|
|
|
| Company |
IKF Software.com
|
| Market Price |
Unlisted |
| Lead manager |
Fedex Securities
|
| Listing At |
Hyderabad, Calcutta, BSE.
|
| Opening/Closing |
Februrary 19/Februrary 24 |
| Promoters |
Ramchandra N Galla, Srinivasa Rao Koganti, Ramakrishna Darapaneni, Vengal Roa Darapaneni, Vasumathi Devi Vupputuri, Raghuram Vupputuri, Gopal Kishan Prasad Vupputuri |
| Associate Co. |
Amara Raja Batteries, IKF Finance Limited, Amara Raja Power Systems, Sri Darpaneni Chemicals Pvt Ltd, Coastal Local Area Bank Limited, Ample Systems Incorporation, USA |
| Managing Director |
Srinivasa Rao Koganti
|
| Post-issue stake |
28%
|
| Issue |
|
| Size |
Rs 40 million
|
| Price |
Rs 10
|
| On Application |
Rs 2.50
|
| On Allotment |
Rs 7.50 |
| Objective |
To set up software development centre at Hyderabad including hardware and software, Investing in US subsidiary for facilitating marketing.
|
| Business |
|
| Present |
Undertaking software development projects
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| Proposed Project
|
Providing software services which include wirless data systems and software engineering expertise, wireless data centre and one stop customer support and product development
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| Location |
Hyderabad
|
| Project cost |
Rs 120 million
|
| Funded by |
Core promoters and directors (25%), friends, relatives and associates (31%), public issue (33%), term loan (10%)
|
| Kensource projections |
(2002) |
| Sales |
Rs 3.7 million |
| Profit |
Rs 0.78 million
|
| Earnings per share |
Re 0.07
|
| Forward P/E |
139 |
| Post-issue equity |
Rs 108 million |
| Return on net worth |
1%
|
| Comment |
Great growth plans and strong promoters but the company is still in its infancy
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| Rating *
|
E
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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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