Wednesday, May 7, 2008

Aishwarya Telecom to list on bourses on May 7

Aishwarya Telecom (ATL), engaged in the trading and manufacturing of test and measuring equipments for telecom industry will be listed on bourses on Wednesday, May 07, 2008 after receiving excellent response to its initial public offering (IPO) from investors. The IPO was subscribed 20 times.

ATL tapped the capital market with a public issue of 4 million equity shares of Rs 10 each. SREI Capital Markets helped the company to raise funds through the public issue.

ATL`s main customers are telephone service providers, railways and defence establishments. The company has a small R&D facility at Hyderabad, manufacturing units at Dehradun and Yanam and three marketing offices at Delhi, Mumbai and Hyderabad.

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