|
July 6, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
| Company |
Tera Software |
| Market Price |
Not listed |
| Lead manager |
SMIFS Capital Markets, CIL Securities
|
| Listing At |
Hyderabad, Bangalore
|
| Opening/Closing |
July 6 / July 12 |
| Promoters | T Gopichand
|
| Associate Co. |
None
|
| Managing Director |
T Gopichand
|
| Post-issue Stake |
74.04%
|
| Issue |
|
| Size |
Rs 20 million
|
| Price |
Rs 10
|
| On Application |
Rs 5, NRIs Rs 10
|
| On Allotment |
Rs 5
|
| Objective |
Expand scale of operations
|
| Business |
|
| Product |
Software development, consultancy, reselling
|
| Location |
Hyderabad
|
| Project cost |
Rs 80.50 million
|
| Funded by |
Equity and term loan
|
| Kensource projections |
(2001) |
| Sales |
Rs 54.90 million
|
| Profit |
Rs 6 million
|
| Earnings per share |
Re 0.78
|
| Return on equity |
7% |
| Comment | The profit margins are too low for a software company. The growth plans are low key
|
| Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
Tell us what you think of this feature
|
