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|
|
| Company |
Hifunda.com
|
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital
|
| Listing At |
Hyderabad, Calcutta
|
| Opening/Closing |
November 27/December 1 |
| Promoters |
Vijay Jain, S K Sultania
|
| Associate Co. |
None
|
| Managing Director |
Vijay Jain
|
| Post-issue Stake |
60.28%
|
| Issue |
|
| Size |
Rs 59 million |
| Price |
Rs 10 |
| On Application |
Rs 2.50 |
| On Allotment |
Rs 7.50 |
| Objective |
To set up web portal and E-commerce shopping mall, upgrade existing hardware and software, fund marketing and brand development
|
| Business |
|
| Present |
Hifunda.com, an e-shopping portal
|
| Proposed Project
|
Portal enhancement, E-commerce shopping mall
|
| Location |
Calcutta
|
| Project cost |
Rs 180.5 million
|
| Funded by |
Equity and term Loan |
| Kensource projections |
(2001) |
| Sales |
Rs 20 million |
| Profit |
Rs 3 million |
| Earnings per share |
Re 0.20 |
| Forward P/E |
15 |
| Post-issue equity |
Rs 148.53 million |
| Return on net worth |
2% |
| Comment |
With dot-coms dying the world over, it’s a surprise that this one is still hopeful
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
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