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April 28, 2000
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Stocks
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|
| Company |
Jeevan Softech |
| Market Price |
Unlisted
|
| Lead manager |
CIL Securities Limited
|
| Listing At
|
Hyderabad
|
| Opening/Closing
|
April 29, 2000/May 5, 2000
|
| Promoters |
Krishna Kishore Kuchipudi and K Vanaja
|
| Associate Co. |
Jeevan Mitra Chit Fund, Jeevan Mitra Finance Corporation
|
| Managing Director |
K Suryanarayana
|
| Post-issue Stake |
74.84%
|
| Issue |
|
| Size |
Rs 15.2 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| Allotment |
Nil |
| Objective |
Part finance expansion of software development and training centers
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| Business |
|
| Product |
Software development, education and training
|
| Location |
Hyderabad
|
| Project cost |
Rs 72 million |
| Funded by |
Equity, term loans
|
| Kensource projections |
(2001) |
| Sales |
Rs 32.7 million
|
| Profit |
Rs 3.6 million |
| Earnings per share |
Re 0.59 |
| Return on equity |
5.5% |
| Comment | The company has an extremely vague strategy for growth, has not received permissions for its overseas office and its courses are not recognised. In short, its too early to take-off.
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| Rating *
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D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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