|
|
|
| Company |
IT&T Limited
|
| Market Price |
Not listed |
| Lead manager |
JM Morgan Stanley
|
| Listing At |
Delhi, BSE, NSE
|
| Opening/Closing |
October 18/October 24
|
| Promoters |
Rohitasava Chand, Karan Puri, Hemant Kohli, K Ganesh
|
| Associate Co. |
I T & T Global Services, I T & T Net Managed Services Ltd, Innovative Learning Technologies, Key Technologies Group, Trak Services Ltd, Mishra Computers Pvt Ltd, RB Builders, Yukti Securities, CRM Holdings, Customer Asset.com
|
| Managing Director |
Karan Puri
|
| Post-issue Stake |
74.76%
|
| Issue |
|
| Size |
Rs 316.7 million
|
| Price |
Face value: Rs 3, Floor price: Rs 81 |
| On Application |
Rs 50
|
| On Allotment |
Rs 31 |
| Objective |
Set up software export unit and a technology centre, set up portal, offshore offices, incubation of internet related initiatives
|
| Business |
|
| Product |
Third party computer maintenence, training, software development, systems integration
|
| Location |
Delhi
|
| Project cost |
Rs 328.85 million
|
| Funded by |
Equity |
| Kensource projections |
(2001) |
| Sales |
Rs 330 million
|
| Profit |
Rs 66 million
|
| Earnings per share |
Rs 4.25 |
| Forward P/E |
5.5 |
| Post-issue equity |
Rs 77.53 million
|
| Comment |
Erratic growth. Too many group companies/subsidiaries in the same business. Low margins in systems integration. Has to rev up software development and export
|
| Rating *
|
C
|
* 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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