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Home > Money > Stocks > IPO Center > IPO Analysis
August 7, 2000
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 Company  Netripples.com Software
 Market Price  Not listed
 Lead manager  Karvy Investor Services
 Listing At  Hyderabad, Ahmedabad and Bangalore
 Opening/Closing  August 7/August 11
 Promoters Mazhar Pasha, Jameela Afreen
 Associate Co.  Netripples.com Inc., Netripples Software Inc.
 Managing Director  Mazhar Pasha
 Post-issue Stake  53.44%
 Issue  
 Size  Rs 30 million
 Price  Rs 10
 On Application  Rs 10
 On Allotment  —
 Objective  Increase infrastructure facilities, marketing of software development through USA and Canada offices, working capital
 Business  
 Product  Software development, portal development, software training
 Location  Hyderabad
 Project cost  Rs 74.80 million
 Funded by  Equity and term loan (Rs 5 million) from APIDC
 Kensource projections  (2001)
 Sales  Rs 10 million
 Profit  Rs 0.7 million
 Earnings per share  Re 0.10
 Forward P/E  96
 Post-issue share capital  Rs 69.80 million
 Return on equity  2%
 CommentHas had a spurt of growth only in the last year. Poor profit margins.
 Rating *  D

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt Ltd.

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IPO Analysis

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