Indian Stocks News - Your Guide To Stocks, Investments and Money - Homepage
Powered By
Home Stocks To Buy Stock Tips Stock Trading Investment Growth Stock Penny Stocks To Buy   Mutual Funds
| Share

Wednesday, June 2, 2010

Fatpipe Networks IPO Information

Fatpipe Networks India has fixed a price band for its IPO at Rs 82-85 a share. The issue will open for subscription on June 7 and will close on June 9, 2010.

The company is planning to raise Rs 49 crore through this issue.

It provides global corporations and government offices with technology that increases the security and reliability of Wide Area Networks, corporate extranets, Virtual Private Networks and all last-mile Internet connections, including wireless connectivity.

The company holds patents on a technology called 'Router-Clustering', which enables customers to obtain highly redundant and fast Internet/WAN access.

Promoters and their group hold 37.29% stake in the company. Major shareholders like Sanchaita Datta, vSpring Management and Ragula Bhaskar have over 16% stake each in the company.

Issue proceeds will be used for expanding the product line with enhanced research and development activities, specifically for development of new product-lines; for establishing 16 new Marketing Offices across the globe including additional offices in the USA; for strategic acquisition of business/ company and for margin money for working capital requirement. The company estimated cost for above objects at Rs 6.76 crore, Rs 10.08 crore, Rs 15 crore and Rs 7.2 crore, respectively.


  1. is that a recommendation? or just info? can we take it as a buy?

  2. seems to me only information.wish they will give some recommendation also

  3. As mentioned in title ..this is only IPO information ... will publish IPO analysis and recommendation soon .. keep reading...

  4. OpenSource4OpenMarkets, an industry trade group, is challenging the legitimacy of the Fatpipe patents in the United Stated, it is likely that the patents will be re-examined and quite possibly overturned.


Leave Your Opinion Here... (All comments are manually moderated)