Jointeca Education Solutions opens above issue price
Shares of educational ERP solutions provider Jointeca Education Solutions opened higher at Rs 15.20 on the BSE SME as against the issue price of Rs 15.
September 04, 2012 / 17:09 IST
Shares of educational ERP solutions provider Jointeca Education Solutions opened higher at Rs 15.20 on the BSE SME as against the issue price of Rs 15.
At 10:57 hours IST: the share was trading at Rs 15.10 after hitting an early high of Rs 15.25. The stock has a 5% circuit limit on either side; upper circuit limit stands at Rs 15.95 while lower limit at Rs 14.45. The company offers educational ERP solutions through its product GuruSeva and its business is concentrated mainly in the Northern Region of India. Company provides services to all kinds of educational institutions and also offers online education through website portal www.shiklo.in.Jointeca raised Rs 5.35 crore through the issue of 35,68,700 equity shares. It proposed to be used for expanding product Guruseva (educational ERP solution) under BOOT model through cloud computing solutions, establishing and expanding infrastructure for B2B educational portal www.shiklo.in, and the promotion and branding expenses for setting up robust sales network for products. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
