass Transit System and 500 Advanced Railway Signal Systems per annum | 20.02 |
| 2 | Establishing Intelligent Transportation Technology Centre for 223.88 simulation & testing of advanced transportation control systems | 22.39 |
| 3 | Undertaking Special R&D Projects | 7.52 |
| 4 | Establishing Marketing Headquarters and 4 International marketing offices | 12.41 |
| 5 | Establishing Field and maintenance offices at various places in India | 1.51 |
| 6 | To meet working capital requirements | 18.17 |
| 7 | Contingencies | 9.00 |
| 8 | To meet Issue expenses | 8.00 |
| Total | 99.01 |
About Kernex Microsystems IPO
Incorporated in 1991, Kernex Microsystems (India) Ltd. is engaged in the development, manufacturing, installation, and maintenance of railway safety and signalling systems. The company develops anti-collision systems (ACDs) and related railway safety solutions for Konkan Railway Corporation Ltd., primarily designed for medium to low-speed and low-density railway networks in India and other developing countries. Kernex Microsystems (India) Ltd. holds an exclusive license in India for the manufacturing, installation, commissioning, and maintenance of ACD systems and also acts as an outsourced manufacturing facility for Konkan Railway Corporation Ltd. The company is also involved in the development of advanced railway signalling and transportation safety systems and holds exclusive marketing rights for ACD systems outside India.+ Read More
Contact Details
Kernex Microsystems (India) Ltd. AddressTHRUSHNA‚ Plot No.7Software Units LayoutInfocity, MadhapurHyderabad, Telangana, 500081040-23113192-94ipo@kernex.inVisit Website