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| Company |
Tabassum International
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| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
BSE, Ahmedabad, Hyderabad
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| Opening/Closing |
September 6/September 12 |
| Promoters |
Tabassum Govil, Milind Dabke
|
| Associate Co. |
None
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| Managing Director |
Tabassum Govil
|
| Post-issue Stake |
60% |
| Issue |
|
| Size |
Rs 40 million of which Rs 8 million is reserved for banks/FIs
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| Price |
Rs 10
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| On Application |
Rs 5
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| On Allotment |
Rs 5 |
| Objective |
Set up office, integrated studio, Internet-based entertainment web site, fixed assets
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| Business |
|
| Product |
Television software, stage shows, event management.
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| Location |
Bombay |
| Project cost |
Rs 65 million
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| Funded by |
Equity and internal accruals
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| Kensource projections |
(2001) |
| Sales |
Rs 25 million |
| Profit |
Rs 8 million
|
| Earnings per share |
Re 0.80 |
| Forward P/E |
13 |
| Post-issue equity |
Rs 100 million |
| Return on equity |
8% |
| Comment |
Operations too small. The company itself says it is 'not capable' of airtime marketing. The website is not likely to yield returns. Projecting a 2100 per cent turnover growth! What is the company without Tabassum? The only attraction is pricing.
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| Rating *
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C for risk-lovers, D for risk-averse
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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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