Sunday, May 4, 2008

Aishwarya Telecom Limited IPO

Aishwarya Telecom is an ISO 9001:2000 Certified company manufacturing Test & Measurement Instruments like Mobile Tester, Fiber Optic Tester, Data Tester, Cable Fault Locator, etc and not only in the manufacture of Optic Fiber Cable. In fact, Aishwarya Telecom is one of the important players in the T&M industry, which mainly supplies its products to major telecom operators. Apart from being a prominent player in the domestic Telecom industry, it is a trend-setter in the Indian Telecom Industry in qualitative terms. This statement stands affirmed with Aishwarya Telecom's group turnover crossing Rs. 35 million in its third year of operation. Aishwarya Telecom provides Services nation-wide to organisations in business, industry and government. With a commitment to using Technology innovatively for providing solutions to problems in Telecom Industry, Aishwarya Telecom has developed equipments which match international standards. The continuous upgradation of skills of its R&D Personnel through a succession of training programmes ensures that ATPL stays near the forefront of technology. Adherence to strict quality standards and acquisition of latest components enables ATPL to provide customers with strategic and cost effective solutions in a fast changing and competitive business environment. Aishwarya Telecom Pvt. Ltd. is a registered member of Electronics and Computer Software Export Promotion Council, New Delhi, India's premier export promotion organisation in the areas of Electronics and Computer Software sponsored by the Ministry of Commerce, Govt. of India.

ATPL supplies a wide range of Telecom and Fiber Optic Products to Department of Telecommunications, Public Sectors and Defence Sectors like ECIL, BDL, Research Centre Imarat etc. in India.

ATL is exporting cable fault locators to countries like France, Taiwan, Czech Republic, Riyadh, Dubai etc.

Objects of the issue :

* Achieve the benefits of listing on the Stock Exchanges.
* Fund the Capital Expenditure for Research & Development of Main Frame Optical Time Domain Reflecto Meter (OTDR) in collaboration with IIT, Chennai.
* Fund the Capital Expenditure for Research & Development of Ethernet Traffic Analyzers.
* Fund the cost of Global System for Mobile Communication (GSM)/ General Packet for Radio Service (GPRS)/Code Division Multiple Access (CDMA) Analyzers for providing Technical Audit Services to the Mobile Operators.
* Purchase land & construct building for new corporate, marketing, administrative and R&D office at Hyderabad.
* Purchase land & construction of building for a new production unit at Hyderabad.
* Meet additional working capital requirements for its operations.


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