April 28, 2000
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Stocks
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|
Company |
Jeevan Softech |
Market Price |
Unlisted
|
Lead manager |
CIL Securities Limited
|
Listing At
|
Hyderabad
|
Opening/Closing
|
April 29, 2000/May 5, 2000
|
Promoters |
Krishna Kishore Kuchipudi and K Vanaja
|
Associate Co. |
Jeevan Mitra Chit Fund, Jeevan Mitra Finance Corporation
|
Managing Director |
K Suryanarayana
|
Post-issue Stake |
74.84%
|
Issue |
|
Size |
Rs 15.2 million
|
Price |
Rs 10
|
On Application |
Rs 10
|
Allotment |
Nil |
Objective |
Part finance expansion of software development and training centers
|
Business |
|
Product |
Software development, education and training
|
Location |
Hyderabad
|
Project cost |
Rs 72 million |
Funded by |
Equity, term loans
|
Kensource projections |
(2001) |
Sales |
Rs 32.7 million
|
Profit |
Rs 3.6 million |
Earnings per share |
Re 0.59 |
Return on equity |
5.5% |
Comment | The company has an extremely vague strategy for growth, has not received permissions for its overseas office and its courses are not recognised. In short, its too early to take-off.
|
Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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