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|
Company |
Pragnya Software Systems |
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services |
Listing At |
Hyderabad, Ahmedabad |
Opening/Closing |
14th August 2000 / 21st August 2000 |
Promoters |
G Murali Krishna, G Venkata Krishna
|
Associate Co. |
None
|
Managing Director |
G Murali Krishna |
Post-issue Stake |
70.23% |
Issue |
|
Size |
Rs 17 million |
Price |
Rs 10
|
On Application |
Rs 5 |
On Allotment |
Rs 5 |
Objective |
Part finance expansion |
Business |
|
Product |
Software development mainly for the defense sector, library and hospital management systems and automation of gas agencies
|
Location |
Hyderabad |
Project cost |
Rs 72 million |
Funded by |
Equity and Term loans |
Kensource projections |
(2001) |
Sales |
Rs 13.5 million |
Profit |
Rs 3 million |
Earnings per share |
Rs 0.40 |
Forward P/E |
24 |
Post-issue share capital |
Rs 65.5 million |
Return on equity |
7% |
Comment |
Too much dependence on the defence sector, growth plans are shaky.
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Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid; E = Buy after listing
By Kensource Information Services Pvt Ltd.
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