We'll manage shareholder expectations

First, congratulations on the great IPO show reports. After a decision to
not go ahead with an IPO last time, to today with a successful IPO, I am sure
life and business would change a lot from here. Does it bother you a bit?

Yes, we had planned an IPO some time back but the market conditions didn't
seem right. As about the changes ahead and moving forward, the q-o-q routine
would set in for sure. That would be new to us. Also, so far we have been
managing expectations of employees and customers. Now shareholders would join
that pack too. We have been looking forward to it and preparing for a while.

What are the bright points of a public issue, now that you have done one?

To name a few, visibility, a different q-o-q radar, availability of shares
in the market, potential employee attractiveness, improvement in the recruitment
tunnel, better customer awareness.

Would it be right to attribute a good market response to the factor that
OPD is still a white space?

We are in a good market and in a good area. OPD is going on a road where new
versions of software products as well as many disruptive areas are going to
redefine the market. With cloud computing, collaboration, analytics, etc, there
would be some disruptive product development too. This would require OPD
partners to have a better, faster and cheaper product development.

How do you plan to use this growth capital?

Mainly Rs 128 crore would be raised apart from Rs 40 crore as secondary
shares. The first lot has a well defined plan. Rs 76 crore would be pumped in
establishing development facilities and completion of the Hinjewadi and Nagpur
setups. Rs 20 crore would go for hardware, etc, and Rs 3 crore for a SEZ
subsidiary and the rest for general corporate reserves and some for issue
expenses.

Pratima Harigunani

Source: DQ