|
May 8, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
| Company |
Rajesh Global Solutions |
| Market Price |
Not listed |
| Lead manager |
Canara Bank
|
| Listing At |
Bangalore and Madras
|
| Opening/Closing |
May 8, 2000 / May 10, 2000 |
| Promoters |
Rajesh Mehta, Prashant Mehta
|
| Associate Co. |
Rajesh Exports Ltd, Rajesh Jewels (P) Ltd
|
| Managing Director |
Rajesh Mehta
|
| Post-issue Stake |
75% |
| Issue |
|
| Size |
Rs 25 million |
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5
|
| Objective |
Set up a software development center at Bangalore
|
| Business |
|
| Product |
(Proposed) IT consultancy, software development, embedded systems
|
| Location |
Bangalore
|
| Project cost |
Rs 112.50 million
|
| Funded by |
Equity share capital and term loan from UCO Bank
|
| Kensource projections |
(2001) |
| Sales |
22 million
|
| Profit |
3.08 million |
| Earnings per share |
Re 0.31 |
| Return on equity |
3% |
| Comment | The company has yet to initiate its software operations. Not a safe bet.
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
Tell us what you think of this feature
|
