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|
|
| Company |
Ashika Credit Capital |
| Market Price |
Not listed |
| Lead manager |
Financial & Management Services
|
| Listing At |
Calcutta
|
| Opening/Closing |
August 5/August 11
|
| Promoters | Pawan Jain, Daulat Jain
|
| Associate Co. |
Ashika Stock Broking, Ashika Global Securities, Ashika Agro Projects (P) Ltd.
|
| Managing Director |
Pawan Jain
|
| Post-issue Stake |
75%
|
| Issue |
|
| Size |
Rs 12.5 million
|
| Price |
Rs 10
|
| On Application |
Rs 2.50 |
| On Allotment |
Rs 7.50 |
| Objective |
Make investments in Ashika Stock Broking Corporation, enhance infrastructure facilities
|
| Business |
|
| Product |
Merchant banking, leasing, loans & advances, corporate deposits, shares and securities, financial consultancy
|
| Location |
Calcutta |
| Project cost |
Rs 21.03 million
|
| Funded by |
Equity |
| Kensource projections |
(2001) |
| Sales |
Rs 44 million
|
| Profit |
Rs 2.5 million
|
| Earnings per share |
Re 0.50
|
| Forward P/E |
19
|
| Post-issue share capital |
Rs 108.37 million
|
| Return on equity |
3% |
| Comment | Reminds us of the 1994 boom in finance companies. 76% of the money will go into Ashika Stock Broking which made a loss in 1999.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt Ltd.
Money
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