(Repeats story issued late on Tuesday)
MUMBAI, June 26 (Reuters) - Software systems management firm
Allied Digital Services Ltd., said on Tuesday it had set a price
band of 170-190 rupees a share for its forthcoming initial public
offer.
The 4.52 million-share offer, which represents 25 percent of
the post-issue capital, would raise 859 million rupees at the top
end of the price band. The company plans to use the funds for
expansion, and acquisitions.
Allied Digital said it reported a net profit of 229.3 million
rupees on revenue of 1.56 billion rupees in the year to March
2007.
Anand Rathi Securities is the lead manager to the issue, the
company said in a statement.
((Reporting by Narayanan Somasundaram, editing by Rosemary
Arackaparambil; Reuters Messaging;
[email protected]; +91 22 6636
9068))
Keywords: ALLIED IPO/