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June 22, 2000
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|
| Company |
Cyberwave Internet Solutions |
| Market Price |
Not listed |
| Lead manager |
Canara Bank, Taib Capital Corporation
|
| Listing At |
Madras, Bangalore, Hyderabad
|
| Opening/Closing |
June 22, 2000 / June 27, 2000 |
| Promoters |
S Sriram, P Suresh, P Karthikeyan, S Rajaji
|
| Associate Co. |
None
|
| Managing Director |
S Sriram
|
| Post-issue Stake |
73.30%
|
| Issue |
|
| Size |
Rs 13.25 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
Nil
|
| Objective |
Part finance project - providing Internet services through cable modems in Madras
|
| Business |
|
| Product |
ISP
|
| Location |
Madras
|
| Project cost |
Rs 49.80 million
|
| Funded by |
Equity and a loan of Rs 5 million
|
| Kensource projections |
(2001) |
| Sales |
Rs 5.06 million
|
| Profit |
Rs 0.86 million
|
| Earnings per share |
Re 0.16 |
| Return on equity |
1% |
| Comment | The company is likely to get dwarfed by powerful ISP majors
|
| Rating *
|
D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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