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July 11, 2000
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|
| Company |
Kanika Infotech |
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital, Sumedha Fiscal Services
|
| Listing At |
Calcutta, BSE, Hyderabad, Ahmedabad
|
| Opening/Closing |
July 11 / July 17
|
| Promoters | Sunil Kumar Mall
|
| Associate Co. |
Sunil Polypack, Bajrang Polyplast, SKM Packaging, Mall Securities, Anil Apartments, Sunil Fincorp, Deepika Agencies, Kanika Internet Solutions, Kanika Infotech (Singapore) PTE Ltd.
|
| Managing Director |
Sunil Kumar Mall
|
| Post-issue Stake |
73.28%
|
| Issue |
|
| Size |
Rs 36 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
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| Objective |
Software development center at Calcutta, upgrade existing infrastructure, funds for marketing and brand development
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| Business |
|
| Product |
Software development
|
| Location |
Calcutta
|
| Project cost |
Rs 42 million
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| Funded by |
Equity and bank loan
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| Kensource projections |
(2001) |
| Sales |
Rs 30 million
|
| Profit |
Rs 4.5 million
|
| Earnings per share |
Re 0.34
|
| Return on equity |
3% |
| Comment | No track record. Inexperienced promoters. Capital has increased 28 times
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| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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