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May 13, 2000
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|
| Company |
Balwas e-Com India |
| Market Price |
Not listed |
| Lead manager |
FEDEX Securities
|
| Listing At |
BSE, Ahmedabad
|
| Opening/Closing |
May 15, 2000 / May 20, 2000 |
| Promoters |
The Balwa Group
|
| Associate Co. |
Burgmann India Pvt Ltd., Auto Land India (P) Ltd., Balwas Hotel, Automann India Pvt Ltd, Balwas Hotels and Resorts.
|
| Managing Director |
Hussein A K Balwa
|
| Post-issue Stake |
56.49%
|
| Issue |
Equity shares at par |
| Size |
Rs 35 million
|
| Price |
Rs 10
|
| On Application |
Rs 5 (minimum 200 shares)
|
| On Allotment |
Rs 5
|
| Objective |
Part finance software development center at Bombay
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| Business |
Software Development
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| Product |
(Proposed) Medical and Legal transcription, call centers, e-commerce, Data warehousing
|
| Location |
Bombay
|
| Project cost |
Rs 118.5 million
|
| Funded by |
Mostly through equity and a minuscule part through a term loan
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| Kensource projections |
(2001) |
| Sales |
Rs 12 million
|
| Profit |
Rs 1.32 million |
| Earnings per share |
Re 0.01 |
| Return on equity |
1% |
| Comment | No software, no hardware, no office… E-commerce? Ha!
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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.
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