Book Running Lead Manager to the issue has informed that the Book Building issue of Fatpipe Networks India Limited has been withdrawn. Earlier, the IPO was extended with a revision in price band

Fatpipe Networks IPO, which was subscribed only 0.73 times till its earlier scheduled closing date of Wednesday, June 09, 2010, was extended till Monday, June 14, 2010. Further the price band was also revised from Rs. 82/- to Rs. 85/- per equity share to Rs. 80/- to Rs. 85/- per equity share. However, even till Monday, June 14, 2010, the IPO was bid only 0.88 times on an overall basis (Click here for Fatpipe Networks IPO Bidding Status till Monday, June 14, 2010 1700 hrs IST)

QIB: 0.94 times
Non-Institutional Investors: 2.12 times
Retail: 0.25 times
Overall: 0.88 times

Fatpipe Networks IPO, which was subscribed only 0.73 times till its earlier scheduled closing date of Wednesday, June 09, 2010, has now been extended and the IPO would now close Monday, June 14, 2010, instead of the earlier closing day on Wednesday, June 09, 2010

Further the price band has been revised from Rs. 82/- to Rs. 85/- per equity share to Rs. 80/- to Rs. 85/- per equity share

Stay tuned for latest subscription status updates on Fatpipe Networks IPO!

QIB: 0.85 times
Non-Institutional Investors: 1.52 times
Retail: 0.22 times
Overall: 0.73 times

Fatpipe Networks IPO has received marginal subscription on Day 2, with the IPO getting bid 0.33 times on an overall basis till Day 2 as against 0.32 times on the opening day. The IPO has been bid 62.89% times in QIB Category and about 4.39% in Retail Category with no bids from HNI Category till second day. The IPO closes tomorrow, i.e. on Wednesday, June 09, 2010

Fatpipe Networks India Limited, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. Following is the Fatpipe Networks IPO Bidding Status till Day 2:

Fatpipe Networks India IPO Bidding Status till Day 2, i.e. Tuesday, June 08, 2010 1700 hrs IST:
QIB: 0.63 times
Non-Institutional Investors: 0.00 times
Retail: 0.04 times
Overall: 0.33 times

Fatpipe Networks IPO, which opened for subscription today has been bid about 0.32 times on an Overall Basis on its opening day. The IPO has received 63% subscription in the QIB Category while the Retail Category has been bid about 2.50 times till now

Fatpipe Networks India Ltd. is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. FatPipe's line of products cover an array of features and benefits for companies that run mission critical WAN applications over any type of infrastructure

Fatpipe Networks IPO has been bid about 0.31 times on an Overall Basis till 2 PM on its opening day itself. Fatpipe Networks India Ltd. is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. FatPipe's line of products cover an array of features and benefits for companies that run mission critical WAN applications over any type of infrastructure

Fatpipe Networks India IPO would remain open for subscription till Wednesday, June 09, 2010. The IPO has been assigned an IPO Grade 2 by Credit Rating Agency Brickworks (Click here for more on Fatpipe Networks India IPO)

Issue Opens on: Monday, June 07, 2010
Issue Closes on: Wednesday, June 09, 2010
Price Band: Rs.82/- to Rs.85/- per equity share
Bid Lot: 70 Equity Shares and in multiples thereof
Lead Manager: Keynote Corporate Services Ltd.
Registrar: Karvy Computershare Pvt. Ltd.

Brickwork Ratings India Pvt. Ltd. has assigned an IPO Grade 2 to Fatpipe Networks IPO. This means as per Brickwork, the company has below average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

Fatpipe Networks India Limited, is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. Fatpipe Networks India Limited's core technology, router clustering, involves patented and patent-pending methods that provide the highest levels of optimization, reliability, security and acceleration of Wide Area Networks (WANs) and enable high-speed data transfer through multiple lines, multiple ISPs, and backbones over WANs with seamless reassembly of data streams

Stay tuned for more on Fatpipe Networks India IPO!

The bid lot for the upcoming IPO of Fatpipe Networks Ltd. which opens for subscription from Monday, June 07, 2010, has been fixed at 70 Equity Shares and in multiples thereof. Earlier, the Fatpipe Networks India IPO Price Band is fixed at Rs.82/- to Rs.85/- per equity share

FatPipe Networks India Ltd. is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management

Stay tuned for latest subscription status and other updates on Fatpipe Networks Ltd. IPO!

The object of the issue are to raise capital:

1. To expand the product line with enhanced R&D;
2. To establish 16 marketing Offices across the globe;
3. For strategic acquisition of business / company;
4. To meet margin money for working capital require;
5. To meet the Public Issue Expenses;
6. For General corporate purposes

Fatpipe Networks India IPO Price Band is fixed at Rs.82/- to Rs.85/- per equity share. FatPipe Networks India Ltd. is coming up with an IPO, which would open for subscription from Monday, June 07, 2010

FatPipe Networks India Ltd. is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. The Book Running Lead Manager to the issue is Keynote Corporate Services while Karvy Computershare Pvt. Ltd. is the Registrar to the Issue

Stay tuned to Indian IPO Blog for more on Fatpipe Networks India Ltd. IPO!

FatPipe Networks India Ltd. is coming up with an IPO, which would open for subscription from Monday, June 07, 2010

FatPipe Networks India Ltd. is the inventor and multiple patents holder of technology that provides the highest levels of WAN optimization, reliability, security, and bandwidth management. FatPipe's line of products cover an array of features and benefits for companies that run mission critical WAN applications over any type of infrastructure

The IPO would remain open till Wednesday, June 09, 2010. Check back this blog for latest updates on Fatpipe Networks India IPO!