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Company |
Aztec Software and Technologies
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Market Price |
Not listed |
Lead manager |
JM Morgan Stanley
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Listing At |
Bangalore, Bombay, NSE
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Opening/Closing |
Book bldg: October 12/October 18 Fixed Price: November 2/November 9
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Promoters |
S Parthasarthy, V Swaminathan, e4e Holdings
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Associate Co. |
Aztec Software Inc, e4e Labs Pvt Ltd, e4e Holdings Ltd.
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Managing Director |
S Parthasarthy
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Post-issue Stake |
around 56%
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Issue |
|
Size |
Rs 520 million
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Price |
Face value: Rs 3, Floor price: Rs 80 |
On Application |
Minimum shares retail: 50, others: 1050
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On Allotment |
— |
Objective |
e-engineering solutions in database technologies, data warehousing, ASP integration for B2B exchanges, product development
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Business |
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Product |
Software development, e-commerce related services, banking solutions, WAP solutions, manpower consultancy, software consultancy, software education
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Location |
Bangalore
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Project cost |
Rs 520 million
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Funded by |
Equity |
Kensource projections |
(2001) |
Sales |
Rs 700 million
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Profit |
Rs 210 million
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Earnings per share |
Rs 5.23 |
Forward P/E |
16 |
Post-issue equity |
NA
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Return on equity |
NA
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Comment |
Has turned profit making only last year. Powerful growth has started now. Backed by Silicon Valley billionaire KB Chadrashekhar. Worth buying at Rs 60.
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Rating *
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E
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* 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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