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| Company |
Master.com Software
|
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital |
| Listing At |
Ahmedabad, Calcutta, Hyderabad and Pune
|
| Opening/Closing |
September 11/September 15 |
| Promoters |
B Manjari, M Sreekiran and B Sreekalyan
|
| Associate Co. |
None
|
| Managing Director |
B Manjari
|
| Post-issue Stake |
35.93% |
| Issue |
|
| Size |
Rs 25 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Set up overseas marketing office in USA, part finance software development centre, working capital
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| Business |
|
| Product |
Website and integrated e-commerce solutions for Dolphin Info, USA, manpower resourcing for Lucent Professional Inc, USA
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| Location |
Hyderabad
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| Project cost |
Rs 60 million
|
| Funded by |
Equity (90%), term loan (10%)
|
| Kensource projections |
(2001) |
| Sales |
Rs 35 million |
| Profit |
Rs 4.5 million
|
| Earnings per share |
Re 0.80 |
| Forward P/E |
12 |
| Post-issue equity |
Rs 54 million |
| Return on equity |
8% |
| Comment |
The company has yet to prove itself
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| Rating *
|
D
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* 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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