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July 17, 2000
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|
| Company |
Zenith Global Consultants |
| Market Price |
Not listed |
| Lead manager |
Keynote Corporate Services, Dena Bank
|
| Listing At |
Pune, Hyderabad, Madras
|
| Opening/Closing |
July 17/July 22
|
| Promoters | Hiru Bijlani
|
| Associate Co. |
Zenith Consultants Pvt Ltd |
| Managing Director |
Hiru Bijlani
|
| Post-issue Stake |
74.98%
|
| Issue |
|
| Size |
Rs 18.02 million
|
| Price |
Rs 20
|
| On Application |
Rs 10 |
| On Allotment |
Rs 10 |
| Objective |
Part finance cost of training centers, set up an overseas office and an office in Calcutta
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| Business |
|
| Product |
Software consultancy, training, development
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| Location |
Bombay |
| Project cost |
Rs 40 million
|
| Funded by |
Mainly equity, Rs 4 million loan
|
| Kensource projections |
(2001) |
| Sales |
Rs 21 million
|
| Profit |
Rs 2.3 million
|
| Earnings per share |
Re 0.64
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| Return on equity |
4% |
| Comment | Why were shares issued at a lower price to promoters? Is there any clear expansion/growth path and why has it failed to pay last year's dividend?
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| Rating *
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D
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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