- Incorporated in 1999.
- Main activities include providing a web-based shopping mall,
which provides auction, barter, sell, quiz, matrimonial, travels and many other services.
- Issue proceeds would be used to set up a portal for
e-commerce shopping mall, to upgrade the hardware and software facilities and to fund the
marketing and brand development.
- Working capital requirement is estimated at Rs. 121.42,
Rs.191.85, Rs.255.38 and Rs.338.41 lakhs respectively for the next four years starting
FY2001.
- Mr.Vijay Jain, the promoter, has 10 years of experience in
companies like Berger Paints and ICI Limited.
- Samishka Resources Pvt. Ltd., Sultania Sanjay & Company,
Vishraj Marketing and Services Pvt. Ltd. and Vishraj Holdings Pvt. Ltd., are the other
ventures.
- Estimated revenues for the next three years starting FY2001
are Rs.470, Rs.893 and Rs.1250.20 lakhs. Net profit is estimated to be Rs.59.25, Rs.268.65
and Rs.445.3 lakhs and EPS at Rs.0.4, Rs.1.81 and Rs.3 respectively for the same period.
- Of the above issue, 10,00,000 shares are reserved for
allotment to NRIs. NRIs can apply on both repatriable as well as non-repatriable basis.
- Additional 10,00,000 shares are reserved for Institutional
investors and employees.
- Investors are advised to be careful.
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