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Home > Money > Stocks > IPO Center > IPO Analysis
October 18, 2000
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 Company  IT&T Limited
 Market Price  Not listed
 Lead manager  JM Morgan Stanley
 Listing At  Delhi, BSE, NSE
 Opening/Closing  October 18/October 24
 Promoters  Rohitasava Chand, Karan Puri, Hemant Kohli, K Ganesh
 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
 Post-issue Stake  74.76%
 Issue  
 Size  Rs 316.7 million
 Price  Face value: Rs 3, Floor price: Rs 81
 On Application  Rs 50
 On Allotment  Rs 31
 Objective  Set up software export unit and a technology centre, set up portal, offshore offices, incubation of internet related initiatives
 Business  
 Product  Third party computer maintenence, training, software development, systems integration
 Location  Delhi
 Project cost  Rs 328.85 million
 Funded by  Equity
 Kensource projections  (2001)
 Sales  Rs 330 million
 Profit  Rs 66 million
 Earnings per share  Rs 4.25
 Forward P/E  5.5
 Post-issue equity  Rs 77.53 million
 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
 Rating *  C

* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing

By Kensource Information Services Pvt Ltd.

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