rediff.com
rediff.com
Money Find/Feedback/Site Index
      HOME | MONEY | STOCKS | IPO CENTER | IPO ANALYSIS
July 17, 2000

Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks

 
 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%
 CommentWhy 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?
 Rating *  D

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt. Ltd.

IPO Analysis

Tell us what you think of this feature

HOME | NEWS | BUSINESS | MONEY | SPORTS | MOVIES | CHAT | INFOTECH | TRAVEL
SINGLES | NEWSLINKS | BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL BOOKINGS
AIR/RAIL | WEATHER | MILLENNIUM | BROADBAND | E-CARDS | EDUCATION
HOMEPAGES | FREE EMAIL | CONTESTS | FEEDBACK

Disclaimer