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Home > Money > Stocks > IPO Center > IPO Analysis
August 14, 2000
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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.
 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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