Compucom Software may raise Rs 40-50cr via QIP

1209 Investors following Compucom Soft. Share this News with them.

0

Like this story, share it with millions of investors on M3

Compucom Software may raise Rs 40-50cr via QIP

In an interview with CNBC-TV18, Surendra Kumar Surana, managing director of Compucom Software, spoke about the latest happenings in his company and the road ahead.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See latest News about Compucom Soft See previous management interviews See what other Experts & Brokerages are saying about Compucom Soft Compucom Soft BSE | NSE 30/05/12 Are Mutual Funds betting on Compucom Soft?

In an interview with CNBC-TV18, Surendra Kumar Surana, managing director of Compucom Software , spoke about the latest happenings in his company and the road ahead. 

Below is a verbatim transcript of the interview. Also watch the video.

Q: Can you just take us through the prospect of entering into the online tutorial business for the company?

A: We are having quite a few good opportunities coming up for us. We have expanded our pre-school business significantly and now we are going to launch into online tutoring and testing along with satellite-based education system as well. We will go into more into the rural India where connectivity problems are there. We will be using satellite based system for online tutoring as well as education and testing. That will be the new thing which we will be adding in 2011-2012.

Q: Could you tell us for this, what kind of investment will you need for FY12 and even for FY13, how will it play out in terms of revenue potential as well?

A: Yes. We are expecting to invest over Rs 40 crore to 50 crore into these kinds of new ventures and we expect revenue growth of around 25-30% for this.

Q: Just can you give us an update on fund raising. You said you are going to invest around Rs 40-45 crore. Is it via the warrants, which you had issued sometime back, or is there a need for future fund raising?

A: We will be probably going for some more future fund raising - maybe some QIP or some other means. We haven't decided yet but we are looking at quite a few good investment opportunities. We may go for some acquisition propositions also.

Q: Could you tell us the size of the likely QIP and when would it take place?

A: In another three months.

Q: How much would you be looking to raise?

A: We will be looking around Rs 40-50 crore.