AurionPro IPO Information

The 30 lakh book built IPO will have a price band of Rs 81-90 per share
 
aurionPro Solutions will launch its Initial Public Offering (IPO) of30,00,000 equity shares of Rs 10 each through the 100% book buildingprocess with a price band of Rs 81 to Rs 90 per share. The issue opens onTuesday, 27 September 2005 and will close on Tuesday 4 October 2005.
 
Of the total issue, the company has reserved 250,000 equity shares of Rs 10each for its employees. The book running lead managers (BRLMs) to the issueare Centrum Capital and Karvy Investor Services.
 
 The proceeds of the issue will be deployed to expand currentinfrastructure, increase footprint in overseas markets and growinorganically through acquisition of products and customers. aurionProSolutions is an eight year old specialized software solutions companycatering to the Banking & Financial Services and Insurance (BFSI) sector.
 
 aurionPro's strategy revolves around creating products that are beneficialto banks in enhancing their fee-based income and complementary to theircore banking IT investments. The company's current product range is in thedomain of cash management, treasury and risk management. The company hasbeen able to compile a marquee client list of names such as HDFC Bank, DBSBank, UTI Bank, Centurion Bank, BankServ Inc, Qatar Insurance, and ABN Amroamong other leading BFSI players.
 
 aurionPro has embarked on a journey to attain leadership position in itschosen domain over the next three years by setting specific targets withrespect to size, focus and markets. The company plans to continue enhancingtheir products as per the emerging nature of their domain. The company hasalso continued with its historical offering of web-based IT solutions inthe non-BFSI sectors. This has also helped the company maintain bestpractices in product implementation, offshore delivery and technologyadoption.
 
 The company proposes to list its equity shares on the Bombay StockExchange (BSE) and the National Stock Exchange (NSE). aurionPro Solutionsis an ISO 9001:2000 certified company headquartered in Mumbai, India with asubsidiary each in Singapore and USA.