|
|
|
| Company |
IQMS Software
|
| Market Price |
Not listed |
| Lead manager |
Fedex Securities
|
| Listing At |
BSE, Hyderabad
|
| Opening/Closing |
September 28/October 3 |
| Promoters |
KVN Vijaya Simha, K Vijay Kumar, KGV Nageshwar, T Sivramprasad, J Satya Surya Narayana, MGK Chowdary |
| Associate Co. |
Sindhuri Finance, Integrated Quality Management Services, Coastal Medicare Pvt Ltd
|
| Managing Director |
KVN Vijaya Simha
|
| Post-issue Stake |
61.54%
|
| Issue |
|
| Size |
Rs 45 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Set up software development project, invest in overseas company, acquire assets |
| Business |
|
| Product |
Design and market software solutions
|
| Location |
Hyderabad |
| Project cost |
Rs 130 million
|
| Funded by |
Equity, term loan
|
| Kensource projections |
(2001) |
| Sales |
Rs 29.43 million |
| Profit |
Rs 4.42 million
|
| Earnings per share |
Re 0.38 |
| Forward P/E |
26.5 |
| Post-issue equity |
Rs 117 million
|
| Return on equity |
5% |
| Comment |
New company, no track record, entering a highly competitive sector |
| Rating *
|
D
|
* 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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