India: Intrasoft Technologies Files DRHP For IPO.Byline: shiv03 Intrasoft Technologies running a greetings card website, 123greetings.com, has filed the draft red herring prospectus A red herring statement is a document submitted by a company (issuer) who intends on having a public offering of securities (either stocks or bonds). Most frequently associated with an Initial Public Offering (IPO), this registration statement MUST be filed with the Securities with the market regulator SEBI to tap the capital market for an unspecified amount, report the media. The company offers 37 lakh lakh Noun (in India) 100 000, esp. referring to this sum of rupees [Hindi lākh] Noun 1. lakh - the cardinal number that is the fifth power of ten 100000, hundred thousand shares that constitutes 25.12% of post-paid-up capital of the firm. The company intends to utilize the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. proceeds for various purposes including branding and promotion, investment in technology infrastructure, purchasing a corporate office in Kolkata and general corporate purposes. It says it requires Rs.20.15 crore for branding and promotion, Rs.13 crore for purchasing a corporate office and Rs.2 crore for investment in technology infrastructure. The website of the firm offers a range of electronics greeting cards, including multimedia content, designed for catering to varying geographical and religious celebrations, occasions and other events. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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