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|
| Company |
MRO-TEK Limited
|
| Market Price |
Not listed |
| Lead manager |
DSP Merrill Lynch |
| Listing At |
BSE, NSE and Bangalore
|
| Opening/Closing |
Book bldg: September 4/September 9, Fixed price: September 25/September 28 |
| Promoters |
Sarangan Narayanan, Himadri Nandi
|
| Associate Co. |
RAD - MRO Manufacturing Limited, MRO Marketing Pvt. Ltd
|
| Managing Director |
Himadri Nandi
|
| Post-issue Stake |
31.8% |
| Issue |
|
| Size |
5.11 million shares
|
| Price |
Face value: Rs 5, Floor price: Rs 95
|
| On Application |
Minimum shares retail - 50, others - 1100
|
| On Allotment |
— |
| Objective |
Expansion of manufacturing facilities, marketing facilities, set up corporate office in Bangalore, working capital.
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| Business |
|
| Product |
Virtual Private Networks, Network Encryption, Frame Relays ATM , firewall protection and client encryption.
|
| Location |
Bangalore |
| Project cost |
Rs 369.10 million
|
| Funded by |
Equity, internal accruals
|
| Kensource projections |
(2001) |
| Sales |
Rs 1590 million |
| Profit |
Rs 207 million
|
| Earnings per share |
Rs 10 |
| Forward P/E |
9.5 |
| Return on equity |
18% |
| Comment |
Impressive growth, alliances. Tremendous opportunity for the next two years
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| Rating *
|
B
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* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
Money
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