|
|
|
| Company |
Oceana Software Solutions |
| Market Price |
Not listed |
| Lead manager |
Systematix Corporate Services
|
| Listing At |
Madras, Bombay
|
| Opening/Closing |
August 10/August 14
|
| Promoters | K S Ramswamy
|
| Associate Co. |
None
|
| Managing Director |
K S Ramswamy
|
| Post-issue Stake |
50%
|
| Issue |
|
| Size |
Rs 100 million
|
| Price |
Rs 20 (face value Rs 10, premium Rs 10)
|
| On Application |
Rs 5 |
| On Allotment |
Rs 15 |
| Objective |
Expansion of software development facilities and software training centers, e-com and web development facilities, set up an office in the US. |
| Business |
|
| Product |
ERP packages, software development and training
|
| Location |
Madras |
| Project cost |
Rs 150.4 million
|
| Funded by |
Equity
|
| Kensource projections |
(2001) |
| Sales |
Rs 33 million
|
| Profit |
Rs 9 million
|
| Earnings per share |
Re 0.91
|
| Forward P/E |
22
|
| Post-issue share capital |
Rs 100 million
|
| Return on equity |
7% |
| Comment | Healthy financials, good growth plans. Can be beaten by competition if they are not fast enough. Buy after listing.
|
| Rating *
|
E
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid;
E = Buy after listing
By Kensource Information Services Pvt Ltd.
Money
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