|
|
|
| Company |
Aztec Software and Technologies
|
| Market Price |
Not listed |
| Lead manager |
JM Morgan Stanley
|
| Listing At |
Bangalore, Bombay, NSE
|
| Opening/Closing |
Book bldg: October 12/October 18 Fixed Price: November 2/November 9
|
| Promoters |
S Parthasarthy, V Swaminathan, e4e Holdings
|
| Associate Co. |
Aztec Software Inc, e4e Labs Pvt Ltd, e4e Holdings Ltd.
|
| Managing Director |
S Parthasarthy
|
| Post-issue Stake |
around 56%
|
| Issue |
|
| Size |
Rs 520 million
|
| Price |
Face value: Rs 3, Floor price: Rs 80 |
| On Application |
Minimum shares retail: 50, others: 1050
|
| On Allotment |
— |
| Objective |
e-engineering solutions in database technologies, data warehousing, ASP integration for B2B exchanges, product development
|
| Business |
|
| Product |
Software development, e-commerce related services, banking solutions, WAP solutions, manpower consultancy, software consultancy, software education
|
| Location |
Bangalore
|
| Project cost |
Rs 520 million
|
| Funded by |
Equity |
| Kensource projections |
(2001) |
| Sales |
Rs 700 million
|
| Profit |
Rs 210 million
|
| Earnings per share |
Rs 5.23 |
| Forward P/E |
16 |
| Post-issue equity |
NA
|
| Return on equity |
NA
|
| Comment |
Has turned profit making only last year. Powerful growth has started now. Backed by Silicon Valley billionaire KB Chadrashekhar. Worth buying at Rs 60.
|
| Rating *
|
E
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
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