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April 7, 2000
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Stocks
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|
| Company |
Vantel Technologies Ltd.
|
| Market Price |
Unlisted
|
| Lead managers |
Karvy Investor Services Ltd, ASK Raymond James
|
| Listing At
|
Bangalore & Hyderabad
|
| Opening/Closing
|
April 6, 2000/April 11, 2000
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| Promoters |
Prasad Yenigalla, J A Chowdhary |
| Associate Co. |
Magma Solutions Inc, USA, Magma Solutions India Ltd.
|
| Managing Director |
Prasad Yenigalla
|
| Post-issues Stake |
73.41% |
| Issue |
|
| Size |
Rs 15.75 million
|
| Price |
Rs 10 |
| On Application |
Rs 10 |
| Allotment |
Nil |
| Objective |
Setting up high end consulting and integration services in telecom, high speed enterprise networks at Hyderabad and Secunderabad, marketing office in the US and to fulfill the margin money requirement.
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| Business |
|
| Product |
Communication software
|
| Location |
Hyderabad |
| Project cost |
Rs 74.7 million |
| Funded by |
Equity share capital and term loan
|
| Kensource projections |
|
| Sales |
Rs 55 million
|
| Profit |
Rs 7 million |
| Earnings per share |
Rs 1.1 |
| Return on equity |
10 % |
| Comment |
New wannabe. All plans, little substance except some scanty US connections.
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| Rating *
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D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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