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July 3, 2000

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 Company  Mega Channel Computers
 Market Price  Not listed
 Lead manager  Aryaman Financial Services
 Listing At  Madras, Bangalore, Hyderabad
 Opening/Closing  July 3 / July 7
 Promoters T Bhaskaran, S Thevasenapathy, Parthasarathy, Tessy Joseph
 Associate Co.  None
 Managing Director  T Bhaskaran
 Post-issue Stake  29.81%
 Issue  
 Size  Rs 68.94 million
 Price  Rs 18
 On Application  Rs 5
 On Allotment  Rs 13
 Objective  Expansion of software development center, industry specific software solutions
 Business  
 Product  Custom made software for e-commerce and internet applications
 Location  Madras
 Project cost  Rs 97.91 million
 Funded by  Equity
 Kensource projections  (2001)
 Sales  Rs 18.70 million
 Profit  Rs 3.55 million
 Earnings per share  Re 0.46
 Return on equity  3%
 CommentUnclear growth plans, unrealistic projection, unjustified price
 Rating *  D

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

By Kensource Information Services Pvt. Ltd.

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