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|
Company |
Opto Circuits (India)
|
Market Price |
Not listed |
Lead manager |
Karvy Investor Services
|
Listing At |
BSE, Hyderabad, Bangalore
|
Opening/Closing |
September 29/October 6 |
Promoters |
Vinod Ramnani, Usha Ramnani, Thomas Dietikar, Jayesh Patel |
Associate Co. |
None
|
Managing Director |
Vinod Ramnani
|
Post-issue Stake |
74.68%
|
Issue |
|
Size |
Rs 135.10 million
|
Price |
Rs 50
|
On Application |
Rs 25
|
On Allotment |
Rs 25 |
Objective |
Additions to existing building, enhance infrastructural facilities, set up marketing office in London, repay high-cost debt
|
Business |
|
Product |
Optical Sensors, Medical Electronics, Security Systems, Chip on board assemblies.
|
Location |
Bangalore |
Project cost |
Rs 155 million
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 252 million
|
Profit |
Rs 45 million
|
Earnings per share |
Rs 4.24 |
Forward P/E |
12 |
Post-issue equity |
Rs 107.1 million
|
Return on equity |
20% |
Comment |
Attractive sector, impressive growth, worth a shot |
Rating *
|
A
|
* 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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