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|
|
| Company |
Kushal Software
|
| Market Price |
Not listed |
| Lead manager |
The United Western Bank
|
| Listing At |
Pune, Interconnected Stock Exchange
|
| Opening/Closing |
November 8/November 15 |
| Promoters |
Shailendra Tiwari, Rajesh Dogra, P R Inani
|
| Associate Co. |
None
|
| Managing Director |
P R Inani
|
| Post-issue Stake |
24.50%
|
| Issue |
|
| Size |
Rs 55 million
|
| Price |
Rs.10 |
| On Application |
Rs 2.50 |
| On Allotment |
Rs 7.50 |
| Objective |
Expand software development facilities
|
| Business |
|
| Product |
Software for pharma and jewel industry
|
| Location |
Bombay
|
| Project cost |
Rs 115 million
|
| Funded by |
Equity, internal accrual, term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 18.7 million
|
| Profit |
Rs 1.87 million
|
| Earnings per share |
Re 0.19 |
| Forward P/E |
53 |
| Post-issue equity |
Rs 100.06 million
|
| Return on net worth |
2% |
| Comment |
Has invested in client companies, no projects in hand or in the past one year, little experience in proposed project
|
| 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
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