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May 8, 2000
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Stocks
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|
| Company |
Computer Power (India) |
| Market Price |
Not listed |
| Lead manager |
Munoth Financial Services
|
| Listing At |
Madras, Cochin, Ahmedabad, Calcutta, Hyderabad and Bangalore
|
| Opening/Closing |
May 8, 2000 / May 11, 2000 |
| Promoters |
Easwar Subramanian, Easwar Ramabhadran, J Venkataraman
|
| Associate Co. |
—
|
| Managing Director |
Easwar Ramabhadran
|
| Post-issue Stake |
60% |
| Issue |
|
| Size |
Rs 20 million |
| Price |
Re 1
|
| On Application |
Re 1
|
| On Allotment |
—
|
| Objective |
Hardware and software upgradation, development of e-commerce and web based project facilities, expansion of training centers
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| Business |
|
| Product |
Software development and training
|
| Location |
Chennai, Dindigul, Mayiladuthurai, Trichy
|
| Project cost |
Rs 54.82 million
|
| Funded by |
Equity and term loan from Federal Bank
|
| Kensource projections |
(2001) |
| Sales |
Rs 30 million
|
| Profit |
Rs 4.5 million
|
| Earnings per share |
Re 0.09 |
| Return on equity |
8% |
| Comment | A penny stock and you can lose the whole of it.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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