Fatpipe Networks India Limited, owned by DR. RAGULA BHASKAR, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management.
Fatpipe's core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams. Fatpipe technology affords companies, that run mission critical WAN applications over any type of infrastructure, automatic and dynamic failover of a downed data line due to a WAN component, line or service failure.
Company holds 7 patents on a technology called "Router-Clustering," which enables customers to obtain highly redundant and fast Internet/WAN access. FatPipe sells its products worldwide through a network of 2 authorized distributors and over 500 resellers. FatPipe is proposing to expand its operations to China, Singapore, South Africa, Kenya, Nigeria, Argentina, Belgium, Germany, France, Eastern Europe and Australia. Fatpipe will be setting up a wholly owned subsidiary in the US to expand US operations and to solicit government business.
The object of the issue are:
1. To expand the product line with enhanced R&D;
2. To establish 16 marketing Offices across the globe;
3. For strategic acquisition of business / company;
4. To meet margin money for working capital require;
5. To meet the Public Issue Expenses;
6. General corporate purposes.
»» Issue Open: Jun 7, 2010 - Jun 9, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 49.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 82 - Rs. 85 Per Equity Share
»» Market Lot: 70 Shares
»» Minimum Order Quantity: 70 Shares
»» Listing At: BSE, NSE
Brickwork Ratings India Pvt. Ltd has assigned an IPO Grade 2 to Fatpipe Networks IPO. This means as per Brickwork, company has below average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Check IPO Ratings from other stock analysts.
Attn Members: Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Fatpipe Networks India Limited has been withdrawn.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||2,987,805||896,341||2,091,464||5,975,610|
|Day 1 - Jun 7, 2010 17:00 IST||0.6289||0.0000||0.0250||0.3200|
|Day 2 - Jun 8, 2010 17:00 IST||0.6289||0.0000||0.0439||0.3300|
|Day 3 - Jun 9, 2010 17:00 IST||0.8485||1.5218||0.2217||0.7100|
|Day 4 - Jun 14, 2010 17:00 IST||0.9400||2.1200||0.2500||0.8800|
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