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|
|
| Company |
e.star Infotech |
| Market Price |
Unlisted |
| Lead manager |
Aryaman Financial Services |
| Listing At |
BSE, Ahmedabad, Hyderabad
|
| Opening/Closing |
Februrary 15/Februrary 24 |
| Promoters |
Mahesh Thanvi, Arvind Thanvi, Bankat Sharma
|
| Associate Co. |
Multi Trade Corporation
|
| Managing Director |
Mahesh Thanvi
|
| Post-issue stake |
60%
|
| Issue |
|
| Size |
Rs 40 million
|
| Price |
Rs 10
|
| On Application |
Rs 2.50
|
| On Allotment |
Rs 7.50 |
| Objective |
Part-finance setting up software development and training centres
|
| Business |
|
| Present |
Trading of software packages with value addition, development of websites.
|
| Proposed Project
|
Setting up software development centre and training centres
|
| Location |
New Bombay
|
| Project cost |
Rs 111.50 million
|
| Funded by |
Promoters equity (54%), public equity (36%), term loan (10%)
|
| Kensource projections |
(2001) |
| Sales |
Rs 53 million |
| Profit |
Rs 6 million
|
| Earnings per share |
Re 0.53
|
| Forward P/E |
19 |
| Post-issue equity |
Rs 100 million |
| Return on net worth |
5%
|
| Comment |
Forward P/E of 19. Some of the best software companies are trading at less than that
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
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