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June 12, 2000
Books
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Indian Tax
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|
| Company |
Sark Systems India |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services
|
| Listing At |
Hyderabad, Bangalore |
| Opening/Closing |
June 12, 2000 / June 17, 2000 |
| Promoters | J Murali Krishna, J S R Durga Prasad
|
| Associate Co. |
None
|
| Managing Director |
J Murali Krishna
|
| Post-issue Stake |
74.96%
|
| Issue |
|
| Size |
Rs 14.6 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Upgrade hardware and software, set up software development center, set up a marketing office in the USA
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| Business |
|
| Product |
Software Development, Enterprise Resource Planning, Training
|
| Location |
Hyderabad
|
| Project cost |
Rs 44.45 million
|
| Funded by |
Equity, internal accruals (negligible), term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 29.76 million
|
| Profit |
Rs 4.47 million
|
| Earnings per share |
Re 0.76 |
| Return on equity |
7% |
| Comment | The company's own projections are too fantastic.
|
| Rating *
|
D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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