May 8, 2000
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|
Company |
Rajesh Global Solutions |
Market Price |
Not listed |
Lead manager |
Canara Bank
|
Listing At |
Bangalore and Madras
|
Opening/Closing |
May 8, 2000 / May 10, 2000 |
Promoters |
Rajesh Mehta, Prashant Mehta
|
Associate Co. |
Rajesh Exports Ltd, Rajesh Jewels (P) Ltd
|
Managing Director |
Rajesh Mehta
|
Post-issue Stake |
75% |
Issue |
|
Size |
Rs 25 million |
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5
|
Objective |
Set up a software development center at Bangalore
|
Business |
|
Product |
(Proposed) IT consultancy, software development, embedded systems
|
Location |
Bangalore
|
Project cost |
Rs 112.50 million
|
Funded by |
Equity share capital and term loan from UCO Bank
|
Kensource projections |
(2001) |
Sales |
22 million
|
Profit |
3.08 million |
Earnings per share |
Re 0.31 |
Return on equity |
3% |
Comment | The company has yet to initiate its software operations. Not a safe bet.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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