|
|
Company |
Synfosys Business Solutions
|
Market Price |
Not listed |
Lead manager |
SMIFS Capital Markets
|
Listing At |
Hyderabad, Bangalore
|
Opening/Closing |
October 24/November 3 |
Promoters |
Pramod K Sana, Aparna Mendonce, Pranathi Reddy Sana
|
Associate Co. |
None
|
Managing Director |
Pramod K Sana
|
Post-issue Stake |
74.91%
|
Issue |
|
Size |
Rs 20.5 million
|
Price |
Rs.10 |
On Application |
Rs 10 |
On Allotment |
— |
Objective |
Set up software development facilities, offices in the US, Dubai and Singapore
|
Business |
|
Present |
Onsite and offshore development center
|
Project |
Onsite and offshore development center, e-commerce and web-enablement, product development
|
Location |
Hyderabad
|
Project cost |
Rs 101.64 million
|
Funded by |
Equity, internal accrual, term loan |
Kensource projections |
(2001) |
Sales |
Rs 47.25 million
|
Profit |
Rs 9.5 million
|
Earnings per share |
Rs 1.16 |
Forward P/E |
9 |
Post-issue equity |
Rs 81.74 million
|
Return on net worth |
18% |
Comment |
Offshore income is comparatively less at the moment. Growth has slowed down.
|
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
Tell us what you think of this analysis
|