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Home > Money > Stocks > IPO Center > IPO Analysis
October 18, 2000
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 Company  Aztec Software and Technologies
 Market Price  Not listed
 Lead manager  JM Morgan Stanley
 Listing At  Bangalore, Bombay, NSE
 Opening/Closing  Book bldg: October 12/October 18 Fixed Price: November 2/November 9
 Promoters  S Parthasarthy, V Swaminathan, e4e Holdings
 Associate Co.  Aztec Software Inc, e4e Labs Pvt Ltd, e4e Holdings Ltd.
 Managing Director  S Parthasarthy
 Post-issue Stake  around 56%
 Issue  
 Size  Rs 520 million
 Price  Face value: Rs 3, Floor price: Rs 80
 On Application  Minimum shares retail: 50, others: 1050
 On Allotment  —
 Objective  e-engineering solutions in database technologies, data warehousing, ASP integration for B2B exchanges, product development
 Business  
 Product  Software development, e-commerce related services, banking solutions, WAP solutions, manpower consultancy, software consultancy, software education
 Location  Bangalore
 Project cost  Rs 520 million
 Funded by  Equity
 Kensource projections  (2001)
 Sales  Rs 700 million
 Profit  Rs 210 million
 Earnings per share  Rs 5.23
 Forward P/E  16
 Post-issue equity  NA
 Return on equity  NA
 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.
 Rating *  E

* 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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IPO Analysis

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