Tulip Telecom Ltd - IPO

Tulip Telecom Ltd IPO Details

Public Issue of 90,00,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. 120 per equity share aggregating Rs. 108 crores by Tulip IT Services Limited (the company or issuer) (hereinafter referred to as the issue) comprising 9,00,000 equity shares of Rs.10/- reserved for eligible employees of the company and a net offer to public of 81,00,000 equity shares of Rs. 10/- each. The issue would constitute 31.03% of the fully diluted post issue paid up capital of the company. The net offer to the public would constitute 27.93% of the fully diluted post issue paid up capital of the company.The Issue price is 12 times of the face value.

Objective of issue

To expand IP/VPN Wireless Business. To expand network coverage to 130 cities. Improve capab. to provide data voice over IP/Video.

Tulip Telecom Ltd Contact Details

Tulip Telecom Ltd, Karvy House 46, Road No 4 Street No1, Banjara Hills, Hyderabad - 500034

Phone - 91-40-23312454/23320251

Fax - 91-040-23311968

Email - jagdish.patra@tulip.net