- Issue opens : 18th August, 2000
- Offer Price: Rs.10/- per share (FV – Rs.10/-)
- Post-issue promoter’s stake: 22.34%
- Registrars to the Issue: Sindhu Corporate Services Pvt.
Ltd
|
- Issue Closes: 22nd August, 2000
- Minimum Application: 200 shares @ Rs.10/- each
- Issue Size: 14,00,000 shares amounting to Rs.14 million
- Lead Managers: Aryaman Financial Services Ltd. , Hyderabad
|
|
- Offers wide range of services in Internet Technology,
Application including E-commerce, E-business, Web-based Application Development for new
information system and renovation of existing systems.
- Project is appraised and funded by Bank of Madhura to the
extent of Rs.5.7 million.
- Issue proceeds will be used to fund the present software
Development facilities, to set up infrastructure facilities in related areas and to set up
overseas office.
- Mr.K.Govardhan Reddy, the Managing Director, is a well-
known industrialist.
- MOU with Magma Consulting Inc., California and Web
Solutions Inc, Texas to provide marketing support for the its software modules.
- NRIs can apply only on a repatriable basis.
- The company does not have a proper strategy and the
past ventures of the promoters had been widely in different areas with little or no
profits. Investors are advised to be cautious in picking up this issue.
|
