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Home > Money > Stocks > IPO Center > IPO Analysis
September 22, 2000
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 Company  Galaxy Multimedia
 Market Price  Not listed
 Lead manager  UTI Securities Exchange Limited
 Listing At  BSE, Hyderabad
 Opening/Closing  September 22/September 27
 Promoters  Vipin Rai Bhayana
 Associate Co.  None
 Managing Director  Vipin Rai Bhayana
 Post-issue Stake  50.75%
 Issue  
 Size  Rs 25.5 million
 Price  Rs 10
 On Application  Rs 10
 On Allotment  —
 Objective  Set up multimedia studio and post-production facilities, produce television software
 Business  
 Product  Television software, post-production facilities, multimedia studio.
 Location  Bombay
 Project cost  Rs 125.67 million
 Funded by  Equity, term loan
 Kensource projections  (2001)
 Sales  Rs 20 million
 Profit  Rs 4 million
 Earnings per share  Re 0.40
 Forward P/E  27
 Post-issue equity  Rs 100.5 million
 Return on equity  4%
 Comment The studio is still being built, will face stiff competition from existing players. Better to wait and watch.
 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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