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Zylog IPO is a book built issue of Rs 126.00 crores.
Zylog IPO bidding started from July 20, 2007 and ended on July 25, 2007. The shares got listed on BSE, NSE on August 17, 2007.
Zylog IPO price band is set at ₹330 to ₹350 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹7,000.
Motilal Oswal Investment Advisors Limited is the book running lead manager of the Zylog IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Zylog IPO RHP for detailed information.
| IPO Date | July 20, 2007 to July 25, 2007 |
| Listing Date | August 17, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹330 to ₹350 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹126.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 12,846,420 |
| Share holding post issue | 16,446,420 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹7,000 |
| Retail (Max) | 28 | 560 | ₹196,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 61.91% |
| Share Holding Post Issue |
Incorporated in 1995, Zylog Systems Limited (ZSL) is a mid-sized solution based IT services provider, offering a wide array of service offerings to multiple verticals. Zylog offers a wide range of services including Application Development, Business Intelligence & Data Warehousing, Package Implementation, Testing etc across multiple domains.
ZSL has adopted a domain specific approach. BFSI contributes 34% of the revenues, telecom contributes about 22% of the revenues. The Company also focuses on Pharma, manufacturing and retail each contributing ~8% of the revenues for FY07.
ZSL's business mix is currently onsite centric (80% in FY06 and ~82% in FY07E). In order to cater to the offshore requirements of existing clients, as well as capture new business with its offshore presence, the company is expanding its offshore infrastructure. Zylog proposes to develop two Offshore Delivery Centers at Sholinganallur and Siruseri in Chennai respectively. With the planned increase in offshore capabilities, Zylog would be able to move greater composition of work offshore and position itself as a midsized offshore service provider.
ZSL's revenues have grown at a CAGR of 58% over FY 03 – FY 07 to Rs 4,034mn ($100mn) and PAT has grown at a CAGR of 56% over the same period to Rs 541mn.
Zylog was promoted by first generation entrepreneurs Mr. Sudarshan Venkatraman and Mr. Ramanujam Sesharathnam who are well qualified with rich management and technical experience.
| KPI | Values |
|---|---|
| RoNW | 26.27% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To set up two state of the art Offshore Development Centres (ODCs);
2. To fund acquisition(s) / strategic investments;
3. To meet the increasing working capital requirement.
The Zylog IPO is subscribed 76.51 times on July 25, 2007 5:00:00 PM. The public issue subscribed 35.13 times in the retail category, 89.55 times in the QIB category, and 143.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | August 17, 2007 |
| BSE Script Code | 532883 |
| NSE Symbol | ZYLOG |
| ISIN | INE225I01026 |
| Final Issue Price | ₹350 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹350.00 |
| ₹525.00 |
| ₹356.20 |
| ₹525.00 |
| ₹431.10 |
| NSE |
|---|
| ₹350.00 |
| ₹557.00 |
| ₹392.00 |
| ₹557.00 |
| ₹427.50 |
Zylog Systems Limited
No. 82/40, First Main Road,
CIT Nagar, Nandanam,
Chennai - 600 035, India
Phone: +91-44-4212 8400
Email: secretarial@zylog.co.in
Website: http://www.zsl.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Zylog IPO is a main-board IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹126.00 Crores. The issue is priced at ₹330 to ₹350 per share. The minimum order quantity is 20 Shares.
The IPO opens on July 20, 2007, and closes on July 25, 2007.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Zylog IPO opens on July 20, 2007 and closes on July 25, 2007.
Zylog IPO lot size is 20 Shares, and the minimum amount required is ₹7,000.
You can apply in Zylog 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Zylog IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Zylog IPO allotment status.
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