Hitech Comvision Ltd.

.
  • Issue Opens :
  • Issue Price: Rs. 19 /- per share (FV - Rs.10/-)
  • Issue Size: 26,85,000 shares amounting to Rs.510.15 lakhs
  • Registrars to the Issue: Alankit Assignments Ltd.
  • Issue Closes:
  • Minimum Application: 400 shares @ Rs.5/- each
  • Post-issue promoter’s stake: 20%
  • Lead Managers: Haryana State Industrial Development Corp. Ltd.

Listing on: Delhi, Mumbai and Calcutta Stock Exchanges

Highlights of the Issue

  • Entered the multimedia and animation industry in 1999.
  • Has ISO 9001 Certification from International Certifications Ltd. for its activities relating to design and development of software for education, entertainment and business applications for its site at New Delhi.
  • Client list includes Ranbaxy, HP, Modi Xerox and many others. Also produced few serials being telecasted in Doordarshan.
  • Issue proceeds would be used for setting up of media and animation facilities, software development division and e-commerce division.  
  • Promoted by Bal, Prabhash Bhatnagar, Atul Garg, S.K.Sethi and Simmi Gupta.
  • Total Income stood at Rs.272.28 lakhs and net profit at Rs.11.13 lakhs in FY2000.
  • Projected income of the company for the next three years starting FY2001 is Rs.1334.4, Rs.1918.39 and Rs.2238.12 and Net profit at Rs.320.24, Rs.566.35 and Rs.637.75 lakhs respectively.
  • Working capital requirements for the next three years starting 2001 are estimated at Rs.428.13, Rs. 453.98, Rs. 522.35 respectively.
  • 7,89,000 shares are allotted to NRIs. They can apply on a non-repatriable basis.
  • A premium is not justifiable on qualitative grounds.

.

..

View Executive Summary

Get Executive Summary by E-Mail

Get Application Form by post

.

Top / Back 

IPO Home / Karvy Home