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|
|
| Company |
Vikram Software |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Madras, Bangalore |
| Opening/Closing |
August 22, 2000 / August 31, 2000 |
| Promoters |
S Sivakumar
|
| Associate Co. |
None
|
| Managing Director |
S Sivakumar
|
| Post-issue Stake |
71% |
| Issue |
|
| Size |
Rs 15 million |
| Price |
Rs 10
|
| On Application |
Rs 10 |
| On Allotment |
— |
| Objective |
Build software development facilities, expansion of project training division, office in Bombay, working capital requirement.
|
| Business |
|
| Product |
Accounting software for brokers
|
| Location |
Madras |
| Project cost |
Rs 60 million
|
| Funded by |
Equity, internal accruals and term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 14 million |
| Profit |
Rs 2.8 million |
| Earnings per share |
Re 0.54 |
| Forward P/E |
19 |
| Post-issue share capital |
Rs 51.8 million |
| Return on equity |
6% |
| Comment |
No experience in software development, unlikely to survive competition
|
| Rating *
|
E
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid;
E = Watch post-listing
By Kensource Information Services Pvt Ltd.
Money
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