Jointeca Education Solutions IPO opens for subscription - Indian IPO Blog

Wednesday, August 15, 2012

Jointeca Education Solutions IPO opens for subscription

Jointeca Education Solutions Ltd is an ISO 9001:2008 certified company and provides a range of IT solutions for business in areas of Enterprise Application Solutions and Integrated IT Solutions. Jointeca Education Solutions Ltd's products as GuruSeva in education, Restro in restaurant and Prosav in investment field are designed according to the global market. Jointeca offers educational ERP solutions through its product GuruSeva and its business is concentrated mainly in the Northern Region of India.

The company is coming up with an IPO of 3,568,700 Equity Shares of Rs.10/- each. The shares will be offered at a Fixed Issue Price of Rs.15/- per share. The IPO would remain open for subscription between August 16, 2012 and August 21, 2012

The objects of the issue are:
1. To expand product Guruseva (Educational ERP solution) under BOOT Model through cloud computing solutions;
2. To establish and expand infrastructure for B2B educational portal;
3. To meet the promotion and branding expenses for setting up robust sales network for products

Stay tuned for more on Jointeca Education Solutions IPO

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