April 25, 2000
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Stocks
|
|
Company |
Krisn Information Techologies
|
Market Price |
Unlisted
|
Lead manager |
Ashika Credit Capital
|
Listing At
|
Hyderabad, Bangalore
|
Opening/Closing
|
April 24, 2000/April 27, 2000
|
Promoters |
L V Subba Raju, P C Pantulu, M Rama Mohan
|
Associate Co. |
Cybermate Infotek, Global Infonet Technologies
|
Managing Director |
L V Subba Raju
|
Post-issue Stake |
74.35%
|
Issue |
|
Size |
Rs 13 million
|
Price |
Rs 10
|
On Application |
Rs 10
|
Allotment |
Nil |
Objective |
Part finance software development center, develop an e-commerce and web server maintenance center, overseas marketing office in the US
|
Business |
|
Product |
Software development, consultancy, training and marketing of high-end packages
|
Location |
Hyderabad
|
Project cost |
Rs 57 million |
Funded by |
Share capital, term loan, Interest accruals
|
Kensource projections |
(2001) |
Sales |
Rs 15 million
|
Profit |
Rs 2 million |
Earnings per share |
Re 0.4 |
Return on equity |
4% |
Comment |
Not an established player, no substantial projects on hand. Over-ambitious projections.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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