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Company |
MRO-TEK Limited
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Market Price |
Not listed |
Lead manager |
DSP Merrill Lynch |
Listing At |
BSE, NSE and Bangalore
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Opening/Closing |
Book bldg: September 4/September 9, Fixed price: September 25/September 28 |
Promoters |
Sarangan Narayanan, Himadri Nandi
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Associate Co. |
RAD - MRO Manufacturing Limited, MRO Marketing Pvt. Ltd
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Managing Director |
Himadri Nandi
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Post-issue Stake |
31.8% |
Issue |
|
Size |
5.11 million shares
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Price |
Face value: Rs 5, Floor price: Rs 95
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On Application |
Minimum shares retail - 50, others - 1100
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On Allotment |
— |
Objective |
Expansion of manufacturing facilities, marketing facilities, set up corporate office in Bangalore, working capital.
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Business |
|
Product |
Virtual Private Networks, Network Encryption, Frame Relays ATM , firewall protection and client encryption.
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Location |
Bangalore |
Project cost |
Rs 369.10 million
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Funded by |
Equity, internal accruals
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Kensource projections |
(2001) |
Sales |
Rs 1590 million |
Profit |
Rs 207 million
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Earnings per share |
Rs 10 |
Forward P/E |
9.5 |
Return on equity |
18% |
Comment |
Impressive growth, alliances. Tremendous opportunity for the next two years
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Rating *
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B
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* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
Money
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