June 28, 2000
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|
Company |
Virtual Dynamics Software |
Market Price |
Not listed |
Lead manager |
Canara Bank, SMIFS Capital Markets |
Listing At |
Bangalore, Ahmedabad
|
Opening/Closing |
June 28, 2000 / July 1, 2000 |
Promoters |
Ishwar C Sharma, Raman Sharma, Surinder Ahuja
|
Associate Co. |
None
|
Managing Director |
Ishwar C Sharma
|
Post-issue Stake |
61.66%
|
Issue |
|
Size |
Rs 15 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5
|
Objective |
Repay overdue loan from KSIIDC, infrastructure facilities, set up office in USA
|
Business |
|
Product |
Consulting, software development, systems deployment
|
Location |
Bangalore
|
Project cost |
Rs 34 million
|
Funded by |
Equity and term loan from Canara Bank
|
Kensource projections |
(2001) |
Sales |
Rs 7 million
|
Profit |
Rs 0.9 million
|
Earnings per share |
Re 0.16 |
Return on equity |
1% |
Comment | A loss making company. Has been 'virtually' inactive since 1997
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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