Lanco Global Systems Limited |
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- Issue Opens : 21st July, 2000
- Offer Price: Rs.10/- per share (FV -
Rs.10/-)
- Issue Size: 26,70,000 shares amounting to
Rs. 2.67 crore
- Registrars : Aarthi Consultants (P)
Ltd.
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- Issue Closes: 26th July 2000
- Minimum Application: 200 shares @ Rs.5/-
each
- Post-issue promoter’s stake: 65.65%
- Lead Managers: UTI Securities Exchange
Limited
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Listing on:
Hyderabad, Ahmedabad and Mumbai Stock Exchanges. |
- Newly incorporated Hyderabad-based IT company.
- Subsidiary of Lanco group, a leading diversified group in
Andhra Pradesh.
- Promoted by Mr. Rajagopal, Mr.Bhaskara Rao, Mr.L.Sridhar and
Mr.Madhusudhan Rao, who are well qualified eminent professionals.
- Net Profit projected at Rs.168.55, Rs.225.34 and Rs.409.59
lakhs for the next three years respectively.
- Project involves setting up a software development center,
an office in USA and acquiring a software company in USA.
- Project, worth nearly Rs. 1185.70 lakhs, is appraised by
Global Trust Bank.
- NRIs/OCBs can apply only on a non-repatriable basis.
- Planned to hive off the web business into a separate
company.
- Investment in the company does not seem very
attractive.
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