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| Company |
Essemm Information Systems |
| Market Price |
Not listed |
| Lead manager |
Nagarjuna Financial Services |
| Listing At |
Hyderabad, Bangalore
|
| Opening/Closing |
3rd October / 10th October |
| Promoters |
B. Satyanarayana, R. Gopala Krishna, V. G. Chako. |
| Associate Co. |
Essemm Intraport Services Pvt. Ltd, Essemm Gopher Information Systems, Essemm Asset Management, Vizag Hospital and Cancer Research |
| Managing Director |
B. Satyanarayana |
| Post-issue Stake |
58.18% |
| Issue |
|
| Size |
Rs.12.5 million |
| Price |
Rs.10 |
| On Application |
Rs.5 |
| On Allotment |
Rs.5 |
| Objective |
Part financing expansion project, Setup overseas office. |
| Business |
|
| Product |
Software Development, Content Development, Onsite Consultancy |
| Location |
Vishakapatnam |
| Project cost |
Rs.45.23 million |
| Funded by |
Promoters and their Associates (61%), Public Equity (28%), Term Loan (11%). |
| Kensource projections |
(2001) |
| Sales |
Rs 42 million
|
| Profit |
Rs 6 million
|
| Earnings per share |
Rs 1.25 |
| Forward P/E |
8 |
| Post-issue equity |
Rs 48.10 million
|
| Return on equity |
12% |
| Comment |
Loss making until last year. Associate company also into software. |
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
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