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Home > Money > Stocks > IPO Center > IPO Analysis
November 30, 2000
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 Company  Hifunda.com
 Market Price  Not listed
 Lead manager  Ashika Credit Capital
 Listing At  Hyderabad, Calcutta
 Opening/Closing  November 27/December 1
 Promoters  Vijay Jain, S K Sultania
 Associate Co.  None
 Managing Director  Vijay Jain
 Post-issue Stake  60.28%
 Issue  
 Size  Rs 59 million
 Price  Rs 10
 On Application  Rs 2.50
 On Allotment   Rs 7.50
 Objective  To set up web portal and E-commerce shopping mall, upgrade existing hardware and software, fund marketing and brand development
 Business  
 Present  Hifunda.com, an e-shopping portal
 Proposed Project  Portal enhancement, E-commerce shopping mall
 Location  Calcutta
 Project cost  Rs 180.5 million
 Funded by  Equity and term Loan
 Kensource projections  (2001)
 Sales  Rs 20 million
 Profit  Rs 3 million
 Earnings per share  Re 0.20
 Forward P/E  15
 Post-issue equity  Rs 148.53 million
 Return on net worth  2%
 Comment With dot-coms dying the world over, it’s a surprise that this one is still hopeful
 Rating *  D

* 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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IPO Analysis

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