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Company Information

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IB INFOTECH ENTERPRISES LTD.

20 December 2024 | 12:00

Industry >> IT Consulting & Software

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ISIN No INE678B01021 BSE Code / NSE Code 519463 / IBINFO Book Value (Rs.) 13.65 Face Value 10.00
Bookclosure 20/09/2024 52Week High 245 EPS 5.71 P/E 32.37
Market Cap. 23.69 Cr. 52Week Low 111 P/BV / Div Yield (%) 13.55 / 0.54 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
1987 -The Company was incorporated as a private limited company on 7th December 1987, and subsequently converted into a public limited company on 16th April 1992. Promoted by V. C. Kumaran, Mrs.Vasantha Kumaran, S. R. Mishra & others.

1994 -9,66,200 shares of Rs 10 each issued and subscribed. 53,02,500 shares of Rs 10 each were issued of which 11,67,200 shares were subscribed by Harlon Fine Foods, Singapore, Indian promoters, directors, 10,00,000 shares reserved for firm allotment to NRI, 3,000 shares on preferential basis to employees. 31,32,300 shares to Indian public. 1995 -The Company has issued 41,30,000 No. of Equity shares @ Rs. 10/- per share at par during the year through a public issue.

-In terms of the agreement with M/s.Harlen Fine Foods-Singapore, the Company has issued 631733 equity shares @ Rs.10/- per share at par for Rs.63,17,330 being the 2/3rd value of Technical know-how fees of Rs.94,76,000/- vide R.B.l. dated 17th March,1994.

1996 -3,15,867 equity shares allotted on private placement basis.

1997 -Exports were affected due to uncompetitive price of coconuts in India compared to Phillipine, Malaysis, Indonesis etc. The Company introduced "Harlen Brand" of Mineral Water, Tea and Coconut oil on a trial basis during the year.

1998 -The Company proposes to open branches in Delhi and Jammu.

1999 -The Company's products namely Coconut Spread and Coconut Cream were new to the market and the response for both the items were poor, inspite of Company's vigorous campaign through various means.

-During the year under review, the Company did not incur any expenses on research and development, hence no information on research and development is given.

2011 -Registered Office of the Company has been shifted From 143 - A, Mittal Tower, Nariman Point, Mumbai To 502, Sagar Sangit,Dr. A. B. Nair Road,Juhu,Mumbai.