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April 27, 2000
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|
| Company |
Weal Infotech
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| Market Price |
Unlisted
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| Lead manager |
Munoth Financial Services, Central Bank Of India
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| Listing At
|
Hyderabad, Bangalore, Madras
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| Opening/Closing
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April 28, 2000/May 4, 2000
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| Promoters |
S Anand, Bhanu Prakash, K Satyanarayana
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| Associate Co. |
None
|
| Managing Director |
P P Gupta
|
| Post-issue Stake |
74.71%
|
| Issue |
|
| Size |
Rs 13.2 million
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| Price |
Rs 10
|
| On Application |
Rs 5
|
| Allotment |
Rs 5 |
| Objective |
Part finance the project, set up overseas liaison offices and a software development centre
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| Business |
|
| Product |
Portal development, interactive information dissemination kiosks, interconnectivity solutions, document management solutions
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| Location |
Hyderabad
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| Project cost |
Rs 46.9 million |
| Funded by |
Mainly through equity, a small part through a bank term loan
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| Kensource projections |
(2001) |
| Sales |
Rs 23 million
|
| Profit |
Rs 6.1 million |
| Earnings per share |
Rs 1.17 |
| Return on equity |
12% |
| Comment |
Portals, WAP, e-commerce and Interactive information dissemination kiosks. Impressive, yes, but let's not forget that the company has nothing to show yet except a board of well-educated directors
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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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