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July 20, 2000
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|
| Company |
Tele Data Informatics |
| Market Price |
Not listed |
| Lead manager |
Systematix Corporate Services, PNB Capital Services
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| Listing At |
BSE, Madras
|
| Opening/Closing |
July 20/July 24
|
| Promoters | K Padmanabhan, N Sathivel
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| Associate Co. |
Sirus Shipping Company, BNP Dyes & Chemicals
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| Managing Director |
K Balasubramanian
|
| Post-issue Stake |
75%
|
| Issue |
|
| Size |
Rs 62.50 million
|
| Price |
Rs 25
|
| On Application |
Rs 7 |
| On Allotment |
Rs 18 |
| Objective |
Expansion of software development facility
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| Business |
|
| Product |
Software development, consultancy services, services training
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| Location |
Madras |
| Project cost |
Rs 123.47 million
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| Funded by |
Equity
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| Kensource projections |
(2001) |
| Sales |
Rs 59 million
|
| Profit |
Rs 24 million
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| Earnings per share |
Rs 2.37
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| Forward P/E |
10.5
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| Return on equity |
15% |
| Comment | Good capabilities. In 1996-97, turnover reduced due to too much dependence on shipping software. Has shifted focus to other products, but the dependence is still quite large
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| Rating *
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B
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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