Fatpipe Networks India IPO
Fatpipe Networks India Limited (FNI) is entering in the capital markets with an initial public offer of 49 crore. The price band and bid lot for the issue has been fixed at 70 Equity Shares and in multiples thereof. Price Band is fixed at Rs.82/- to Rs.85/- per equity share equity share of Rs 10/-.
Fatpipe Networks provides services to global corporations and government offices with technology that increases the security and reliability of Wide Area Networks, corporate extranets, Virtual Private Networks and all last-mile Internet connections, including wireless connectivity. Fatpipe’s core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams.
Brickwork Ratings India Pvt. Ltd. has assigned an IPO Grade 2 to Fatpipe Networks IPO. This means as per Brickwork, the company has below average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals
The issue opens on Jun 07, 2010, and closes for subscription on Jun 09, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
