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|
Company |
Oasis Infotech |
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services |
Listing At |
Hyderabad, Bangalore, Ahmedabad
|
Opening/Closing |
October 4/October 12 |
Promoters |
V Srikanth, L Vijay Anand, V S R Ch Murthy
|
Associate Co. |
None
|
Managing Director |
V Srikanth
|
Post-issue Stake |
65.61%
|
Issue |
|
Size |
Rs 20 million
|
Price |
Rs 10 |
On Application |
Rs 5
|
On Allotment |
Rs 5 |
Objective |
Funding of software development project cost, set up overseas office, working capital
|
Business |
|
Product |
Software development, e-commerce related services, banking solutions, WAP solutions, manpower consultancy, software consultancy, software education
|
Location |
Hyderabad
|
Project cost |
Rs 67.31 million
|
Funded by |
Equity, term loan, internal accruals |
Kensource projections |
(2001) |
Sales |
Rs 35 million
|
Profit |
Rs 4 million
|
Earnings per share |
Re 0.53 |
Forward P/E |
19 |
Post-issue equity |
Rs 60.2 million
|
Return on equity |
5%
|
Comment |
Bulk of revenue still comes from training. Poor margins. The portals are not something to write home about. Fantastic projections.
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Rating *
|
D
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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.
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