|
|
|
| Company |
Galaxy Multimedia
|
| Market Price |
Not listed |
| Lead manager |
UTI Securities Exchange Limited
|
| Listing At |
BSE, Hyderabad
|
| Opening/Closing |
September 22/September 27 |
| Promoters |
Vipin Rai Bhayana
|
| Associate Co. |
None
|
| Managing Director |
Vipin Rai Bhayana
|
| Post-issue Stake |
50.75%
|
| Issue |
|
| Size |
Rs 25.5 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
— |
| Objective |
Set up multimedia studio and post-production facilities, produce television software
|
| Business |
|
| Product |
Television software, post-production facilities, multimedia studio.
|
| Location |
Bombay |
| Project cost |
Rs 125.67 million
|
| Funded by |
Equity, term loan
|
| Kensource projections |
(2001) |
| Sales |
Rs 20 million |
| Profit |
Rs 4 million
|
| Earnings per share |
Re 0.40 |
| Forward P/E |
27 |
| Post-issue equity |
Rs 100.5 million
|
| Return on equity |
4% |
| Comment |
The studio is still being built, will face stiff competition from existing players. Better to wait and watch.
|
| 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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