What is the primary business of Nutek India?
NuTek India Limited, one of the largest Telecom Service providers serving almost 98% of the telecom opeartors in India. Nutek offers services to telecommunication equipment manufacturers, telecom operators, and third party infrastructure leasing companies for installing and maintaining telecom network equipment and infrastructure.
How many shares will be offered for sale through the Nutek India IPO?
A total of 4.5 millions shares will be offered for sale through the Nutek India IPO. The issue consists of fresh issue of 3.5 million shares and the offer for sale of 1 million shares.
What is the expected size of the Nutek India IPO?
The company aims to raise Rs 1,125 million – Rs 1,350 million through the proposed issue.
What are the business valuations and market outlook for Nutek India IPO?
The company has strong fundamentals which are reflected by its international client list.
Nokia, Ericsson, Motorola, Tata Teleservices, Reliance Communication and Bharti Airtel are some of the major clients of Nutek India Ltd.
Where will the fund raised through Nutek India IPO be used?
The capital raised from Nutek India IPO will be used for capital expenditure, overseas acquisitions and augmenting long-term working capital requirement.
Any ratings assigned to Nutek India IPO?
| Yes. CRISIL has assigned a rating of 3/5 to Nutek India IPO. The assign grade indicates that the fundamentals of the issue are average relative to other listed equity securities in India. The book running lead manager to the proposed issue is SPA Merchant Bankers Ltd and India Infoline Ltd. | Table of Contents |
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