Company	Netripples.com Software
Market Price	Not listed
Lead manager	Karvy Investor Services
Listing At	Hyderabad, Ahmedabad and Bangalore
Opening/Closing	August 7/August 11

Promoters	Mazhar Pasha, Jameela Afreen
Associate Co.	Netripples.com Inc., Netripples Software Inc.
Managing Director	Mazhar Pasha
Post-issue Stake	53.44%

Issue
Size	Rs 30 million
Price	Rs 10
On Application	Rs 10
On Allotment	—
Objective	Increase infrastructure facilities, marketing of software development through USA and Canada offices, working capital

Business
Product	Software development, portal development, software training
Location	Hyderabad
Project cost	Rs 74.80 million
Funded by	Equity and term loan (Rs 5 million) from APIDC

Kensource projections	(2001)
Sales	Rs 10 million
Profit	Rs 0.7 million
Earnings per share	Re 0.10
Forward P/E	96
Post-issue share capital	Rs 69.80 million
Return on equity	2%

Comment	Has had a spurt of growth only in the last year. Poor profit margins.
Rating *	D

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt Ltd.

Money

IPO Analysis

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