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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
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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.
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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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