|
|
Company |
Essel Software & Services
|
Market Price |
Not listed |
Lead manager |
Aryaman Financial Services
|
Listing At |
Hyderabad, Ahmedabad
|
Opening/Closing |
September 25/October 3 |
Promoters |
Sridhar Narra, Srinivasa Rao Narra, Srinivasa Rao Chagarlamudi
|
Associate Co. |
None
|
Managing Director |
Sridhar Narra
|
Post-issue Stake |
70.63%
|
Issue |
|
Size |
Rs 16 million
|
Price |
Rs 10
|
On Application |
Rs 5
|
On Allotment |
Rs 5 |
Objective |
Fund software development project, set up overseas offices
|
Business |
|
Product |
Application software, consultancy
|
Location |
Hyderabad |
Project cost |
Rs 67.5 million
|
Funded by |
Equity, term loan
|
Kensource projections |
(2001) |
Sales |
Rs 17 million |
Profit |
Rs 0.60 million
|
Earnings per share |
Re 0.11 |
Forward P/E |
92 |
Post-issue equity |
Rs 63 million
|
Return on equity |
2% |
Comment |
Late entrant in the software jungle, likely to get swallowed by competition. Already has high discounting. |
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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