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June 26, 2000
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Stocks
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|
| Company |
Orpine Systems |
| Market Price |
Not listed |
| Lead manager |
Weizmann Capital |
| Listing At |
Hyderabad, Calcutta, Ahmedabad
|
| Opening/Closing |
June 26, 2000 / June 30, 2000 |
| Promoters |
M Sridhar, B B Niranjan Kumar, V V Narayana, Sairam Reddy Gaddam, Raveendra Nalluri, Somya Chaudhary, Rajiv Virmani
|
| Associate Co. |
None
|
| Managing Director |
M Sridhar
|
| Post-issue Stake |
73.46%
|
| Issue |
|
| Size |
Rs 27.1 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
Nil
|
| Objective |
Set up overseas subsidiaries in USA, Australia, Singapore
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| Business |
|
| Product |
(Proposed) Geographic Information Systems, System and Network Integration, Custom Business Solutions, Database Management Systems, Web based Technologies
|
| Location |
Hyderabad
|
| Project cost |
Rs 114.6 million
|
| Funded by |
Equity and term loan from Global Trust Bank
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| Kensource projections |
(2001) |
| Sales |
Rs 51 million
|
| Profit |
Rs 10 million
|
| Earnings per share |
Re 1 |
| Return on equity |
10% |
| Comment | Stellar board, low priced, low floating stock, high hopes
|
| Rating *
|
B
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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