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Company |
IKF Software.com
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Market Price |
Unlisted |
Lead manager |
Fedex Securities
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Listing At |
Hyderabad, Calcutta, BSE.
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Opening/Closing |
Februrary 19/Februrary 24 |
Promoters |
Ramchandra N Galla, Srinivasa Rao Koganti, Ramakrishna Darapaneni, Vengal Roa Darapaneni, Vasumathi Devi Vupputuri, Raghuram Vupputuri, Gopal Kishan Prasad Vupputuri |
Associate Co. |
Amara Raja Batteries, IKF Finance Limited, Amara Raja Power Systems, Sri Darpaneni Chemicals Pvt Ltd, Coastal Local Area Bank Limited, Ample Systems Incorporation, USA |
Managing Director |
Srinivasa Rao Koganti
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Post-issue stake |
28%
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Issue |
|
Size |
Rs 40 million
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Price |
Rs 10
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On Application |
Rs 2.50
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On Allotment |
Rs 7.50 |
Objective |
To set up software development centre at Hyderabad including hardware and software, Investing in US subsidiary for facilitating marketing.
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Business |
|
Present |
Undertaking software development projects
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Proposed Project
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Providing software services which include wirless data systems and software engineering expertise, wireless data centre and one stop customer support and product development
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Location |
Hyderabad
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Project cost |
Rs 120 million
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Funded by |
Core promoters and directors (25%), friends, relatives and associates (31%), public issue (33%), term loan (10%)
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Kensource projections |
(2002) |
Sales |
Rs 3.7 million |
Profit |
Rs 0.78 million
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Earnings per share |
Re 0.07
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Forward P/E |
139 |
Post-issue equity |
Rs 108 million |
Return on net worth |
1%
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Comment |
Great growth plans and strong promoters but the company is still in its infancy
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Rating *
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E
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* 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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