June 30, 2000
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Indian Tax
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Stocks
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|
Company |
Creative Eye |
Market Price |
Not listed |
Lead manager |
HSBC Securities, SMIFS Capital Markets |
Listing At |
BSE, NSE
|
Opening/Closing |
Book building Bid: June 30, 2000 / July 6, 2000, Fixed price: July 20 / July 25 |
Promoters | Dheeraj Kochar, Zuby Kochar
|
Associate Co. |
Namah Shivay Enterprises, Creative Eye, Kochar Combine, CE Entertainment
|
Managing Director |
Dheeraj Kumar Kochar
|
Post-issue Stake |
72.59%
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Issue |
|
Size |
2.5 mn shares, book bldg: 1.88 mn, Fixed price: 0.6 mn shares
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Price |
Floor price: Rs 225, Face value: Rs 10
|
On Application |
|
On Allotment |
|
Objective |
Finance future activities which include developing portals, procuring film and Hindi songs rights, tele-shopping & e-commerce network, expanding marketing network, expanding post-production studio
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Business |
|
Product |
Television software
|
Location |
Bombay, Delhi
|
Project cost |
Rs 755.49 million
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Funded by |
Equity and loan from Oriental Bank
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Kensource projections |
(2001) |
Sales |
Rs 542.45 million
|
Profit |
Rs 43.39 million
|
Earnings per share |
Rs 4.35
|
Return on equity |
7% |
Comment | Erratic topline growth, poor profit margin, return on capital is already falling and will crash after the issue. Creative projections.
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Rating *
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C
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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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