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April 25, 2000
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Stocks
|
|
| Company |
Omni Ax's Software
|
| Market Price |
Unlisted
|
| Lead manager |
Systematix Corporate Services
|
| Listing At
|
BSE, Chennai
|
| Opening/Closing
|
April 24, 2000/April 27, 2000
|
| Promoters |
P G Senthil, T R Sankara Narayanan, Thilka Vishwanathan, Joy Manuel
|
| Associate Co. |
None
|
| Managing Director |
P G Senthil
|
| Post-issue Stake |
52.50%
|
| Issue |
|
| Size |
Rs 71.2 million
|
| Price |
Rs 15 (Rs 10 per share, Rs 5 premium)
|
| On Application |
Rs 7.50
|
| Allotment |
Rs 7.50 |
| Objective |
Expansion of software development facilities and training center, set up offices at Chennai, the US and Singapore.
|
| Business |
|
| Product |
Customised software, training
|
| Location |
Chennai
|
| Project cost |
Rs 154.8 million |
| Funded by |
Share capital, secured term loan, internal accruals
|
| Kensource projections |
(2001) |
| Sales |
Rs 39 million
|
| Profit |
Rs 19 million |
| Earnings per share |
Rs 1.9 |
| Return on equity |
12% |
| Comment |
Small player with an impressive order book position. Price likely to appreciate in the near future. A short-term investment.
|
| Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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