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Home > Money > Stocks > IPO Center > IPO Analysis
September 5, 2000
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 Company  MRO-TEK Limited
 Market Price  Not listed
 Lead manager  DSP Merrill Lynch
 Listing At  BSE, NSE and Bangalore
 Opening/Closing  Book bldg: September 4/September 9, Fixed price: September 25/September 28
 Promoters  Sarangan Narayanan, Himadri Nandi
 Associate Co.  RAD - MRO Manufacturing Limited, MRO Marketing Pvt. Ltd
 Managing Director  Himadri Nandi
 Post-issue Stake  31.8%
 Issue  
 Size  5.11 million shares
 Price  Face value: Rs 5, Floor price: Rs 95
 On Application  Minimum shares retail - 50, others - 1100
 On Allotment  —
 Objective  Expansion of manufacturing facilities, marketing facilities, set up corporate office in Bangalore, working capital.
 Business  
 Product  Virtual Private Networks, Network Encryption, Frame Relays ATM , firewall protection and client encryption.
 Location  Bangalore
 Project cost  Rs 369.10 million
 Funded by  Equity, internal accruals
 Kensource projections  (2001)
 Sales  Rs 1590 million
 Profit  Rs 207 million
 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
 Rating *  B

* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid

By Kensource Information Services Pvt Ltd.

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IPO Analysis

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