good but not apply omnitech or zylog because i.t. company as not good at this time no good result on satyam,infy and tcs so avoid both of them and go the eal estate and infrastructure share
As mid-cap stocks continue to rule Indian stock market, it also seems to be the time for some medium and small IT companies to join the club by testing waters in the IPO market.
A cursory look at the ongoing IPO schedules shows that at least three IT companies: Zylog Systems Ltd, Omnitech Infosolutions Ltd and GSS America Infotech Ltd have lined up their IPOs.
The funds to be raised by these companies may not be as high as the realty majors, but they have an ambition to touch new heights by tapping the market, a market analyst said.
Zylog seeks to raise Rs 120 crore, followed by GSS America with Rs 80 crore and Omnitech Rs 40 crore. "The requirements of these companies are limited so are their IPO sizes," the analyst added.
Zylog earns almost a third of its revenue through partnerships with Systems Integrators, Solution Providers and Value Added Resellers (VARs) and has two global development centres, the biggest of which is located in Chennai.
It is in the process of increasing the offshore capacity. It has purchased 1.1 acre of land off the IT Expressway in Sholinganallur, Chennai and started construction of 80,000 sq ft fully equipped offshore development centre at an estimated cost of Rs 24 crore.