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April 17, 2000
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Stocks
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|
| Company |
Baron Infotech Ltd
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| Market Price |
Unlisted
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| Lead manager |
Karvy Investor Services, ASK Raymond James
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| Listing At
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BSE, Hyderabad
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| Opening/Closing
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April 17, 2000/April 20, 2000
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| Promoters |
N V Rama Raju, D Srinivasa Raju, N Srinivasa Raju
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| Associate Co. |
None
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| Managing Director |
N V Rama Raju
|
| Post-issue Stake |
74.51% |
| Issue |
|
| Size |
Rs 25.5 million
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| Price |
Rs 10 at par |
| On Application |
Rs 10 |
| Allotment |
Nil |
| Objective |
Expand software development center in Hyderabad, overseas offices in Singapore & USA, strengthen existing product portfolio (Banking, ERP, e-commerce), working capital requirements, meet expenses of the issue, listing of shares.
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| Business |
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| Product |
Business applications, IT Consultancy, Bank automation solutions, Enterprise solutions.
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| Location |
Hyderabad
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| Project cost |
Rs 106 million |
| Funded by |
Equity and term loans
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| Kensource projections |
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| Sales |
Rs 80 million
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| Profit |
Rs 16 million |
| Earnings per share |
Rs 1.50 |
| Return on equity |
11.50 % |
| Comment |
No experience in e-commerce solutions, small company, great expectations
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| Rating *
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D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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