|
|
|
| Company |
Sequelsoft India
|
| Market Price |
Unlisted |
| Lead manager |
Fedex Securities |
| Listing At |
BSE, Hyderabad
|
| Opening/Closing |
March 19/March 23 |
| Promoters |
Rambabu Katamaneni, Samir Koppikar, Sriram Pendaria, Dr V V Muniswamy, K Madhavi, P C Venkatramana, M Murali Kishore |
| Associate Co. |
None |
| Managing Director |
Rambabu Katamaneni
|
| Post-issue stake |
26.83%
|
| Issue |
|
| Size |
Rs 60 million
|
| Price |
Rs 10
|
| On Application |
Rs 2.50
|
| On Allotment |
Rs 7.50
|
| Objective |
Set up software development and consulting, document management and imaging services, develop portals, invest in overseas offices and subsidiaries.
|
| Business |
|
| Present |
E-Commerce including B2B and B2C upgradation with WAP compatibility, software development for telecom, imaging, document management for SequelSoft Inc USA, services like OCR, imaging and value added data entry services for clients of SequelSoft Inc USA |
| Proposed Project
|
Software development and consulting for providing custom business solutions, client server solutions and relational database management systems
|
| Location |
Hyderabad
|
| Project cost |
Rs 108.02 million
|
| Funded by |
Equity, internal accruals |
| Kensource projections |
(2002) |
| Sales |
Rs 30 million
|
| Profit |
Rs 9 million
|
| Earnings per share |
Re 0.90
|
| Forward P/E |
11 |
| Post-issue equity |
Rs 102.5 million |
| Return on net worth |
9%
|
| Comment |
Most software companies are likely to get hit by the US slowdown. In these times, even top class software firms are getting lower valuations than these
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| Rating *
|
D
|
* 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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