Chennai-based SIP Technologies and Exports' bookbuilding IPO is opening for subscription on July 12 and is closing on July 18. Lead-managed by Jardine Fleming, the company plans to raise Rs 40-45 crore through this IPO.The company is offering 15 lakh shares and the shares are proposed to be listed at Chennai, Mumbai and NSE.
Incorporated in 1995, SIP Technologies is focussing on Java technology and Internet/web based solutions.
The company has tie-up with Sun Microsystems Inc, Firedrop Inc, KKL AG of Switzerland and Arontis AG in Germany.
SIP Technologies and Exports has four business divisions - Technology Service, Application Consulting, Core Technology and Engineering Application.
Technology Services division will continue to serve Java software division of Sun Microsystems Inc. SIP Technologies and Exports uses the technology in order to provide web-based solutions.
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