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April 25, 2000
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|
|
| Company |
Krisn Information Techologies
|
| Market Price |
Unlisted
|
| Lead manager |
Ashika Credit Capital
|
| Listing At
|
Hyderabad, Bangalore
|
| Opening/Closing
|
April 24, 2000/April 27, 2000
|
| Promoters |
L V Subba Raju, P C Pantulu, M Rama Mohan
|
| Associate Co. |
Cybermate Infotek, Global Infonet Technologies
|
| Managing Director |
L V Subba Raju
|
| Post-issue Stake |
74.35%
|
| Issue |
|
| Size |
Rs 13 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| Allotment |
Nil |
| Objective |
Part finance software development center, develop an e-commerce and web server maintenance center, overseas marketing office in the US
|
| Business |
|
| Product |
Software development, consultancy, training and marketing of high-end packages
|
| Location |
Hyderabad
|
| Project cost |
Rs 57 million |
| Funded by |
Share capital, term loan, Interest accruals
|
| Kensource projections |
(2001) |
| Sales |
Rs 15 million
|
| Profit |
Rs 2 million |
| Earnings per share |
Re 0.4 |
| Return on equity |
4% |
| Comment |
Not an established player, no substantial projects on hand. Over-ambitious projections.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Center
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