April 17, 2000
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Stocks
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|
Company |
Baron Infotech Ltd
|
Market Price |
Unlisted
|
Lead manager |
Karvy Investor Services, ASK Raymond James
|
Listing At
|
BSE, Hyderabad
|
Opening/Closing
|
April 17, 2000/April 20, 2000
|
Promoters |
N V Rama Raju, D Srinivasa Raju, N Srinivasa Raju
|
Associate Co. |
None
|
Managing Director |
N V Rama Raju
|
Post-issue Stake |
74.51% |
Issue |
|
Size |
Rs 25.5 million
|
Price |
Rs 10 at par |
On Application |
Rs 10 |
Allotment |
Nil |
Objective |
Expand software development center in Hyderabad, overseas offices in Singapore & USA, strengthen existing product portfolio (Banking, ERP, e-commerce), working capital requirements, meet expenses of the issue, listing of shares.
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Business |
|
Product |
Business applications, IT Consultancy, Bank automation solutions, Enterprise solutions.
|
Location |
Hyderabad
|
Project cost |
Rs 106 million |
Funded by |
Equity and term loans
|
Kensource projections |
|
Sales |
Rs 80 million
|
Profit |
Rs 16 million |
Earnings per share |
Rs 1.50 |
Return on equity |
11.50 % |
Comment |
No experience in e-commerce solutions, small company, great expectations
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Rating *
|
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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