June 26, 2000
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Stocks
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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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