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Tejora Technologies files DRHP with SEBI for its IPO

12 Jul 2011 Evaluate

Tejora Technologies has filed draft red herring prospectus (DRHP) with the Securities Exchange Board of India (SEBI). The company is planning to issue 40,00,000 Equity Shares.

Unicon Investment Banking is the book running lead manager and Bigshare Services is the Registrar to the issue.

The company will be using the issue proceeds to set up a Software Development Center at Thane, to finance the funds required for potential acquisitions and to fund the additional working capital requirements.

Tejora Technologies, headquartered in the IT-BPO hub of Mumbai at Mindspace, Goregaon, provides a wide range of Technology Consulting, Cloud Computing & SaaS, Mobile Application Development, Social Network Development, Enterprise Application Development & Maintenance, Product Design, Engineering, Development & Testing and Product Support services.

The company is currently working on the competency based verticals - Logistics & Transportation, Healthcare Services, Telecom & VoIP, BFSI, Education and Manufacturing.

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