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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% |
Comment | Has had a spurt of growth only in the last year. Poor profit margins.
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Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt Ltd.
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