✓
Open
9 Dec 2005
✓
Close
15 Dec 2005
3
Allotment
—
✓
Listing
Thu, Jan 5, 2006
Price Band
₹100 to ₹120
Issue Size
90,00,000 shares (agg. up to ₹108 Cr)
Listing Date
Thu, Jan 5, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 24.75x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Assets | 93.52 | 69.92 | 31.61 |
| Total Income | 195.81 | 343.86 | 276.12 |
| Profit After Tax | 16.73 | 14.02 | 6.67 |
| NET Worth | 53.16 | 46.76 | 18.74 |
| Reserves and Surplus | 31.57 | 20.85 | 6.83 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expand our Internet Protocol / Virtual Private Network (IP/VPN) Wireless business | |
| 2 | Expanding our network coverage to 130 cities of the country | |
| 3 | Improving our capability to provide data/ voice over IP/ video connectivity with | |
| 4 | To meet additional working capital requirements as a result of the expansion of our Wireless based IP/ VPN business, and to meet pre-operative and preliminary expenses for the proposed expansion, including Issue expenses | |
| 5 | To achieve the benefits of listing our Equity Shares | |
| Total | 0.00 |
About Tulip IT Services IPO
Incorporated in 2002, Tulip IT Services Limited is engaged in providing IT infrastructure, network integration, and connectivity solutions. The company offers network integration and management services, including the design, development, implementation, and maintenance of networks for corporate and government clients. Its services include wireless networking, networking infrastructure, facility management, security services, and remote network management. Tulip IT Services Limited also provides IP/VPN wireless connectivity solutions for inter-city and intra-city data communication through its “Tulip Connect” platform. The company delivers connectivity solutions to corporate clients using a combination of leased lines, fibre optic networks, and wireless infrastructure. The company operates through a hybrid business model comprising network integration services and IP/VPN wireless connectivity services. It also provides rural connectivity solutions for state governments and agencies. Tulip IT Services Limited has a presence across multiple cities in India and serves clients through its nationwide network infrastructure and support services.+ Read More
Contact Details
Tulip IT Services Ltd. AddressC-160, Okhla Industrial AreaPhase-INew Delhi, New Delhi, 110020+91 011- 5167800ipo@tulipit.comVisit Website