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May 3, 2000

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 Company  Softsol India Limited
 Market Price  Not listed
 Lead manager  Khandwala Securities Limited
 Listing At  Bombay and Hyderabad
 Opening/Closing  3rd May 2000 / 8th May 2000
 Promoters  Mr. Srinivasa Rao Madala, Dr. (Mrs.) V.L.K Durga Madala
 Associate Co.  Softsol Technologies Inc. USA, Softsol Resources Inc. USA
 Managing Director  Mr. Shrinivasa Rao Madala
 Post-issue Stake  74.96%
 Issue  
 Size  341.29 million
 Price  Rs. 95, Rs. 10 per share at a premium of Rs 85
 On Application  Rs. 47.50
 On Allotment  Rs. 47.50
 Objective  Expand infrastructure facilities for its Software Development Center, set up offices abroad
 Business  
 Product  Network Solutions, Legacy Systems, E-commerce, Client-Server / Migrations, ASP, Intranet and Web Applications
 Location  Hyderabad
 Project cost  469.25 million
 Funded by  Public issue and internal accruals
 Kensource projections  (2001)
 Sales  268.03 million
 Profit  134.01 million
 Earnings per share  Rs. 9.35
 Return on equity  26%
 Comment Sound growth, good P/E and RoE. The company's prospects look good.
 Rating *  B

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

By Kensource Information Services Pvt. Ltd.

IPO Analysis

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