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|
Company |
Galaxy Multimedia
|
Market Price |
Not listed |
Lead manager |
UTI Securities Exchange Limited
|
Listing At |
BSE, Hyderabad
|
Opening/Closing |
September 22/September 27 |
Promoters |
Vipin Rai Bhayana
|
Associate Co. |
None
|
Managing Director |
Vipin Rai Bhayana
|
Post-issue Stake |
50.75%
|
Issue |
|
Size |
Rs 25.5 million
|
Price |
Rs 10
|
On Application |
Rs 10
|
On Allotment |
— |
Objective |
Set up multimedia studio and post-production facilities, produce television software
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Business |
|
Product |
Television software, post-production facilities, multimedia studio.
|
Location |
Bombay |
Project cost |
Rs 125.67 million
|
Funded by |
Equity, term loan
|
Kensource projections |
(2001) |
Sales |
Rs 20 million |
Profit |
Rs 4 million
|
Earnings per share |
Re 0.40 |
Forward P/E |
27 |
Post-issue equity |
Rs 100.5 million
|
Return on equity |
4% |
Comment |
The studio is still being built, will face stiff competition from existing players. Better to wait and watch.
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Rating *
|
D
|
* 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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