July 17, 2000
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|
Company |
Zenith Global Consultants |
Market Price |
Not listed |
Lead manager |
Keynote Corporate Services, Dena Bank
|
Listing At |
Pune, Hyderabad, Madras
|
Opening/Closing |
July 17/July 22
|
Promoters | Hiru Bijlani
|
Associate Co. |
Zenith Consultants Pvt Ltd |
Managing Director |
Hiru Bijlani
|
Post-issue Stake |
74.98%
|
Issue |
|
Size |
Rs 18.02 million
|
Price |
Rs 20
|
On Application |
Rs 10 |
On Allotment |
Rs 10 |
Objective |
Part finance cost of training centers, set up an overseas office and an office in Calcutta
|
Business |
|
Product |
Software consultancy, training, development
|
Location |
Bombay |
Project cost |
Rs 40 million
|
Funded by |
Mainly equity, Rs 4 million loan
|
Kensource projections |
(2001) |
Sales |
Rs 21 million
|
Profit |
Rs 2.3 million
|
Earnings per share |
Re 0.64
|
Return on equity |
4% |
Comment | Why were shares issued at a lower price to promoters? Is there any clear expansion/growth path and why has it failed to pay last year's dividend?
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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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