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|
| Company |
Creative Eye
|
| Market Price |
Not listed |
| Lead manager |
HSBC Securities and Capital Markets
|
| Listing At |
BSE, NSE
|
| Opening/Closing |
Book bldg: November 3/November 9, Fixed price: November 23/November 28 |
| Promoters |
Dheeraj Kochar, Zuby Kochar
|
| Associate Co. |
Namah Shivay Enterprises, Creative Eye, Kochar Combine, CE Entertainment |
| Managing Director |
Dheeraj Kumar Kochar
|
| Post-issue Stake |
55%
|
| Issue |
|
| Size |
5 million shares, Book bldg - 4.5 mn, Fixed price - 0.5 million
|
| Price |
Floor price Rs 50, Face value Rs 5
|
| On Application |
— |
| On Allotment |
— |
| Objective |
Finance future activities which include developing portals, procuring film and Hindi-song rights, tele-shopping & e-commerce network, expanding marketing network, expanding post-production studio
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| Business |
|
| Product |
Television Software
|
| Location |
Delhi, Bombay
|
| Project cost |
Rs 400 million
|
| Funded by |
Public issue |
| Kensource projections |
(2001) |
| Sales |
Rs 1050 million
|
| Profit |
Rs 115 million
|
| Earnings per share |
Rs 5.75
|
| Return on net worth |
10% |
| Comment |
Erratic topline growth, poor profit margin, return on capital is already falling, will crash after the issue. Creative projections.
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| Rating *
|
C
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* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
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