|
|
|
| Company |
D-Link (India)
|
| Market Price |
Unlisted |
| Lead manager |
Tata Finance Merchant Bankers
|
| Listing At |
BSE, NSE, Bangalore
|
| Opening/Closing |
Book bldg: Februrary 20/Februrary 27, Public issue: March 14/March 19 |
| Promoters |
K R Naik
|
| Associate Co. |
D-Link Infotech Limited, D-Link Corporation Taiwan, Lanner Electronics India Pvt Ltd, Open-Link Networks Ltd, Virtual Computers Pvt Ltd |
| Managing Director |
K R Naik
|
| Post-issue stake |
68%
|
| Issue |
|
| Size |
1.5 mn shares
|
| Price |
Face value: Rs 10, Floor price: Rs 300
|
| On Application |
Book bldg
|
| On Allotment |
— |
| Objective |
Expansion of existing manufacturing facilities, setting up fibre optic product manufacturing and assembling facilities, setting up software division and equipment/machinery for the structured cabling division |
| Business |
|
| Present |
Product sales in networking, internetworking, structured cabling and CISCO range of products
|
| Proposed Project
|
Expansion of existing manufacturing facilities, setting up fibre optic products manufacturing and assembly facilities, acquiring technology, infrastructure, computer systems and software tools for the software division, setting up the equipment and machinery for the structured cabling division |
| Location |
Goa
|
| Project cost |
Rs 550 million
|
| Funded by |
Equity |
| Kensource projections |
(2002) |
| Sales |
Rs 3007 million
|
| Profit |
Rs 541 million
|
| Earnings per share |
Rs 88.80
|
| Forward P/E |
3.38 |
| Post-issue equity |
Rs 60.95 million |
| Return on net worth |
20%
|
| Comment |
Well-established company, strong affiliations, sturdy financials, low forward P/E |
| Rating *
|
B
|
* 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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