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| Company |
Opto Circuits (India)
|
| Market Price |
Not listed |
| Lead manager |
Karvy Investor Services
|
| Listing At |
BSE, Hyderabad, Bangalore
|
| Opening/Closing |
September 29/October 6 |
| Promoters |
Vinod Ramnani, Usha Ramnani, Thomas Dietikar, Jayesh Patel |
| Associate Co. |
None
|
| Managing Director |
Vinod Ramnani
|
| Post-issue Stake |
74.68%
|
| Issue |
|
| Size |
Rs 135.10 million
|
| Price |
Rs 50
|
| On Application |
Rs 25
|
| On Allotment |
Rs 25 |
| Objective |
Additions to existing building, enhance infrastructural facilities, set up marketing office in London, repay high-cost debt
|
| Business |
|
| Product |
Optical Sensors, Medical Electronics, Security Systems, Chip on board assemblies.
|
| Location |
Bangalore |
| Project cost |
Rs 155 million
|
| Funded by |
Equity
|
| Kensource projections |
(2001) |
| Sales |
Rs 252 million
|
| Profit |
Rs 45 million
|
| Earnings per share |
Rs 4.24 |
| Forward P/E |
12 |
| Post-issue equity |
Rs 107.1 million
|
| Return on equity |
20% |
| Comment |
Attractive sector, impressive growth, worth a shot |
| Rating *
|
A
|
* 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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