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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
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Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
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