Acropetal Technologies IPO: All you want to know

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Issue Terms
Issue price / Floor Price (Rs)	88-90
Application per share (Rs)	88.00
Minimum investment amount (Rs)	5,280.00
Minimum bid (no of shares)	60 shares and in multiples of 60 thereafter
Maximum Shares for Retail	2220

Issue Date and Size
Issue opens	21-Feb-11
Issue closes	24-Feb-11
Listing on	BSE, NSE
Issue size (Rs cr)	170

Company Financials (Rs cr)	2009-12-31
No of months	9
Turnover	151.88
Net profit / (loss)	28.41
Borrowings	131.96

Lead Managers & Registrar
Lead Manager(1)	Saffron Capital Advisors Pvt Ltd
E-mail	acropetal.ipo@saffronadvisor.com
Lead Manager(2)	N.A.
E-mail	N.A.
Registrar	Sharex Dynamic (India) Pvt Ltd
E-mail	atl.ipo@sharexindia.com

Company Contact Details
Company's address	#2/10, 3rd Floor, Ajay Plaza, 1st Main, N.S. Palya, Bannerghatta Road, Bangalore
Pincode	560 076
Tel No.	91 80 4155 9501
Fax No.	91 80 2678 9553
Website	http://www.acropetal.com

Description
Offers a broad spectrum of engineering design services to reduce product  design cycle time and costs.

Objects of Issue
To finance the funds required for our potential acquisitions; To set up a software development centre cum corporate office at Hosur Road, Bangalore; Expansion & establishment of overseas offices; Part repayment of term loans; Additional long term working capital requirements