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Home > Money > Stocks > IPO Center > IPO Analysis
September 4, 2000
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 Company  Zen Technologies
 Market Price  Not listed
 Lead manager  IDBI
 Listing At  Hyderabad
 Opening/Closing  September 4/September 7
 Promoters  Ashok Atluri, Ravi Kumar, Selwyn Sameul and A V Rao
 Associate Co.  None
 Managing Director  Ashok Atluri
 Post-issue Stake  55.31%
 Issue  
 Size  Rs.19.10 million
 Price  Rs 10
 On Application  Rs 5
 On Allotment  Rs 5
 Objective  Financing expansion project, overseas office, working capital
 Business  
 Product  Small Arms Training Simulator
 Location  Hyderabad
 Project cost  Rs 66.8 million
 Funded by  Equity, debt
 Kensource projections  (2001)
 Sales  Rs 40 million
 Profit  Rs 10 million
 Earnings per share  Rs 1.32
 Forward P/E  8
 Post-issue equity  Rs 76.3 million
 Return on equity  14%
 Comment Novel product, only domestic supplier. But the Indian market is limited and difficult.
 Rating *  D

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

By Kensource Information Services Pvt Ltd.

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IPO Analysis

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