Hyderabad, April8, 2003 -- Four Soft, a city-based supply chain management software solutions company, is planning to raise Rs 15 crore from the market.
The company is planning to go public in july with its premium issue. The company plans to fix a premium of Rs 90 per share, Four Soft managing director Palem Srikanth Reddy told reporters.
While still working on the premium for its IPO, the company is in the progress of raising another Rs 10 crore through private placement. "We are in advanced stage of talks with strategic partners for raising this amount,: he said.
Majority of the fund raised through the issue would be invested in strengthening the company's marketing network. The company is planning to enhance its international marketing network in Asia Pacific, Europe and the US. Four Soft already has clients in Singapore, Malaysia, Thailand, London, Colombo and the US. "The issue proceeds will also be utilised to enhance business process, infrastructure, product development and to increase global sales network," Reddy said.
The company has two flagship products -- eSuppy SP for service providers and eSupply EP for enterprises. eSupply SP is the first fully web centric enterprise operating system designed to execute comprehensive transportation and logistics activities from different locations on a single, integrated application. It also includes supporting modules for accounting and CRM, he explained.
Four Soft registered a turnover of Rs 7.5 crore in the year ended March 2003. However, for the first quarter of the current financial year, the comapny is projecting a turnover of Rs 5 crore. During the previous year, the company registered a net profit of Rs 3.65 crore. |
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