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Virtual Dynamics Software announces IPO

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CIOL Bureau
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BANGALORE: Virtual Dynamics Software Ltd. (VDSL) has announced its IPO of 15,00,000 Equity shares of Rs 10 each for cash at par aggregating Rs 1.50 crore. An existing three-year company, VDSL is all set to emerge as a key player in the high growth areas of Information technology, with a portfolio of products and strategic alliances.



VDSL focuses on consulting services and executing software development projects for clients globally and is also an approved business partner of IBM Global services, Wipro Systems, Digital Equipment and Compaq computers. VDSL’s strength in design and implementation expertise are showcased in K2, an ERP based product developed in-house. The company’s expansion project has been appraised by Canara Bank, which has provided an assistance of Rs.40 lacks.



VDSL’s immediate plans include expansion of infrastructure facilities including equipment & software, to meet working capital margin requirements, to set up overseas office and for the listing of the company’s Equity shares on the Stock Exchanges of Ahmedabad and Bangalore. The company will shortly provide on-site consulting and offshore development services for SSSI and Appsbrowser.com. The present Issue will open on the June 28, 2000 and will close on the July 1, 2000. The promoters post holding will be 48.33 per cent.

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