Pragnya Software Systems Ltd.
  • Issue Opens : 14th August, 2000
  • Offer Price: Rs.10/- per share (FV - Rs.10/-)
  • Issue Size: 17,00,000 shares amounting to Rs.170 lakhs
  • Registrars to the Issue: XL Softech Systems Ltd.
  • Issue Closes: 21st August, 2000
  • Minimum Application: 200 shares @ Rs.5/- each
  • Post-issue promoter's stake: 53%
  • Lead Managers: Aryaman Financial Services Ltd.

Listing on: Hyderabad and Ahmedabad Stock Exchanges

Highlights of the Issue
  • Yet to place orders for plant and machinery worth Rs.148.02 lakhs.
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  • The overseas office premises, for which Rs.101 lakhs has been assigned, is yet to be set up.
  • Project has been appraised by APIDC, which has extended a loan of Rs.47 lakhs and subscribed to Rs.25 lakhs of equity.
  • Project cost estimated at Rs.720 lakhs.
  • Past projects were for Defense Labs and public sector undertakings.
  • Promoted by Dr.G.Murali Krishna and Sri.G.Venkata Krishna. The former is a Ph.D in Power Systems Engineering.
  • Issue proceeds will mainly be used to part finance cost of expansion of present operations.
  • Investors are advised to stay away.

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