Datanet Systems Ltd. |
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- Issue Opens : 23rd August, 2000
- Issue Price: Rs.10 /- per share (FV -
Rs.10/-)
- Issue Size: 31,50,000 shares amounting to
Rs.315 lakhs
- Registrars to the Issue: Alpha Systems Pvt.
Ltd.
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- Issue Closes: 28th, August, 2000
- Minimum Application: 200 shares @ Rs.5/-
each
- Post-issue promoter’s stake: 22.49%
- Lead Managers: IndBank
Merchant Banking Services Ltd., BOB Capital Markets Ltd.
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Listing
on: Bangalore, Hyderabad and Mumbai Stock Exchanges |
- An Existing loss making Company.
- Main focus is in areas like Workflow
Automation and Computer Telephony Integration.
- Company has products for Banking Industry
like Bankflow, IBRFlow, ABB, Smart ABB, Smart ABB+ and Telebanker.
- Has a customer base of Bank Of Baroda,
Federal Bank, Vysya Bank and Department of Posts.
- Total income of the company has increased
from Rs.2.69 lakhs in FY96 to Rs.493.86 lakhs in FY2000 and the net loss decreased from
Rs.3.92 lakhs to a net profit of Rs.6.23 lakhs during the same period.
- Issue proceeds would be used to finance the
expansion of existing facilities and to meet the working capital requirements.
- Prabhakar, Nanjunda Swamy and Hari
Mohan Sharma are the promoters.
- Estimated revenues for FY2001 stand at
Rs.1555.61 lakhs and net profit at Rs.117.82 lakhs. EPS is estimated at Rs.0.94 for
the year.
- NRIs can apply on a repatriable basis,
through NRE/FCNR account.
- Investors are advised to be cautious.
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