Magic Touch Infotech Limited |
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- Issue Opens :
- Issue Price: Rs.10 /- per share (Face Value
- Rs.10/-)
- Issue Size: 25,35,000 shares
amounting to Rs.253.50 lakhs
- Registrars to the Issue: Pinnacle Shares Registry Private Limited
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- Issue Closes:
- Minimum Application: 200 shares @ Rs2.50/-
per share
- Post-issue promoter’s stake: 23.07 %
- Lead Managers: Chartered
Capital And Investment Ltd.
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Listing on: Mumbai
and Ahmedabad Stock Exchanges |
- Ahmedabad based company operating since 1992.
- Engaged in low-end software products and internet-related
technologies.
- Issue proceeds will be used to develop and maintain
E-commerce related websites and develop software products for accounting, hotel management
and hospital management.
- Promoted by Mr. Dhaval Kotia, who has experience of 7 years.
- Total Income decreased from Rs.225 lakhs in 1996 to Rs.2.32
lakhs in 2000. During the same period, the net earnings improved from a loss of Rs. 0.19
lakhs to a profit of 0.70 lakhs.
- Estimated working capital requirement at Rs.50 lakhs for
FY2001.
- Projected total income at Rs. 217.5 lakhs, net profit at Rs.
132.96 lakhs and EPS at 1.56 for FY2001.
- Scrip is an average issue and the investors are advised to
be cautious before investing.
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