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April 27, 2000

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 Company  Weal Infotech
 Market Price  Unlisted
 Lead manager  Munoth Financial Services, Central Bank Of India
 Listing At  Hyderabad, Bangalore, Madras
 Opening/Closing  April 28, 2000/May 4, 2000
 Promoters  S Anand, Bhanu Prakash, K Satyanarayana
 Associate Co.  None
 Managing Director  P P Gupta
 Post-issue Stake  74.71%
 Issue  
 Size  Rs 13.2 million
 Price  Rs 10
 On Application  Rs 5
 Allotment  Rs 5
 Objective  Part finance the project, set up overseas liaison offices and a software development centre
 Business  
 Product  Portal development, interactive information dissemination kiosks, interconnectivity solutions, document management solutions
 Location  Hyderabad
 Project cost  Rs 46.9 million
 Funded by  Mainly through equity, a small part through a bank term loan
 Kensource projections  (2001)
 Sales  Rs 23 million
 Profit  Rs 6.1 million
 Earnings per share  Rs 1.17
 Return on equity  12%
 Comment  Portals, WAP, e-commerce and Interactive information dissemination kiosks. Impressive, yes, but let's not forget that the company has nothing to show yet except a board of well-educated directors
 Rating *  D

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

By Kensource Information Services Pvt. Ltd.

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