July 22, 2000
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Company |
Dynacons Systems & Solutions
|
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services, Dena Bank
|
Listing At |
BSE, NSE, Ahmedabad, Hyderabad
|
Opening/Closing |
July 21/July 28
|
Promoters | Shirish Anjaria, Parag Dalal, Dharmesh Anjaria, Pankaj Salot, Hema Salot, Mukesh Shah
|
Associate Co. |
None
|
Managing Director |
Shirish Anjaria
|
Post-issue Stake |
52.38%
|
Issue |
|
Size |
Rs 216 million
|
Price |
Rs 30
|
On Application |
Rs 7.50 |
On Allotment |
Rs 22.50 |
Objective |
Part finance cost of expansion and diversification, working capital requirements
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Business |
|
Product |
IT services
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Location |
Bombay |
Project cost |
Rs 270.90 million
|
Funded by |
Mainly equity and a term loan of Rs 27.3 million |
Kensource projections |
(2001) |
Sales |
Rs 275 million
|
Profit |
Rs 30 million
|
Earnings per share |
Rs 3
|
Forward P/E |
10
|
Return on equity |
14% |
Comment | Decent track record. Smallish size of operations but a large public issue. Could have been priced lower. Large public float. Pick up after listing.
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Rating *
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D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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