| Net Axis Software Services Limited |
| .` |
- Issue Opens : 07th August, 2000
- Offer Price: Rs.20/- per share (Face Value
Rs.10/- per share)
- Issue Size: 35,00,000 shares amounting to
Rs.700 lakhs
- Registrars
to the Issue: Karvy Consultants Limited
|
- Issue Closes: 11th August, 2000
- Minimum Application: 400 shares @ Rs.5/-
each
- Post-issue promoter’s stake: 25.75%
- Lead Managers: Doogar & Associates
Limited
|
|
|
|
Listing
on: Hyderabad, Chennai and Bangalore Stock Exchanges |
- Engaged in software training, consulting and development.
Networking is the core area of the company.
- Orders worth Rs.200 lakhs are confirmed.
- Orders for plant and machinery worth Rs.219.85 lakhs and software
worth Rs.20 million are yet to be placed. The office premises has not yet been identified.
- Issue proceeds will be used to set up software development
facility, develop and build web centric solutions, develop e-commerce solutions and meet
working capital requirements.
- Project cost estimated at Rs.1022 lakhs.
- Mr. M. Subramanya Rao & Mrs. Rohini S.Rao were the two main promoters. The business is
now handled by Mr.P.Jeya Kannan, Mr.V.Satiya Jayaram, Mr.K.Ravindranath and Mr.R.Ravi.
- Total income increased from Rs.19.87 lakhs in FY96 to Rs.110.10
lakhs in FY99. Net Profit during the same period increased from Rs.0.81 lakhs to Rs.6.53
lakhs. For the period ending February 2000, the total income was 148.46 lakhs and net
profit was Rs.6.86 lakhs.
- NRIs can apply on a non-repatriable basis.
Investors may be better
off taking a stake in this company in the secondary market rather than at this point of
time.
|
.. |
