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July 22, 2000
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|
| Company |
Dynacons Systems & Solutions
|
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services, Dena Bank
|
| Listing At |
BSE, NSE, Ahmedabad, Hyderabad
|
| Opening/Closing |
July 21/July 28
|
| Promoters | Shirish Anjaria, Parag Dalal, Dharmesh Anjaria, Pankaj Salot, Hema Salot, Mukesh Shah
|
| Associate Co. |
None
|
| Managing Director |
Shirish Anjaria
|
| Post-issue Stake |
52.38%
|
| Issue |
|
| Size |
Rs 216 million
|
| Price |
Rs 30
|
| On Application |
Rs 7.50 |
| On Allotment |
Rs 22.50 |
| Objective |
Part finance cost of expansion and diversification, working capital requirements
|
| Business |
|
| Product |
IT services
|
| Location |
Bombay |
| Project cost |
Rs 270.90 million
|
| Funded by |
Mainly equity and a term loan of Rs 27.3 million |
| Kensource projections |
(2001) |
| Sales |
Rs 275 million
|
| Profit |
Rs 30 million
|
| Earnings per share |
Rs 3
|
| Forward P/E |
10
|
| Return on equity |
14% |
| Comment | Decent track record. Smallish size of operations but a large public issue. Could have been priced lower. Large public float. Pick up after listing.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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