"The proceeds of the issue would be utilized to fund the company's investment in the emerging technologies and web-enabled outsourced services," said Mr Karan Puri, Managing Director. The issue opens on October 18 and closes on October 24. The equity shares will be listed at the DSE, BSE and the NSE. The issue is being lead managed by J M Morgan Stanley and ENAM Securities. The company is in the business of transitioning businesses to the internet. The company has business alliances with global industry leaders such as IBM, Microsoft, HP, Compaq and Oracle. The company has projected a revenue of Rs 40.43 crores as against Rs 20.6 crores last year, an increase of nearly 100 per cent.