Bangalore based IT service provider Acropetal Technology is the latest company to be listed on the bourses today. The IT firm had fixed a price band of Rs 88-90 a share for its Rs 170 crore initial public issue. Acropetal offers IT/ITES solutions and a broad spectrum of engineering design services to reduce product design cycle time and costs.
Chairman and managing director, D Ravi Kumar says he is confident of closing acquisitions in this quarter. He sees significant additions in sales & profit via acquisition. The company plans to open offices in US, Europe and West Asia. Kumar expects CAGR growth of nearly 37% going forward. CNBC-TV18Discover 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!
