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May 5, 2000
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|
| Company |
Southern Online Services |
| Market Price |
Not listed |
| Lead manager |
Nagarjuna Financial Services, Central Bank of India
|
| Listing At |
Hyderabad, Bangalore
|
| Opening/Closing |
May 5, 2000 / May 9, 2000 |
| Promoters |
C M Ramesh, N Satish Kumar, B Sreedhara Reddy, K Radha Krishna and B Hare Ram Balaji
|
| Associate Co. |
None
|
| Managing Director |
C M Ramesh
|
| Post-issue Stake |
75% |
| Issue |
|
| Size |
Rs 13.4 million |
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
Nil
|
| Objective |
Part finance setting up of International Gateway for ISP operations and for E-commerce and software development operations
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| Business |
|
| Product |
Internet Service Provider (ISP)
|
| Location |
Hyderabad |
| Project cost |
Rs 59.77 million
|
| Funded by |
Equity and term loan from Central Bank of India
|
| Kensource projections |
(2001) |
| Sales |
34.70 million
|
| Profit |
3.76 million |
| Earnings per share |
Re 0.70 |
| Return on equity |
6% |
| Comment | The company is likely to face stiff competition in the future |
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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