|
|
|
| Company |
Twin Cities Infotech
|
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Ahmedabad, Hyderabad
|
| Opening/Closing |
September 14/September 20 |
| Promoters |
Prakash Kanyadara, Ravi Chandra Bobba, Shukur Mohammad, Sambashiva Rao Bhashyam, Venkateshwaralu I
|
| Associate Co. |
None
|
| Managing Director |
Prakash Kanyadara
|
| Post-issue Stake |
42.77%
|
| Issue |
|
| Size |
Rs 14.1 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Funding of software development project, set up overseas office.
|
| Business |
|
| Product |
Offshore software development, web-enabled busines/e-commerce product development |
| Location |
Hyderabad |
| Project cost |
Rs 60 million
|
| Funded by |
Equity, term loan and internal accruals
|
| Kensource projections |
(2001) |
| Sales |
Rs 11 million |
| Profit |
Rs 0.79 million
|
| Earnings per share |
Re 0.15 |
| Forward P/E |
66 |
| Post-issue equity |
Rs 51.75 million
|
| Return on equity |
4% |
| Comment |
Erratic and slow growth, lack of clear focus, company is too small
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
Tell us what you think of this analysis
|
