April 11, 2000
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Stocks
|
|
Company |
GDR Software Ltd
|
Market Price |
Unlisted
|
Lead manager |
UTI Securities Exchange Ltd.
|
Listing At
|
Bangalore, Hyderabad and BSE
|
Opening/Closing
|
April 11, 2000/April 18, 2000
|
Promoters |
G Dhananjaya Reddy, D Ravikumar, K Vardarajan
|
Associate Co. |
None
|
Managing Director |
G Dhananjaya Reddy
|
Post-issues Stake |
36.89% |
Issue |
|
Size |
Rs 28.6 million
|
Price |
Rs 10 at par |
On Application |
Rs 10 |
Allotment |
Nil |
Objective |
Expansion of development activities and opening new offices in the US, Australia & Bahrain.
|
Business |
|
Product |
Website development, business-specific application development
|
Location |
Bangalore
|
Project cost |
Rs 133.4 million |
Funded by |
Equity and term loans
|
Kensource projections |
|
Sales |
Rs 115 million
|
Profit |
Rs 22.5 million |
Earnings per share |
Rs 1.96 |
Return on equity |
18 % |
Comment |
There is such a rotten bunch out there in the primary market to grab your money that GDR does look a good bet.
|
Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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