June 22, 2000
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|
|
Company |
Cyberwave Internet Solutions |
Market Price |
Not listed |
Lead manager |
Canara Bank, Taib Capital Corporation
|
Listing At |
Madras, Bangalore, Hyderabad
|
Opening/Closing |
June 22, 2000 / June 27, 2000 |
Promoters |
S Sriram, P Suresh, P Karthikeyan, S Rajaji
|
Associate Co. |
None
|
Managing Director |
S Sriram
|
Post-issue Stake |
73.30%
|
Issue |
|
Size |
Rs 13.25 million
|
Price |
Rs 10
|
On Application |
Rs 10
|
On Allotment |
Nil
|
Objective |
Part finance project - providing Internet services through cable modems in Madras
|
Business |
|
Product |
ISP
|
Location |
Madras
|
Project cost |
Rs 49.80 million
|
Funded by |
Equity and a loan of Rs 5 million
|
Kensource projections |
(2001) |
Sales |
Rs 5.06 million
|
Profit |
Rs 0.86 million
|
Earnings per share |
Re 0.16 |
Return on equity |
1% |
Comment | The company is likely to get dwarfed by powerful ISP majors
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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