|
|
Company |
Siris Soft
|
Market Price |
Not listed |
Lead manager |
CIL Securities
|
Listing At |
BSE, Hyderabad
|
Opening/Closing |
September 25/October 3 |
Promoters |
Gokaraju Ganesh Kumar and B Kasi Raju
|
Associate Co. |
Siris Agro Limited, Siris Cellars Pvt Ltd
|
Managing Director |
Gokaraju Ganesh Kumar
|
Post-issue Stake |
74.63%
|
Issue |
|
Size |
Rs 26 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5 |
Objective |
Infrastructure expansion, market existing ERP products, set up branches in the US
|
Business |
|
Product |
E-commerce applications
|
Location |
Hyderabad |
Project cost |
Rs 110 million
|
Funded by |
Equity, term loan
|
Kensource projections |
(2001) |
Sales |
Rs 65 million |
Profit |
Rs 13 million
|
Earnings per share |
Rs 1.27 |
Forward P/E |
8 |
Post-issue equity |
Rs 102.5 million
|
Return on equity |
13% |
Comment |
Good financials, interesting alliances/tie-ups, yet, the only attraction is 'offer at par'. |
Rating *
|
C
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
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