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Our Bureau

Mumbai , Nov. 21

The initial public offering of Compulink Systems Ltd, an IP-led software products and services provider, opens on November 25 and closes on November 30.

The company expects to raise Rs 27.23 crore through this issue, which comprises 45.38 lakh equity shares of Rs 10 each at a price of Rs 60 for cash.

Equity shares will be listed on the NSE and the BSE. The lead manager for the issue is Karvy Investor Services Ltd.

The amount generated from the issue will be used for product development, international marketing, term loan payment, additional working capital and IPO expenses, the company officials said at a news conference.

The promoter's shareholding after the issue will be reduced from the current 53.45 per cent to 35.20 per cent.

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