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June 22, 2000
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|
| Company |
Pyxis Technology Solutions |
| Market Price |
Not listed |
| Lead manager |
Ashika Credit Capital
|
| Listing At |
Hyderabad, Calcutta
|
| Opening/Closing |
June 22, 2000 / June 28, 2000 |
| Promoters |
B Satish Kumar, B Suresh Kumar, V V Krishna Rao
|
| Associate Co. |
Vizag Profiles, Vizag Steel Profiles, Orion Transport, Orion Industries
|
| Managing Director |
B Satish Kumar
|
| Post-issue Stake |
71.33%
|
| Issue |
|
| Size |
Rs 20.60 million
|
| Price |
Rs 10
|
| On Application |
Rs 10
|
| On Allotment |
Nil
|
| Objective |
Part finance development center, develop e-business and web based application programs
|
| Business |
|
| Product |
Web integration and enablement services, portal development
|
| Location |
Hyderabad
|
| Project cost |
Rs 83.35 million
|
| Funded by |
Equity, term loan, Andhra Pradesh Industrial Develoment Corporation
|
| Kensource projections |
(2001) |
| Sales |
Rs 7.59 million
|
| Profit |
Rs 1.21 million
|
| Earnings per share |
Re 0.15 |
| Return on equity |
1% |
| Comment | The company is making a public issue of over 20 million and has given loans almost half of this amount to an associate company. Why?
|
| Rating *
|
D
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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