Zylog Systems Mulls IPO

Chennai: Zylog Systems Ltd, a Chennai-based information technology company, plans to mop up Rs 100 crore through an initial public issue. It plans to issue 36 lakh equity shares of Rs 10 each through the book-building route. Funds raised will be utilized to part-finance its expansion plans. It is also looking at acquisitions to deepen its domain expertise, expand service lines and access new markets/verticals. The company offers IT services to clients such as United America of Tennessee and Barclays.