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Home > Money > Stocks > IPO Center > IPO Analysis
August 18, 2000
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 Company  Suchinfotech Limited
 Market Price  Not listed
 Lead manager  Aryaman Financial Services
 Listing At  Hyderabad, Ahmedabad
 Opening/Closing  August 18, 2000 / August 24, 2000
 Promoters  K Govardhan Reddy and D Sreedhar Reddy
 Associate Co.  Poojitha Estates Pvt Ltd, Soroka Soft (India) Pvt Ltd, M/s Concourse, Kin Plast Pvt Ltd, Kinetic Organics & Plastics Pvt Ltd, M/s Twin Cities Infotech
 Managing Director  K Govardhan Reddy
 Post-issue Stake  72.69%
 Issue  
 Size  Rs 14 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Software development, infrastructure facilities, overseas offices
 Business  
 Product  E-commerce solutions, offshore software development, software training and onsite consultancy services
 Location  Hyderabad
 Project cost  Rs 56.9 million
 Funded by  Equity and term loan
 Kensource projections  (2001)
 Sales  Rs 10.25 million
 Profit  Rs 1.5 million
 Earnings per share  Re 0.20
 Forward P/E  45
 Post-issue share capital  Rs 51.25 million
 Return on equity  2%
 Comment Not commenced operations yet, will face fierce competition, extremely risky.
 Rating *  D

* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid;
    E = Buy after listing

By Kensource Information Services Pvt Ltd.

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IPO Analysis

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