22 Apr 07 Dhanus Technologies Limited IPO
Dhanus Technologies Limited, a rapidly growing Communications Services Company is coming out with an IPO. Dhanus Technologies has filed the draft red herring prospectus with SEBI on March 23 2007 and is waiting for SEBI’s approval for the IPO. Dhanus Technologies Ltd was incorporated in 1993. Dhanus Technologies Limited offers Telecom Services and is into Tele services, ITES and Telematics. Dhanus Technologies has a strong product development team specializing in Communication Technologies, Logistics & Unified Messaging. Dhanus Technologies is headquartered in Chennai and has operations in New Delhi and in California, USA.
Dhanus Technologies was recently in the news for launching a new product code named MPINGI, which is an international broadband telephony service for the U.S. market. Through this system, the customer can use his regular phone to make and receive calls through his mobile phone. Dhanus Technologies had recently tied up with 7Hills for integrating the Dhanus Technologies’ logistics system. The lead manager for the Dhanus Technologies IPO is SREI Capital Markets Ltd.
The registrar for the issue is Cameo Corporate Services Ltd, which has earned a reputation of being one of the worst registrars in the country because of the delays faced by a lot of investors in getting their refunds on time. They apparantly don’t care to follow the SEBI guidelines and send the refund through ECS. Many investors complained that they recieved their refunds for redington and indian bank IPO’s through cheques, even though they had given all the required details for getting an ECS refund, to their depositories.
Dhanus Technologies IPO Prospectus
For more information, read the draft red herring prospectus of the Dhanus Technologies IPO.
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