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Company |
IT&T Limited
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Market Price |
Not listed |
Lead manager |
JM Morgan Stanley
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Listing At |
Delhi, BSE, NSE
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Opening/Closing |
October 18/October 24
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Promoters |
Rohitasava Chand, Karan Puri, Hemant Kohli, K Ganesh
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Associate Co. |
I T & T Global Services, I T & T Net Managed Services Ltd, Innovative Learning Technologies, Key Technologies Group, Trak Services Ltd, Mishra Computers Pvt Ltd, RB Builders, Yukti Securities, CRM Holdings, Customer Asset.com
|
Managing Director |
Karan Puri
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Post-issue Stake |
74.76%
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Issue |
|
Size |
Rs 316.7 million
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Price |
Face value: Rs 3, Floor price: Rs 81 |
On Application |
Rs 50
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On Allotment |
Rs 31 |
Objective |
Set up software export unit and a technology centre, set up portal, offshore offices, incubation of internet related initiatives
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Business |
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Product |
Third party computer maintenence, training, software development, systems integration
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Location |
Delhi
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Project cost |
Rs 328.85 million
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Funded by |
Equity |
Kensource projections |
(2001) |
Sales |
Rs 330 million
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Profit |
Rs 66 million
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Earnings per share |
Rs 4.25 |
Forward P/E |
5.5 |
Post-issue equity |
Rs 77.53 million
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Comment |
Erratic growth. Too many group companies/subsidiaries in the same business. Low margins in systems integration. Has to rev up software development and export
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Rating *
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C
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* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
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