Four Soft, a Hyderabad-based supply chain management software solutions firm, plans to raise Rs 15 crore through an initial public offering of 1.5 million equity shares at a premium of Rs 90 a share.
The issue will open for subscription in July. The company also plans to raise an additional Rs 10 crore through private equity.
For the financial year ending March 31, 2003, Four Soft registered a profit of Rs. 3.65 crore, a rise of 350 per cent compared with a profit of Rs 1 million a year ago.
The company plans to enhance its international marketing network in Asia Pacific, Europe and USA. It already has clients in Singapore, Malaysia, Thailand, London, India, Colombo and USA.