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April 25, 2000

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 Company  Krisn Information Techologies
 Market Price  Unlisted
 Lead manager  Ashika Credit Capital
 Listing At  Hyderabad, Bangalore
 Opening/Closing  April 24, 2000/April 27, 2000
 Promoters  L V Subba Raju, P C Pantulu, M Rama Mohan
 Associate Co.  Cybermate Infotek, Global Infonet Technologies
 Managing Director  L V Subba Raju
 Post-issue Stake  74.35%
 Issue  
 Size  Rs 13 million
 Price  Rs 10
 On Application  Rs 10
 Allotment  Nil
 Objective  Part finance software development center, develop an e-commerce and web server maintenance center, overseas marketing office in the US
 Business  
 Product  Software development, consultancy, training and marketing of high-end packages
 Location  Hyderabad
 Project cost  Rs 57 million
 Funded by  Share capital, term loan, Interest accruals
 Kensource projections  (2001)
 Sales  Rs 15 million
 Profit  Rs 2 million
 Earnings per share  Re 0.4
 Return on equity  4%
 Comment  Not an established player, no substantial projects on hand. Over-ambitious projections.
 Rating *  D

* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid

By Kensource Information Services Pvt. Ltd.

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