|
|
Company |
Ashika Credit Capital |
Market Price |
Not listed |
Lead manager |
Financial & Management Services
|
Listing At |
Calcutta
|
Opening/Closing |
August 5/August 11
|
Promoters | Pawan Jain, Daulat Jain
|
Associate Co. |
Ashika Stock Broking, Ashika Global Securities, Ashika Agro Projects (P) Ltd.
|
Managing Director |
Pawan Jain
|
Post-issue Stake |
75%
|
Issue |
|
Size |
Rs 12.5 million
|
Price |
Rs 10
|
On Application |
Rs 2.50 |
On Allotment |
Rs 7.50 |
Objective |
Make investments in Ashika Stock Broking Corporation, enhance infrastructure facilities
|
Business |
|
Product |
Merchant banking, leasing, loans & advances, corporate deposits, shares and securities, financial consultancy
|
Location |
Calcutta |
Project cost |
Rs 21.03 million
|
Funded by |
Equity |
Kensource projections |
(2001) |
Sales |
Rs 44 million
|
Profit |
Rs 2.5 million
|
Earnings per share |
Re 0.50
|
Forward P/E |
19
|
Post-issue share capital |
Rs 108.37 million
|
Return on equity |
3% |
Comment | Reminds us of the 1994 boom in finance companies. 76% of the money will go into Ashika Stock Broking which made a loss in 1999.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt Ltd.
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