April 27, 2000
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Company |
Weal Infotech
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Market Price |
Unlisted
|
Lead manager |
Munoth Financial Services, Central Bank Of India
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Listing At
|
Hyderabad, Bangalore, Madras
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Opening/Closing
|
April 28, 2000/May 4, 2000
|
Promoters |
S Anand, Bhanu Prakash, K Satyanarayana
|
Associate Co. |
None
|
Managing Director |
P P Gupta
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Post-issue Stake |
74.71%
|
Issue |
|
Size |
Rs 13.2 million
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Price |
Rs 10
|
On Application |
Rs 5
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Allotment |
Rs 5 |
Objective |
Part finance the project, set up overseas liaison offices and a software development centre
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Business |
|
Product |
Portal development, interactive information dissemination kiosks, interconnectivity solutions, document management solutions
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Location |
Hyderabad
|
Project cost |
Rs 46.9 million |
Funded by |
Mainly through equity, a small part through a bank term loan
|
Kensource projections |
(2001) |
Sales |
Rs 23 million
|
Profit |
Rs 6.1 million |
Earnings per share |
Rs 1.17 |
Return on equity |
12% |
Comment |
Portals, WAP, e-commerce and Interactive information dissemination kiosks. Impressive, yes, but let's not forget that the company has nothing to show yet except a board of well-educated directors
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Rating *
|
D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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