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May 29, 2000
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Stocks
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|
| Company |
Sagarsoft (India) |
| Market Price |
Not listed |
| Lead manager |
Karvy Investor Services |
| Listing At |
Hyderabad, Bangalore |
| Opening/Closing |
May 29, 2000 / June 3, 2000 |
| Promoters |
Sreekanth Reddy, S Veera Reddy
|
| Associate Co. |
None
|
| Managing Director |
Sreekanth Reddy
|
| Post-issue Stake |
75%
|
| Issue |
|
| Size |
Rs 27.8 million
|
| Price |
Rs 20 (Rs 10, premium Rs 10)
|
| On Application |
Rs 20
|
| On Allotment |
Nil
|
| Objective |
Opening of offices in New York and Geneva, expansion of software development facility in Hyderabad
|
| Business |
|
| Product |
Software development, networking, training and marketing
|
| Location |
Hyderabad
|
| Project cost |
Rs 55.80 million
|
| Funded by |
Equity
|
| Kensource projections |
(2001) |
| Sales |
Rs 203.57 million
|
| Profit |
Rs 24.42 million |
| Earnings per share |
Rs 4.39 |
| Return on equity |
21% |
| Comment | At an EPS of 4 and a price of Rs 20, the stock is undervalued. But keep a watch on the quarterly figures.
|
| Rating *
|
B
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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