July 6, 2000
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|
Company |
Tera Software |
Market Price |
Not listed |
Lead manager |
SMIFS Capital Markets, CIL Securities
|
Listing At |
Hyderabad, Bangalore
|
Opening/Closing |
July 6 / July 12 |
Promoters | T Gopichand
|
Associate Co. |
None
|
Managing Director |
T Gopichand
|
Post-issue Stake |
74.04%
|
Issue |
|
Size |
Rs 20 million
|
Price |
Rs 10
|
On Application |
Rs 5, NRIs Rs 10
|
On Allotment |
Rs 5
|
Objective |
Expand scale of operations
|
Business |
|
Product |
Software development, consultancy, reselling
|
Location |
Hyderabad
|
Project cost |
Rs 80.50 million
|
Funded by |
Equity and term loan
|
Kensource projections |
(2001) |
Sales |
Rs 54.90 million
|
Profit |
Rs 6 million
|
Earnings per share |
Re 0.78
|
Return on equity |
7% |
Comment | The profit margins are too low for a software company. The growth plans are low key
|
Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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