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| OFFER AT A GLANCE |
| Issuer Name | ADCC Infocad Ltd |
| Offer Amount | Rs 9.60 cr |
| Offer Quantity | 24 lakh shares of Rs 10 each |
| Offer on Total Equity | 26.50% |
| Post-issue Promoter-stake | 44.70% |
| Post-IPO Capital | Rs 9.06 cr |
| Offer Price | Rs 40 |
| Application Quantity | 3000 & Multiples of 3,000 |
| Offer Opens | 30-Sep-14 |
| Offer Closes | 08-Oct-14 |
| Listing | SME Platform of BSE |
| Rating | Nil |
| Lead Manager | Hem Securities |
| Underwriter | Hem Securities (100%) |
| Market Maker | Hem Securities |
| Registrar | Bigshare Services |
The Issue
The present offer is a fresh issue of 24 lakh shares of Rs 10 each at a fixed price of Rs 40 a piece aggregating to Rs 9.60 cr of which 1.2 lakh shares (Rs 48 lakh) will be reserved for the `Market Maker’. On the post-IPO equity of Rs 9.06 cr, the promoters will have a stake of 44.7%. Investors should apply for a minimum quantity of 3000 shares. Hem Securities is playing the combined role of lead manager, underwriter and market maker to the issue.
Issue Object
The company is primarily in the business of IT and IT enabled services such as Geospatial Services, Engineering design services, etc. The proceeds of the issue are to be utilized for the following: Purchase of New Technical Equipment Rs 56 lakh, Software Rs 42 lakh and Hardware Rs 18 lakh; Part-financing long term Working Capital Rs 700 lakh; International Marketing & Branding Expenses Rs 49 lakh; and General Corporate Purpose Rs 78 lakh. The fund requirement and deployment is based on internal management estimates and have not been appraised by any bank or financial institution.
Pedigree
The 16-year old ADCC Infocad Ltd (AIL) is part of the Nagpur-based Meghe Group which has varied interests in the fields of basic and professional education, banking, infrastructure, information technology, textile, power, media & entertainment. Originally incorporated as ADCC CAD Technology Private Ltd in May 1998 by Dhananjay Gawande and Shashikant Choudhari, AIL was taken over by the Meghe group in November 2002.
Under the new management, the company has reportedly expanded into the services sector providing turnkey solutions in the field of information technology and services, geospatial services, application development, energy solutions services, state & regional remote sensing applications and management of overall infrastructure. The company claims to have emerged as a global premier software solution provider through its alliance with world leaders like Autodesk Inc. USA - world‘s one of the largest design content company, Mathworks (Matlab), Dassault (Catia), Adobe, Digital Globe India & Africa (High Resolution Satellite Imageries), Integraph (Erdas Imaging & LPS Software and extensions) Siemens, Sanako (Language Lab), National Instruments (Experiential Engineering Laboratories), ESRI (GIS mapping solution, software, services).
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