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June 21, 2000
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|
| Company |
Kals Information Systems |
| Market Price |
Not listed |
| Lead manager |
Canara Bank
|
| Listing At |
Bangalore, Delhi, Hyderabad
|
| Opening/Closing |
June 21, 2000 / June 26, 2000 |
| Promoters |
K Srinivasan, K Ananthapadmanabhan, R Krishnaswamy
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| Associate Co. |
Data Fusions Pte Ltd
|
| Managing Director |
K Srinivasan
|
| Post-issue Stake |
55.56%
|
| Issue |
|
| Size |
Rs 13.2 million
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| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Set up offices in Bombay and Madras, branch office in the US, software development center in Bangalore and to expand the management team
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| Business |
|
| Product |
Insurance software services, Workflow and document imaging, Web enabled applications and insurance domain consulting
|
| Location |
Bangalore
|
| Project cost |
Rs 55.90 million
|
| Funded by |
Equity, overseas corporate bodies and term loan from Canara bank
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| Kensource projections |
(2001) |
| Sales |
Rs 32 million
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| Profit |
Rs 5 million |
| Earnings per share |
Re 0.91 |
| Return on equity |
7% |
| Comment | Doddering growth plans, awesome projections
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| Rating *
|
D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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