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June 26, 2000

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 Company  Orpine Systems
 Market Price  Not listed
 Lead manager  Weizmann Capital
 Listing At  Hyderabad, Calcutta, Ahmedabad
 Opening/Closing  June 26, 2000 / June 30, 2000
 Promoters  M Sridhar, B B Niranjan Kumar, V V Narayana, Sairam Reddy Gaddam, Raveendra Nalluri, Somya Chaudhary, Rajiv Virmani
 Associate Co.  None
 Managing Director  M Sridhar
 Post-issue Stake  73.46%
 Issue  
 Size  Rs 27.1 million
 Price  Rs 10
 On Application  Rs 10
 On Allotment  Nil
 Objective  Set up overseas subsidiaries in USA, Australia, Singapore
 Business  
 Product  (Proposed) Geographic Information Systems, System and Network Integration, Custom Business Solutions, Database Management Systems, Web based Technologies
 Location  Hyderabad
 Project cost  Rs 114.6 million
 Funded by  Equity and term loan from Global Trust Bank
 Kensource projections  (2001)
 Sales  Rs 51 million
 Profit  Rs 10 million
 Earnings per share  Re 1
 Return on equity  10%
 Comment Stellar board, low priced, low floating stock, high hopes
 Rating *  B

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

By Kensource Information Services Pvt. Ltd.

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