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May 3, 2000
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|
| Company |
Softsol India Limited |
| Market Price |
Not listed |
| Lead manager |
Khandwala Securities Limited |
| Listing At |
Bombay and Hyderabad |
| Opening/Closing |
3rd May 2000 / 8th May 2000 |
| Promoters |
Mr. Srinivasa Rao Madala, Dr. (Mrs.) V.L.K Durga Madala
|
| Associate Co. |
Softsol Technologies Inc. USA, Softsol Resources Inc. USA
|
| Managing Director |
Mr. Shrinivasa Rao Madala |
| Post-issue Stake |
74.96% |
| Issue |
|
| Size |
341.29 million |
| Price |
Rs. 95, Rs. 10 per share at a premium of Rs 85
|
| On Application |
Rs. 47.50
|
| On Allotment |
Rs. 47.50
|
| Objective |
Expand infrastructure facilities for its Software Development Center, set up offices abroad |
| Business |
|
| Product |
Network Solutions, Legacy Systems, E-commerce, Client-Server / Migrations, ASP, Intranet and Web Applications
|
| Location |
Hyderabad |
| Project cost |
469.25 million
|
| Funded by |
Public issue and internal accruals |
| Kensource projections |
(2001) |
| Sales |
268.03 million |
| Profit |
134.01 million |
| Earnings per share |
Rs. 9.35 |
| Return on equity |
26% |
| Comment | Sound growth, good P/E and RoE. The company's prospects look good. |
| Rating *
|
B
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
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