- Bid Opens : Opening Shortly
- Bid Price Range :
- Offer Size : 14,40,000 shares for the Book
Built Portion and 1,60,000 for the Fixed Price Portion.
- Registrars to the Issue : Karvy
Consultants Ltd.
|
- Bid Closes: -
- Minimum Application : 50 shares and in
multiples of 50 (Book built portion) and 100 shares and in multiples of 50 for fixed
portion.
- Post Issue Promoter’s Stake : 45.59 %
- Lead Managers : ICICI
Securities and Finance Company, IDBI and SBI Capital Markets
|
|
|
|
Binary Semantics Limited (BSL) is a fast growing IT company
and also has wide presence in the overseas market.
- BSL is a part of Megasys Consultants, a US based company,
which is actively involved in IT.
- BSL’s client list include Graziano, Honda, Maruti,
Coca-Cola, UNDP, Andersen Consulting, ONGC, Siemens, L&T, Ranbaxy, etc.
- BSL is promoted by Mr. Akhil Chowdary, Pankaj Agarwal,
Rajesh Kumar Chowdary, Malini Agrawal who are quite experienced in the IT industry.
- The company’s total income increased from Rs.201.36
million in 1997 to nearly Rs.284.34 million in FY99. The half year closed on Sept 1999
with a total revenue of Rs 138.93 million. During the same period, the net profit
increased from Rs.6.55 million to Rs.14.35 million and in the half year it stood at Rs
14.33 million.
- The domestic revenues of the company has been increasing at
a CAGR of 17.1 % ( Rs 203.37 million in 1999) and the export revenues at a CAGR of 60.04 %
( Rs 76.46 million in 1998-99).
.
- The company has expected a total income of Rs 341.9 million
for 2000 and net profit of Rs 35.7 million for the period.
- BSL is expanding its infrastructure facilities for the
betterment of its software development. The company also plans to go for joint ventures
and acquisitions with major IT companies.
- BSL has estimated working capital of Rs.24.65 million in
2001 and capital expenses of Rs 130.42 million for the software infrastructure development
and Rs 90 million to fund mergers and acquisitions.
- The company is fundamentally strong and the actual
attractiveness will depend on the process of price discovery that takes place in the
course of book building.
|
