June 21, 2000
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|
Company |
Kals Information Systems |
Market Price |
Not listed |
Lead manager |
Canara Bank
|
Listing At |
Bangalore, Delhi, Hyderabad
|
Opening/Closing |
June 21, 2000 / June 26, 2000 |
Promoters |
K Srinivasan, K Ananthapadmanabhan, R Krishnaswamy
|
Associate Co. |
Data Fusions Pte Ltd
|
Managing Director |
K Srinivasan
|
Post-issue Stake |
55.56%
|
Issue |
|
Size |
Rs 13.2 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5
|
Objective |
Set up offices in Bombay and Madras, branch office in the US, software development center in Bangalore and to expand the management team
|
Business |
|
Product |
Insurance software services, Workflow and document imaging, Web enabled applications and insurance domain consulting
|
Location |
Bangalore
|
Project cost |
Rs 55.90 million
|
Funded by |
Equity, overseas corporate bodies and term loan from Canara bank
|
Kensource projections |
(2001) |
Sales |
Rs 32 million
|
Profit |
Rs 5 million |
Earnings per share |
Re 0.91 |
Return on equity |
7% |
Comment | Doddering growth plans, awesome projections
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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