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|
|
| Company |
Fourth Generation Information Systems
|
| Market Price |
Not listed |
| Lead manager |
Fedex Securities
|
| Listing At |
Hyderabad, BSE
|
| Opening/Closing |
November 6/November 10 |
| Promoters |
Chalapthi Rao Atluri, Raghu Vasu A, Sharath Reddy, Hema Kolluri, Avinash Adusumilli |
| Associate Co. |
Intra Link info Systems Inc, USA, IT Connections Inc, USA, Intra Link Health Systems Inc, USA, Silver Stream Softech Pvt Ltd, Fourth Generation Internet Services Pvt Ltd
|
| Managing Director |
Raghu Vasu A
|
| Post-issue Stake |
61.91%
|
| Issue |
|
| Size |
Rs 47.5 million
|
| Price |
Rs.10 |
| On Application |
Rs 2.50 |
| On Allotment |
Rs 7.50 |
| Objective |
Expand existing software development facilities, invest in research and development |
| Business |
|
| Present |
Software development and services |
| Project |
New development centre at Hyderabad, research and development, increase manpower resources |
| Location |
Hyderabad
|
| Project cost |
Rs 141.5 million
|
| Funded by |
Equity, internal accrual, term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 58.23 million
|
| Profit |
Rs 12.23 million
|
| Earnings per share |
Re 0.98 |
| Forward P/E |
10 |
| Post-issue equity |
Rs 124.73 million
|
| Return on net worth |
9% |
| Comment |
Limited clients, low employee productivity, no brand image, no guarantee of repeat orders, unimpressive financials.
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| Rating *
|
D
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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.
Money
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