|
April 18, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
| Company |
Bangalore Softsell Ltd
|
| Market Price |
Unlisted
|
| Lead manager |
Karvy Consultants, SBI Capital Markets
|
| Listing At
|
Ahmedabad, Bangalore, Madras
|
| Opening/Closing
|
April 17, 2000/April 24, 2000
|
| Promoters |
S Ragothaman, R Usha
|
| Associate Co. |
None
|
| Managing Director |
S Ragothaman
|
| Post-issue Stake |
70%
|
| Issue |
|
| Size |
Rs 97.5 million
|
| Price |
Equity shares of Rs 5 at a premium of Rs. 27.50 per share (Rs 32.50 per share)
|
| On Application |
Rs 32.50
|
| Allotment |
Nil |
| Objective |
Part finance software development facility, overseas offices in USA & UK, meet expenses of issue, list shares at Ahmedabad, Bangalore and Madras
|
| Business |
|
| Product |
Software & migration projects
|
| Location |
Bangalore
|
| Project cost |
Rs 166.5 million |
| Funded by |
Equity and term loans
|
| Kensource projections |
(2001) |
| Sales |
Rs 60 million
|
| Profit |
Rs 12 million |
| Earnings per share |
Rs 1.20 |
| Return on equity |
9 % |
| Comment |
Highly optimistic about the expected profit, the return on equity will fall after the issue, high amount of the expenditure to be incurred on interiors.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Center
Tell us what you think of this feature
|
