July 3, 2000
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|
Company |
Mega Channel Computers |
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services
|
Listing At |
Madras, Bangalore, Hyderabad
|
Opening/Closing |
July 3 / July 7 |
Promoters | T Bhaskaran, S Thevasenapathy, Parthasarathy, Tessy Joseph
|
Associate Co. |
None
|
Managing Director |
T Bhaskaran
|
Post-issue Stake |
29.81%
|
Issue |
|
Size |
Rs 68.94 million
|
Price |
Rs 18
|
On Application |
Rs 5
|
On Allotment |
Rs 13
|
Objective |
Expansion of software development center, industry specific software solutions
|
Business |
|
Product |
Custom made software for e-commerce and internet applications
|
Location |
Madras
|
Project cost |
Rs 97.91 million
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 18.70 million
|
Profit |
Rs 3.55 million
|
Earnings per share |
Re 0.46
|
Return on equity |
3% |
Comment | Unclear growth plans, unrealistic projection, unjustified price
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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