|
|
Company |
Vikram Software |
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services |
Listing At |
Hyderabad, Madras, Bangalore |
Opening/Closing |
August 22, 2000 / August 31, 2000 |
Promoters |
S Sivakumar
|
Associate Co. |
None
|
Managing Director |
S Sivakumar
|
Post-issue Stake |
71% |
Issue |
|
Size |
Rs 15 million |
Price |
Rs 10
|
On Application |
Rs 10 |
On Allotment |
— |
Objective |
Build software development facilities, expansion of project training division, office in Bombay, working capital requirement.
|
Business |
|
Product |
Accounting software for brokers
|
Location |
Madras |
Project cost |
Rs 60 million
|
Funded by |
Equity, internal accruals and term loan |
Kensource projections |
(2001) |
Sales |
Rs 14 million |
Profit |
Rs 2.8 million |
Earnings per share |
Re 0.54 |
Forward P/E |
19 |
Post-issue share capital |
Rs 51.8 million |
Return on equity |
6% |
Comment |
No experience in software development, unlikely to survive competition
|
Rating *
|
E
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid; E = Watch post-listing
By Kensource Information Services Pvt Ltd.
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