|
July 3, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
| Company |
Mega Channel Computers |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services
|
| Listing At |
Madras, Bangalore, Hyderabad
|
| Opening/Closing |
July 3 / July 7 |
| Promoters | T Bhaskaran, S Thevasenapathy, Parthasarathy, Tessy Joseph
|
| Associate Co. |
None
|
| Managing Director |
T Bhaskaran
|
| Post-issue Stake |
29.81%
|
| Issue |
|
| Size |
Rs 68.94 million
|
| Price |
Rs 18
|
| On Application |
Rs 5
|
| On Allotment |
Rs 13
|
| Objective |
Expansion of software development center, industry specific software solutions
|
| Business |
|
| Product |
Custom made software for e-commerce and internet applications
|
| Location |
Madras
|
| Project cost |
Rs 97.91 million
|
| Funded by |
Equity
|
| Kensource projections |
(2001) |
| Sales |
Rs 18.70 million
|
| Profit |
Rs 3.55 million
|
| Earnings per share |
Re 0.46
|
| Return on equity |
3% |
| Comment | Unclear growth plans, unrealistic projection, unjustified price
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
Tell us what you think of this feature
|
