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Tuesday, February 27, 2007

IT People files DRHP with Sebi

IT People India is an e-Recruitment & Consulting Public listed company, providing human capital solutions for IT & ITES industry on a global basis and has BS 7799 & ISO 9001-2000 Certifications.

The company is proposing to make a follow-on public offering, FPO of equity shares to the tune of Rs 45.25 crore through 100% book building process and has filed its draft red herring prospectus, DRHP with Sebi and Bombay Stock Exchange.

The above FPO has been planned to generate additional resources to meet its expansion needs such as investment in technology infrastructure, product enhancement and business expansion.

Khandwala Securities and Religare Securities are the book running lead managers to the proposed issue and TSR Darashaw is the registrar to the issue, as per press release.

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