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| Company |
Moschip Semiconductor Technology
|
| Market Price |
Not listed |
| Lead manager |
Karvy Investor Services Limited
|
| Listing At |
BSE, Hyderabad
|
| Opening/Closing |
Fixed Price: January 3/January 5 |
| Promoters |
K Ramchandra Reddy, Dayakar Reddy, Vinay D Kumar
|
| Associate Co. |
Netmos Technology Incorporation, US
|
| Managing Director |
Dayakar Reddy
|
| Post-issue Stake |
54.24%
|
| Issue |
|
| Size |
2.68 million shares
|
| Price |
Rs 10
|
| On Application |
Rs 10 |
| On Allotment |
— |
| Objective |
Setting up state of the art design centre at Hyderabad, Bangalore, Pune, Madras and Noida, establishment of marketing office in the US and Taiwan, augment working capital resources.
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| Business |
|
| Present |
Providing Application Specific Integrated Circuits (ASICs), desigining Very Large Scale Integrated Circuits (VLSIs). |
| Proposed Project
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Development of system software for enabling the complete functionality of the ICs, setting up marketing offices in the US and Taiwan.
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| Location |
Hyderabad
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| Project cost |
Rs 105 million
|
| Funded by |
Equity, APIDC - VCL Equity contribution (15%), ESOP (6%), Public/Unsecured Loans (26%).
|
| Kensource projections |
(2001) |
| Sales |
Rs 15 million |
| Profit |
Rs 2 million
|
| Earnings per share |
Re 0.19
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| Forward P/E |
52 |
| Post-issue equity |
Rs 105 million
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| Return on net worth |
2%
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| Comment |
New venture, unpredictable future.
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| Rating *
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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.
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