|
|
Company |
e.star Infotech |
Market Price |
Unlisted |
Lead manager |
Aryaman Financial Services |
Listing At |
BSE, Ahmedabad, Hyderabad
|
Opening/Closing |
Februrary 15/Februrary 24 |
Promoters |
Mahesh Thanvi, Arvind Thanvi, Bankat Sharma
|
Associate Co. |
Multi Trade Corporation
|
Managing Director |
Mahesh Thanvi
|
Post-issue stake |
60%
|
Issue |
|
Size |
Rs 40 million
|
Price |
Rs 10
|
On Application |
Rs 2.50
|
On Allotment |
Rs 7.50 |
Objective |
Part-finance setting up software development and training centres
|
Business |
|
Present |
Trading of software packages with value addition, development of websites.
|
Proposed Project
|
Setting up software development centre and training centres
|
Location |
New Bombay
|
Project cost |
Rs 111.50 million
|
Funded by |
Promoters equity (54%), public equity (36%), term loan (10%)
|
Kensource projections |
(2001) |
Sales |
Rs 53 million |
Profit |
Rs 6 million
|
Earnings per share |
Re 0.53
|
Forward P/E |
19 |
Post-issue equity |
Rs 100 million |
Return on net worth |
5%
|
Comment |
Forward P/E of 19. Some of the best software companies are trading at less than that
|
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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