Thursday, Apr 22 2021 | Time 22:55 Hrs(IST)
image
  • Concrete action needed to combat climate change: PM
  • COVID: Delhi reports 306 fatalities, 26,169 new cases; positivity rate swells to 36 24 pc
  • PM Modi cancels Bengal visit, to hold high level review meetings on COVID situation
  • CSIR-CMERI develops oxygen enrichment unit to combat nationwide oxygen supply shortage
  • Top 2 seeds in Men' Singles event, set up a summit clash at AITA Men's Open Tennis Tournament
  • TECNO ropes in Bollywood Superstar Ayushmann Khurrana as its Indian brand ambassador for 2021
  • EC prohibits road shows, pad-yatras, vehicle rallies for remaining two phases of West Bengal Assembly polls
  • COVID: HP sees 1,774 new cases, 18 die
  • Turnout around 80 per cent in sixth phase in Bengal
  • COVID-19: Karnataka reports 25,795 cases, highest single day hike
  • Out source employees to get incentive of Rs 200 per shift: CoM
  • PM cancels West Bengal tour
  • Sardar Patel Covid Care Centre at Chhatapur to reopen within 3 days
  • Foreign Ministers of Afghanistan, Pakistan, Turkey to meet in Istanbul: Ankara
  • UP adds 34,379 fresh Covid-19 cases, 195 deaths
Business Economy


Husys Consulting Limited to launch IPO on Sept 9

Hyderabad, Sept 7 (UNI) Hyderabad-based leading HR Services Company Husys Consulting Limited will launch IPO on September 9.
Husys is all set to offer its equity to Public through fresh IPO on NSE - EMERGE designed for SME’s in India, making it the first HR Company and also the first ever company from Telangana to be listed on the platform, a company statement said here today.
The subscription opens on September 9 (Friday)and closes on September 19 (Monday).
The IPO issue price is Rs 69 and issue type is Fixed Price. The company will raise Rs. 4.19 crore through the public offer of 608, 000 equity shares. The minimum lot size is 2000 shares and in multiples thereafter.
The Lead Manager of the issue is Sarthi Capital Advisors Pvt. Ltd, Mumbai, Registrar and Transfer Agent is Karvy Comuptershare Pvt Ltd, Hyderabad, Market Maker is Choice Equity Brokering Private Limited and the Bankers of the issue are Yes Bank and Axis Bank.
The Company proposes to utilize the net proceeds from IPO capital to be used in repaying working capital facilities of the company, development of cloud based HR Software platform, and up-gradation of the existing IT infrastructure for four existing branches; expansion in both domestic and international markets.
Commenting on the IPO launch, GundlapallyRamalinga Reddy, Founder& Managing Director, Husys Consulting Ltd, said “We have launched a Franchise program in India to catch-up with the growing needs of SMEs in India. Through this program we would like to reach 25 cities in this financial year and 75 cities in next two years.” Outlining vision of the company Mr. Reddy said “Through the Company’s cloud based technology driven by a combination of Social, Cloud, and Mobile technologies, commonly referred as SOCOMO;we would like to enable at least 10 lakh of client employee users by December 2017.”
Husys posted total revenue of Rs 1245 lakh in FY16 as against Rs 926 lakh in FY15. The company recorded a net profit of Rs 38.38 lakh in FY 15-16 as compared to Rs 24.07 lakh in FY14-15.
UNI VV CS 1719
More News

TECNO ropes in Bollywood Superstar Ayushmann Khurrana as its Indian brand ambassador for 2021

22 Apr 2021 | 9:44 PM

Kolkata, Apr 22 (UNI) TECNO, the global premium smartphone brand, announced Bollywood
superstar Ayushmann Khurrana as its brand ambassador.

see more..

Indus Towers announces consolidated results for fourth quarter & full year ended Mar 31, 2021

22 Apr 2021 | 8:44 PM

Kolkata, Apr 22 (UNI) Indus Towers Limited (Formerly Bharti Infratel Limited)) on Thursday
announced its audited Consolidated results for the fourth quarter and full year ended March 31,
2021.

see more..

Uber partners with HelpAge India for 25k free rides for vaccinating elderly

22 Apr 2021 | 7:11 PM

Mumbai, Apr 22 (UNI) Uber on Thursday said that it has partnered with HelpAge India, a leading national NGO, dedicated to serving the disadvantaged elderly.

see more..
Rekha M Menon appointed as Chairperson of NASSCOM for 2021-22

Rekha M Menon appointed as Chairperson of NASSCOM for 2021-22

22 Apr 2021 | 6:46 PM

Kolkata, Apr 22 (UNI) The National Association of Software and Services Companies
(NASSCOM), on Thursday announced the appointment of Rekha M. Menon, Chairperson
and Senior Managing Director at Accenture in India as its Chairperson for 2021-22.

see more..

Torrent Power awarded long-term PPA for 300 MW solar power generation in Gujarat

22 Apr 2021 | 6:31 PM

Ahmedabad, Apr 22 (UNI) Torrent Power Limited has been awarded a long-term power purchase arrangement (PPA) for 300 MW capacity of solar power generation to be set up in Gujarat, from the licensed distribution business unit of the company towards fulfilment of its Renewable Purchase Obligation (RPO).

see more..
image