Rediff Logo
Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Travel | Weather | Wedding | Women
Partner Channels: Auctions | Auto | Education | Jobs | TechJobs | Technology
Line
Home > Money > Stocks > IPO Center > IPO Analysis
August 9, 2000
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  Corporate Database
 -  IPO Center
 -  Money Special
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials

 Search Money
 

 
 Company  Oceana Software Solutions
 Market Price  Not listed
 Lead manager  Systematix Corporate Services
 Listing At  Madras, Bombay
 Opening/Closing  August 10/August 14
 Promoters K S Ramswamy
 Associate Co.  None
 Managing Director  K S Ramswamy
 Post-issue Stake  50%
 Issue  
 Size  Rs 100 million
 Price  Rs 20 (face value Rs 10, premium Rs 10)
 On Application  Rs 5
 On Allotment  Rs 15
 Objective  Expansion of software development facilities and software training centers, e-com and web development facilities, set up an office in the US.
 Business  
 Product  ERP packages, software development and training
 Location  Madras
 Project cost  Rs 150.4 million
 Funded by  Equity
 Kensource projections  (2001)
 Sales  Rs 33 million
 Profit  Rs 9 million
 Earnings per share  Re 0.91
 Forward P/E  22
 Post-issue share capital  Rs 100 million
 Return on equity  7%
 CommentHealthy financials, good growth plans. Can be beaten by competition if they are not fast enough. Buy after listing.
 Rating *  E

* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid;
    E = Buy after listing

By Kensource Information Services Pvt Ltd.

Money

IPO Analysis

Tell us what you think of this analysis