|
|
|
| Company |
Visie Cyber Tech
|
| Market Price |
Not listed |
| Lead manager |
Aryaman Financial Services |
| Listing At |
Hyderabad, Bangalore and Calcutta
|
| Opening/Closing |
September 18/September 25 |
| Promoters |
C Ashok Vishnu and N Surya Kumar
|
| Associate Co. |
None
|
| Managing Director |
C Ashok Vishnu
|
| Post-issue Stake |
67.13%
|
| Issue |
|
| Size |
Rs 14 million
|
| Price |
Rs 10
|
| On Application |
Rs 5
|
| On Allotment |
Rs 5 |
| Objective |
Fund software development project, set up overseas office
|
| Business |
|
| Product |
Software training
|
| Location |
Hyderabad |
| Project cost |
Rs 53 million
|
| Funded by |
Equity, term loan from APIDC
|
| Kensource projections |
(2001) |
| Sales |
Rs 0.80 million |
| Profit |
Rs 0.16 million
|
| Earnings per share |
Re 0.05 |
| Forward P/E |
202 |
| Post-issue equity |
Rs 50.20 million
|
| Return on equity |
1% |
| Comment |
Size of operations is too small. Has no experience in the proposed project.
|
| Rating *
|
D
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
Tell us what you think of this analysis
|
