|
|
|
| Company |
Zen Technologies |
| Market Price |
Not listed |
| Lead manager |
IDBI |
| Listing At |
Hyderabad |
| Opening/Closing |
September 4/September 7 |
| Promoters |
Ashok Atluri, Ravi Kumar, Selwyn Sameul and A V Rao
|
| Associate Co. |
None
|
| Managing Director |
Ashok Atluri
|
| Post-issue Stake |
55.31% |
| Issue |
|
| Size |
Rs.19.10 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Financing expansion project, overseas office, working capital
|
| Business |
|
| Product |
Small Arms Training Simulator |
| Location |
Hyderabad |
| Project cost |
Rs 66.8 million
|
| Funded by |
Equity, debt
|
| Kensource projections |
(2001) |
| Sales |
Rs 40 million |
| Profit |
Rs 10 million
|
| Earnings per share |
Rs 1.32 |
| Forward P/E |
8 |
| Post-issue equity
|
Rs 76.3 million |
| Return on equity |
14% |
| Comment |
Novel product, only domestic supplier. But the Indian market is limited and difficult.
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
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