Ismit
Medical Technologies Ltd. |
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- Issue Opens :
- Issue Price: Rs. 10 /- per share (FV -
Rs.10/-)
- Issue Size: I30,00,000 shares amounting to Rs.300 lakhs
- Registrars to the Issue: Sindhu Corporate
Services Pvt. Ltd.
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- Issue Closes:
- Minimum Application: 200 shares @ Rs.5/-
each
- Post-issue promoter’s stake(Core
Promoters): 6.48%
- Lead Managers: Aryaman Financial Services
Ltd.
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Listing on: Hyderabad
and Ahmedabad Stock Exchanges |
- Existing profit making Medical Technology
Company diversifying into the area of telemedicine.
- Main activities include Training, R&D in
Telemedicine and Imaging Technology and also offer imaging services for clinical use to
patients.
- Issue proceeds would be used to set up
telemedicine project, to upgrade infrastructure facilities, to establish R&D center
for medical imaging technology and to retire the high cost debts.
- Sridhar, Ram Mohan, N.N.Rao and Panduranga
Reddy, well qualified have promoted the company.
- Total income of the company has increased from Rs.113.23 in
FY96 to Rs.114.09 lakhs in FY99 and net profit dipped drastically from Rs.17.16 lakhs to
Rs.3.75 lakhs. The nine month period ending December 1999 closed with total income at
Rs.70.42 lakhs and net profit at Rs.5.35 lakhs.
- Total income for the next two years starting FY2001 is
estimated to be Rs.630.09 lakhs and Rs. 688.37 lakhs respectively and net profit at
Rs.270.92 lakhs and Rs.298.43 lakhs respectively. EPS for the same period is estimated at
Rs.2.71 and Rs. 2.98 respectively.
- NRIs can apply on a repatriable basis.
- Investors are advised to be cautious.
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