|
|
|
| Company |
Suchinfotech Limited |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Ahmedabad |
| Opening/Closing |
August 18, 2000 / August 24, 2000 |
| Promoters |
K Govardhan Reddy and D Sreedhar Reddy
|
| Associate Co. |
Poojitha Estates Pvt Ltd, Soroka Soft (India) Pvt Ltd, M/s Concourse, Kin Plast Pvt Ltd, Kinetic Organics & Plastics Pvt Ltd, M/s Twin Cities Infotech
|
| Managing Director |
K Govardhan Reddy
|
| Post-issue Stake |
72.69% |
| Issue |
|
| Size |
Rs 14 million |
| Price |
Rs 10
|
| On Application |
Rs 5 |
| On Allotment |
Rs 5 |
| Objective |
Software development, infrastructure facilities, overseas offices
|
| Business |
|
| Product |
E-commerce solutions, offshore software development, software training and onsite consultancy services
|
| Location |
Hyderabad |
| Project cost |
Rs 56.9 million
|
| Funded by |
Equity and term loan |
| Kensource projections |
(2001) |
| Sales |
Rs 10.25 million |
| Profit |
Rs 1.5 million |
| Earnings per share |
Re 0.20 |
| Forward P/E |
45 |
| Post-issue share capital |
Rs 51.25 million |
| Return on equity |
2% |
| Comment |
Not commenced operations yet, will face fierce competition, extremely risky.
|
| 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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