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Home > Money > Stocks > IPO Center > IPO Analysis
November 8, 2000
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 Company  Kushal Software
 Market Price  Not listed
 Lead manager  The United Western Bank
 Listing At  Pune, Interconnected Stock Exchange
 Opening/Closing  November 8/November 15
 Promoters  Shailendra Tiwari, Rajesh Dogra, P R Inani
 Associate Co.  None
 Managing Director  P R Inani
 Post-issue Stake  24.50%
 Issue  
 Size  Rs 55 million
 Price  Rs.10
 On Application  Rs 2.50
 On Allotment  Rs 7.50
 Objective  Expand software development facilities
 Business  
 Product  Software for pharma and jewel industry
 Location  Bombay
 Project cost  Rs 115 million
 Funded by  Equity, internal accrual, term loan
 Kensource projections  (2001)
 Sales  Rs 18.7 million
 Profit  Rs 1.87 million
 Earnings per share  Re 0.19
 Forward P/E  53
 Post-issue equity  Rs 100.06 million
 Return on net worth  2%
 Comment Has invested in client companies, no projects in hand or in the past one year, little experience in proposed project
 Rating *  D

* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing

By Kensource Information Services Pvt Ltd.

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