|
|
Company |
IQMS Software
|
Market Price |
Not listed |
Lead manager |
Fedex Securities
|
Listing At |
BSE, Hyderabad
|
Opening/Closing |
September 28/October 3 |
Promoters |
KVN Vijaya Simha, K Vijay Kumar, KGV Nageshwar, T Sivramprasad, J Satya Surya Narayana, MGK Chowdary |
Associate Co. |
Sindhuri Finance, Integrated Quality Management Services, Coastal Medicare Pvt Ltd
|
Managing Director |
KVN Vijaya Simha
|
Post-issue Stake |
61.54%
|
Issue |
|
Size |
Rs 45 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5 |
Objective |
Set up software development project, invest in overseas company, acquire assets |
Business |
|
Product |
Design and market software solutions
|
Location |
Hyderabad |
Project cost |
Rs 130 million
|
Funded by |
Equity, term loan
|
Kensource projections |
(2001) |
Sales |
Rs 29.43 million |
Profit |
Rs 4.42 million
|
Earnings per share |
Re 0.38 |
Forward P/E |
26.5 |
Post-issue equity |
Rs 117 million
|
Return on equity |
5% |
Comment |
New company, no track record, entering a highly competitive sector |
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
|