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|
| Company |
Synfosys Business Solutions
|
| Market Price |
Not listed |
| Lead manager |
SMIFS Capital Markets
|
| Listing At |
Hyderabad, Bangalore
|
| Opening/Closing |
October 24/November 3 |
| Promoters |
Pramod K Sana, Aparna Mendonce, Pranathi Reddy Sana
|
| Associate Co. |
None
|
| Managing Director |
Pramod K Sana
|
| Post-issue Stake |
74.91%
|
| Issue |
|
| Size |
Rs 20.5 million
|
| Price |
Rs.10 |
| On Application |
Rs 10 |
| On Allotment |
— |
| Objective |
Set up software development facilities, offices in the US, Dubai and Singapore
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| Business |
|
| Present |
Onsite and offshore development center
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| Project |
Onsite and offshore development center, e-commerce and web-enablement, product development
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| Location |
Hyderabad
|
| Project cost |
Rs 101.64 million
|
| Funded by |
Equity, internal accrual, term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 47.25 million
|
| Profit |
Rs 9.5 million
|
| Earnings per share |
Rs 1.16 |
| Forward P/E |
9 |
| Post-issue equity |
Rs 81.74 million
|
| Return on net worth |
18% |
| Comment |
Offshore income is comparatively less at the moment. Growth has slowed down.
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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.
Money
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