|
|
|
| Company |
Oasis Infotech |
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Bangalore, Ahmedabad
|
| Opening/Closing |
October 4/October 12 |
| Promoters |
V Srikanth, L Vijay Anand, V S R Ch Murthy
|
| Associate Co. |
None
|
| Managing Director |
V Srikanth
|
| Post-issue Stake |
65.61%
|
| Issue |
|
| Size |
Rs 20 million
|
| Price |
Rs 10 |
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Funding of software development project cost, set up overseas office, working capital
|
| Business |
|
| Product |
Software development, e-commerce related services, banking solutions, WAP solutions, manpower consultancy, software consultancy, software education
|
| Location |
Hyderabad
|
| Project cost |
Rs 67.31 million
|
| Funded by |
Equity, term loan, internal accruals |
| Kensource projections |
(2001) |
| Sales |
Rs 35 million
|
| Profit |
Rs 4 million
|
| Earnings per share |
Re 0.53 |
| Forward P/E |
19 |
| Post-issue equity |
Rs 60.2 million
|
| Return on equity |
5%
|
| Comment |
Bulk of revenue still comes from training. Poor margins. The portals are not something to write home about. Fantastic projections.
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
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