Incorporated in 1994, Vishal Information Technologies Limited is one among the first few companies to venture in the field of ITES/BPO services. VITL is in the areas of data digitization, E-publishing and digital library. VITL is a subsidiary of Tutis Technologies who are into Biometric Products, Software Development and consulting. VITL has its branches in Mumbai and Chennai with a representative office in UK and UAE.
VITL is one of the pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. This concept was presented to an UK based institution who promotes the causes and challenges of visually impaired and blind. This concept on e-publishing for visually impaired involves conversion of small print books to large print books and make available as ready to print PDF both in digital, talking book and print format.
Presently VITL focuses on the following business verticals:
1. Data digitization
3. Digital Library
4. Print on Demand (POD)
|Particulars||For the year/period ended (Rs. in lacs)|
|Profit After Tax (PAT)||594.64||1120.20||913.63||732.65||523.84|
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To finance the cost of expansion of the facilities in Chennai;
2. To finance the cost of setting up of Quality Assurance Center and Marketing office in Mumbai;
3. To set up a subsidiary in the United Kingdom and United States of America;
4. General Corporate Purposes;
5. Meeting the Public Issue Expenses.
»» Issue Open: Jul 21, 2008 - Jul 24, 2008
»» Issue Type: Book Built Issue IPO
»» Issue Size: 2,790,000 Equity Shares of Rs 10 aggregating up to Rs 41.85 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 140 - Rs 150 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Jul 21, 2008 17:00 IST||0.0000||0.0000||0.0036||0.0000|
|Day 2 - Jul 22, 2008 17:00 IST||0.0000||0.5795||0.0122||0.0900|
|Day 3 - Jul 23, 2008 17:00 IST||0.0000||0.7340||0.2794||0.2100|
|Day 4 - Jul 24, 2008 17:00 IST||0.4492||1.3584||2.1850||1.1900|
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