July 3, 2000
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|
Company |
Comp-u-Learn Tech India
|
Market Price |
Not listed |
Lead manager |
Karvy Investor Services
|
Listing At |
Hyderabad, Bombay
|
Opening/Closing |
July 3 / July 7 |
Promoters | Srinivasa Rao Donepudi
|
Associate Co. |
Compulearn Inc USA, eplanets Inc USA
|
Managing Director |
Srinivasa Rao Donepudi
|
Post-issue Stake |
75%
|
Issue |
|
Size |
Rs 25 million
|
Price |
Rs 10
|
On Application |
Rs 10
|
On Allotment |
Nil
|
Objective |
Marketing and development offices in USA, expanding existing courseware development center at Madras, marketing products
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Business |
|
Product |
Computer training, course material development, software development, training solutions
|
Location |
Secunderabad
|
Project cost |
Rs 89 million
|
Funded by |
Equity, term loan from Bank of Madura (Rs 9 million)
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Kensource projections |
(2001) |
Sales |
Rs 61.26 million
|
Profit |
Rs 5.13 million
|
Earnings per share |
Re 0.55
|
Return on equity |
5% |
Comment | Growth has slowed down in FY 2000. Huge administrative and selling costs
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Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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