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May 29, 2000
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|
| Company |
Zen Soft Solutions |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Ahmedabad |
| Opening/Closing |
May 29, 2000 / June 2, 2000 |
| Promoters |
Cyrus Tareporewalla, Khaza Zaffer Ahmed Ansari, Appi Reddy
|
| Associate Co. |
None
|
| Managing Director |
Cyrus Tareporewalla
|
| Post-issue Stake |
74.36%
|
| Issue |
|
| Size |
Rs 17.10 million
|
| Price |
Rs 10 |
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Expansion of software development center, overseas office
|
| Business |
|
| Product |
Technology solutions, software development
|
| Location |
Hyderabad
|
| Project cost |
Rs 74.83 million
|
| Funded by |
66% promoters' equity, 23% public issue, 10% term loan, 1% retained profit
|
| Kensource projections |
(2001) |
| Sales |
Rs 7.1 million
|
| Profit |
Rs 1.2 million |
| Earnings per share |
Re 0.18 |
| Return on equity |
2% |
| Comment | The company has given fantastic projections (Income - Rs 58.89 million) but has a return on net worth of 1.91% in 1999-2000.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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