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Home > Money > Stocks > IPO Center > IPO Analysis
September 25, 2000
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 Company  Siris Soft
 Market Price  Not listed
 Lead manager  CIL Securities
 Listing At  BSE, Hyderabad
 Opening/Closing  September 25/October 3
 Promoters  Gokaraju Ganesh Kumar and B Kasi Raju
 Associate Co.  Siris Agro Limited, Siris Cellars Pvt Ltd
 Managing Director  Gokaraju Ganesh Kumar
 Post-issue Stake  74.63%
 Issue  
 Size  Rs 26 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Infrastructure expansion, market existing ERP products, set up branches in the US
 Business  
 Product  E-commerce applications
 Location  Hyderabad
 Project cost  Rs 110 million
 Funded by  Equity, term loan
 Kensource projections  (2001)
 Sales  Rs 65 million
 Profit  Rs 13 million
 Earnings per share  Rs 1.27
 Forward P/E  8
 Post-issue equity  Rs 102.5 million
 Return on equity  13%
 Comment Good financials, interesting alliances/tie-ups, yet, the only attraction is 'offer at par'.
 Rating *  C

* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing

By Kensource Information Services Pvt Ltd.

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