|
|
Company |
Zen Technologies |
Market Price |
Not listed |
Lead manager |
IDBI |
Listing At |
Hyderabad |
Opening/Closing |
September 4/September 7 |
Promoters |
Ashok Atluri, Ravi Kumar, Selwyn Sameul and A V Rao
|
Associate Co. |
None
|
Managing Director |
Ashok Atluri
|
Post-issue Stake |
55.31% |
Issue |
|
Size |
Rs.19.10 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5 |
Objective |
Financing expansion project, overseas office, working capital
|
Business |
|
Product |
Small Arms Training Simulator |
Location |
Hyderabad |
Project cost |
Rs 66.8 million
|
Funded by |
Equity, debt
|
Kensource projections |
(2001) |
Sales |
Rs 40 million |
Profit |
Rs 10 million
|
Earnings per share |
Rs 1.32 |
Forward P/E |
8 |
Post-issue equity
|
Rs 76.3 million |
Return on equity |
14% |
Comment |
Novel product, only domestic supplier. But the Indian market is limited and difficult.
|
Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
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