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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.
| IPO Opening Date | Jun 7, 2010 |
| IPO Closing Date | Jun 9, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹82 to ₹85 per equity share |
| Market Lot | 70 Shares |
| Min Order Quantity | 70 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹49.00 Cr) |
The Fatpipe Networks IPO market lot size is 70 shares. A retail-individual investor can apply for up to 33 lots (2310 shares or ₹196,350).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 70 | ₹5,950 |
| Maximum | 33 | 2310 | ₹196,350 |
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.
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.
The Fatpipe Networks IPO is subscribed 0.88 times on 6/14/2010 5:00:00 PM. The public issue subscribed 0.25 times in the retail category, 0.94 times in the QIB category, and 2.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.94 |
| NII | 2.12 |
| Retail | 0.25 |
| Total | 0.88 |
Fatpipe Networks India Limited
3rd Flr Northern Wing Greams,
Dugar No.68 Greams Road,
Chennai - 600006, Tamil Nadu, India
Phone: 91- 44 - 28291265
Email: sanch@fatpipeinc.com
Website: http://www.fatpipe.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://karisma.kfintech.com/
Fatpipe Networks IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹49.00 Crores. The issue is priced at ₹82 to ₹85 per equity share. The minimum order quantity is 70 Shares.
The IPO opens on Jun 7, 2010, and closes on Jun 9, 2010.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Fatpipe Networks IPO opens on Jun 7, 2010 and closes on Jun 9, 2010.
Fatpipe Networks IPO lot size is 70 Shares and the minimum order quantity is 70 Shares.
You can apply in Fatpipe Networks IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Fatpipe Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Fatpipe Networks IPO allotment status.
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they got what they deserved.
same shud've been the fate of ntpc,sjvnl etc. etc.