Dhanus Technologies Ltd. is a rapidly growing Communications Services Company, has got the timing right for its IPO and has benefitted hugely from the surge in the secondary capital markets in India.
Overall, the Dhanus Technologies IPO was subscribed by about 28 times (oversubscribed 27 times). Dhanus Technologies is likely to list at a decent premium to its IPO issue price because of good institutional oversubscription. Because of heavy allotment, net returns will be boosted.
The company, incorporated in 1993, offers Telecom Services, is into Tele-services, IT/ ITES and Telematics. The company has a strong product development team specializing in Communication Technologies, Logistics & Unified Messaging.
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