Dhanus Tech IPO oversubscribed 25.35 times

By CROW -

Dhanus Technologies knocked the doors of the capital market via IPO to raise fund up to Rs 1,131.32 million. It plans to float 3,835,000 shares of face value of 10 each at price band of Rs 280 to Rs 295 a share.

Incorporated in 1993, DTL commenced telecom based services and software businesses in 1996. In June, 2004, it launched its world`s prepaid calling cards product. Thereafter, DTL build-up an extensive network of dealers, agencies and direct marketing associates in India, South East Asia and West Asia. DTL has wireless license for launching FleeTrac services, which aims at the Indian logistics segment.

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