April 7, 2000
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Indian Tax
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Stocks
|
|
Company |
Vantel Technologies Ltd.
|
Market Price |
Unlisted
|
Lead managers |
Karvy Investor Services Ltd, ASK Raymond James
|
Listing At
|
Bangalore & Hyderabad
|
Opening/Closing
|
April 6, 2000/April 11, 2000
|
Promoters |
Prasad Yenigalla, J A Chowdhary |
Associate Co. |
Magma Solutions Inc, USA, Magma Solutions India Ltd.
|
Managing Director |
Prasad Yenigalla
|
Post-issues Stake |
73.41% |
Issue |
|
Size |
Rs 15.75 million
|
Price |
Rs 10 |
On Application |
Rs 10 |
Allotment |
Nil |
Objective |
Setting up high end consulting and integration services in telecom, high speed enterprise networks at Hyderabad and Secunderabad, marketing office in the US and to fulfill the margin money requirement.
|
Business |
|
Product |
Communication software
|
Location |
Hyderabad |
Project cost |
Rs 74.7 million |
Funded by |
Equity share capital and term loan
|
Kensource projections |
|
Sales |
Rs 55 million
|
Profit |
Rs 7 million |
Earnings per share |
Rs 1.1 |
Return on equity |
10 % |
Comment |
New wannabe. All plans, little substance except some scanty US connections.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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