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|
Company |
Geekay Imaging
|
Market Price |
Not listed |
Lead manager |
Canara Bank
|
Listing At |
Bangalore, Ahmedabad
|
Opening/Closing |
September 25/September 29 |
Promoters |
G K Deshpande, Rupa G Deshpande, Anand B Madyalkar
|
Associate Co. |
None
|
Managing Director |
G K Deshpande
|
Post-issue Stake |
56.44%
|
Issue |
|
Size |
Rs 47 million
|
Price |
Rs 20
|
On Application |
Rs 10
|
On Allotment |
Rs 10 |
Objective |
Establishment of software development centre, setting up overseas marketing offices, meet working capital requirement.
|
Business |
|
Product |
Digital graphic and multimedia solutions
|
Location |
Bangalore |
Project cost |
Rs 95 million
|
Funded by |
Equity, term loan
|
Kensource projections |
(2001) |
Sales |
Rs 40 million |
Profit |
Rs 5 million
|
Earnings per share |
Re 0.89 |
Forward P/E |
22 |
Post-issue equity |
Rs 53.95 million
|
Return on equity |
9% |
Comment |
Sound financials but likely to face competition from existing players.
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Rating *
|
D
|
* 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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