Tuesday, July 03, 2007

ALLIED DIGITAL SERVICES LTD - IPO

Type of Issue : Book Built
Issue Opens: 02 July, 2007
Issue Closes: 05 July, 2007
Issue Size : 4,522,435 (No. of Shares)

Lower Price Band: Rs.170
Upper Price Band: Rs.190
Total Issue Size: RS.86 Crores

Application Multiple: 35 and in multiples there off starting with at least 35 shares.

Maximum Shares: 525(for Retail)

Information URL : http://www.alliedindia.com/
Prospectus URL : http://www.sebi.gov.in/dp/allieddrhp.pdf

Company Details :
Address : 375, J. S. S. ROAD, 5th FLOOR, VIDYUT, MUMBAI - 400 002.
Email : ipo@alliedindia.com
Contact Details : 912222002020 /912222064170 (fax)

ISSUE Description:

Company Background
Allied Digital is a leading IT Infrastructure management and Technical Support Services outsourcing Company. ADSL enables global, large and medium enterprises and service providers to reduce their total cost of ownership using a combination of onsite and remote services. It has been a global choice for outsourced technical support services for business-to-business, business-to-consumer, e-commerce and corporate internal environments.

ADSIL has over two decades of experience in technology and enterprise IT infrastructures, successfully implementing, managing and consulting on complex IT and business systems for global businesses.

Working with the industry leaders in technology, ASDIL delivers strategic, personalized, full-service Technical Support services solutions with quality, value and commitment to total customer satisfaction.

Allied Digital enables clients to seamlessly align IT with changing business imperatives thereby enabling maximized benefits and returns. With proven excellence in operations management, high-quality infrastructure, Allied Digital provides a proven and reliable outsourced alternative to global customers.

These capabilities provide the operational footing for a diverse portfolio of value-added solutions including Technology infrastructure Management, simple-to-complex technical support solutions, security lifecycle services and professional services for design and deployment of technology infrastructure.

Allied Digital has over 1000 committed professionals from different managerial and engineering background, operating across 72 locations within India.

Objects of the issue
a) Setting up of a Global Service Delivery Centre b) Upgradation of existing Infrastructure c) Setting up of new strategic Business units d) Strategic Acquisitions e) Financing Working Capital
Key Financials for the year ended March 31, 2007
Revenue Rs.1232.40Mln PAT Rs.3,495Mln
EPS Rs.19.05/- RONW 39.09%
Bennett Coleman and Company Ltd (BCCL) currently holds 5 per cent equity stake in the company.


Recommendation
High growth company in the IT Industry specializing in the NOC & SOC (Network Operation Center and Information Security Operation Center) sector. Must Apply Aggressively.

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