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|
| Company |
Pragnya Software Systems |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Ahmedabad |
| Opening/Closing |
14th August 2000 / 21st August 2000 |
| Promoters |
G Murali Krishna, G Venkata Krishna
|
| Associate Co. |
None
|
| Managing Director |
G Murali Krishna |
| Post-issue Stake |
70.23% |
| Issue |
|
| Size |
Rs 17 million |
| Price |
Rs 10
|
| On Application |
Rs 5 |
| On Allotment |
Rs 5 |
| Objective |
Part finance expansion |
| Business |
|
| Product |
Software development mainly for the defense sector, library and hospital management systems and automation of gas agencies
|
| Location |
Hyderabad |
| Project cost |
Rs 72 million |
| Funded by |
Equity and Term loans |
| Kensource projections |
(2001) |
| Sales |
Rs 13.5 million |
| Profit |
Rs 3 million |
| Earnings per share |
Rs 0.40 |
| Forward P/E |
24 |
| Post-issue share capital |
Rs 65.5 million |
| Return on equity |
7% |
| Comment |
Too much dependence on the defence sector, growth plans are shaky.
|
| Rating *
|
D
|
* 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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