Addressing presspersons here on Monday, Murthy Josyula, vice-president (operations), said the company is planning for an issue of 25 lakh equity shares of Rs 10 each at a premium of Rs 40 for Rs 12.50 crore. The promoters have already brought in Rs 7.50 crore.

MYM has already initiated the process for this purpose and has appointed Aryaman Financial Services Pvt Ltd as the lead manager. The company will file the prospectus with SEBI in four weeks' time, Murthy said.

The projects include setting up of overseas subsidiaries in the US, Middle-east; $1 million order from SDS Consulting Co, US, for chemical web solutions; $3,27,500 order from UN Security Council for e-trade; Rs 1 lakh order from AP government for data processing, Rs 2 crore order from Stanchart for health scan solutions, etc, Murthy said.

The company hasrecently tied up with Microsoft Consultancy Services for implementing Internet technologies, e-commerce solutions; a two-way tie-up with Wipro Infotech for marketing Wipro products and services; tie-up with Apollo Hospitals Ltd for design, develop and market `E-health Scan' application, expanded its tie-up with public sector CMC Limited for CSP status, developing portals for governments' needs and LAN-WAN-LAN e-commerce solutions, Murthy Josyula said.