|
|
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% |
Comment | Healthy 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
|