D-Link mulls IPO; embarks on an expansion spree

D-link India is planning to come out with an IPO, the amount of which was not disclosed, to part fund its expansions plans at a total cost of Rs 55 crore. The networking products company plans to issue 1523740 equity shares at a face value of Rs 10 during the later part of this month and is awaiting necessary regulatory clearances from SEBI. D-Link plans to use the fund raised from capital markets to set up a third manufacturing plant at Goa and to invest in a new software and R&D centre in Mhape in Mumbai. It may be recalled that the company already has R&D centres in Goa and Bangalore. Fibre optic clean room and structured cabling are the other areas where the company plans to sink in its money.

MT Jeevan in Mumbai