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Open
20 Jul 2007
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Close
25 Jul 2007
3
Allotment
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Listing
Fri, Aug 17, 2007
Price Band
₹330 to ₹350
Issue Size
36,00,000 shares (agg. up to ₹126 Cr)
Lot Size
20 Shares
Listing Date
Fri, Aug 17, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 75.53x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| MindTree Consulting Ltd. | Mainboard | ₹237.72 Cr | ₹425 | null | ₹621.20 | +46.16% | (+0.00%) |
| Cambridge Technology Enterprises Ltd. | Mainboard | ₹24.00 Cr | ₹38 | null | ₹100.90 | +165.53% | ₹31.27 (-2.69%) |
| Tech Mahindra Ltd. | Mainboard | ₹465.23 Cr | ₹365 | null | ₹554.25 | +51.85% | ₹1,510.30 (+0.85%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up two state of the art Offshore Development Centres (ODCs) | 6.67 |
| 2 | To fund acquisition(s) / strategic investments | |
| 3 | To meet the increasing working capital requirement | 8.19 |
| 4 | To meet the issue expenses |
About Zylog Systems IPO
Incorporated in 1995, Zylog Systems Limited (ZSL) is a mid-sized solution based IT services provider, offering a wide array of service offerings to multiple verticals. Zylog offers a wide range of services including Application Development, Business Intelligence & Data Warehousing, Package Implementation, Testing etc across multiple domains.ZSL has adopted a domain specific approach. BFSI contributes 34% of the revenues, telecom contributes about 22% of the revenues. The Company also focuses on Pharma, manufacturing and retail each contributing ~8% of the revenues for FY07.ZSL's business mix is currently onsite centric (80% in FY06 and ~82% in FY07E). In order to cater to the offshore requirements of existing clients, as well as capture new business with its offshore presence, the company is expanding its offshore infrastructure. Zylog proposes to develop two Offshore Delivery Centers at Sholinganallur and Siruseri in Chennai respectively. With the planned increase in offshore capabilities, Zylog would be able to move greater composition of work offshore and position itself as a midsized offshore service provider.ZSL's revenues have grown at a CAGR of 58% over FY 03 – FY 07 to Rs 4
Contact Details
Zylog Systems Ltd. AddressNo.82/40, First Main RoadCIT NagarNandanamChennai, Tamil Nadu, 600035+91-44-4212 8400secretarial@zylog.co.inVisit Website