Husys Consulting Ltd is coming with initial public offering (IPO). The initial public offering (IPO) is of worth Rs 4.20 crore. The IPO will open on 9 September, 2016.
Husys Consulting Ltd Profile:
Husys Consulting Ltd was incorporated in year 2005. Company provides human resource consulting and outsourcing services. In this they offer management, executive, management training development, organizational restructuring, goal setting and planning, executive searching and employment verification services. Additionally, the company provides conflict, performance, compensation, and benefits management services.
Husys main focus is to be the most innovative, trusted partner in delivering cost effective solutions in the arena of Human Resources Development to the Industry & Society. HCL provides service products/solutions that are Customized, Cost & Time effective for Business.
Company is having two promoters. They are
- Gundlapally Ramalinga Reddy
- Gundlapally Praveena
Objective of the IPO:
There are four objective of the IPO. They are
- Repay existing working capital facilities of the company.
- Development of cloud based HR Software platform and upgradation of the existing IT infrastructure for 4 existing branches and 4 new branches.
- Domestic and International Marketing and Business Development.
- Issue expenses.
- Issue Open: Sep 9, 2016 – Sep 19, 2016
- Issue Type: Fixed Price Issue IPO
- Issue Size: 608,000 Equity Shares of Rs 10 aggregating up to Rs 4.20 Cr
- Face Value: Rs 10 Per Equity Share
- Issue Price: Rs. 69 Per Equity Share
- Market Lot: 2000 Shares
- Minimum Order Quantity: 2000 Shares
- Listing At: NSE SME
Husys Consulting Ltd
1-8-505/D/E/A, Husys House,
Prakash Nagar Extension,
Begumpet, Hyderabad- 500016
Phone: +91- 40 6519 5632
Fax: +91- 40 6519 5632
Lead Manager to the Issue:
Sarthi Capital Advisors Private Limited
Registrar to the IPO:
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India