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June 28, 2000
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|
| Company |
Virtual Dynamics Software |
| Market Price |
Not listed |
| Lead manager |
Canara Bank, SMIFS Capital Markets |
| Listing At |
Bangalore, Ahmedabad
|
| Opening/Closing |
June 28, 2000 / July 1, 2000 |
| Promoters |
Ishwar C Sharma, Raman Sharma, Surinder Ahuja
|
| Associate Co. |
None
|
| Managing Director |
Ishwar C Sharma
|
| Post-issue Stake |
61.66%
|
| Issue |
|
| Size |
Rs 15 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Repay overdue loan from KSIIDC, infrastructure facilities, set up office in USA
|
| Business |
|
| Product |
Consulting, software development, systems deployment
|
| Location |
Bangalore
|
| Project cost |
Rs 34 million
|
| Funded by |
Equity and term loan from Canara Bank
|
| Kensource projections |
(2001) |
| Sales |
Rs 7 million
|
| Profit |
Rs 0.9 million
|
| Earnings per share |
Re 0.16 |
| Return on equity |
1% |
| Comment | A loss making company. Has been 'virtually' inactive since 1997
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| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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