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| OMNITECH INFOSOLUTIONS
LIMITED |
SUBSCRIBE FOR
LISTING GAINS | |
Issue Price : Rs.90-105
Issue Open : Jul
19th
Issue Closes : Jul 25th |
The dynamics of today’s
political, economic and technological environment are driving
organisations to focus all energy and resources on their core
businesses and outsource the additional / support functions to
partner organisations with complimentary strength. At the same
time, information technology has become one of the most
critical needs to gain and retain cutting edge in the ever-
growing competitive environment. This scenario across the
globe has forced organisations to devise their business
strategies for outsourcing the IT related function to
identified partner(s) so that they can focus on their core
businesses and IT partner can consistently work with them to
provide cutting edge advantage for their core businesses
sustenance and growth.
Our Company was incorporated in the
year 1990. We are a technology service provider and are
dedicated to deliver a wide range of technology services as
well as technology - enabled services to our clients. Our
portfolio of offerings include a wide range of IT services and
products such as business availability services, business
continuity services, systems integration solutions, and
framework solutions and products. In business availability
services, we provide services such as infrastructure
management, application management and software testing. In
business continuity services, we provide services such as
disaster recovery management and disaster recovery consulting
and auditing.
Over a period of time, from being a third
party service provider and computer assembling company, we
have expanded our scope of activities by venturing into IT
solutions and Technology services.
We have a large client
base across the globe in different industry segments like BFSI
(Banking, Financial Services & Insurance), Manufacturing,
Utilities, Services, Government bodies etc. Our clients
include amongst others, prominent companies such as HDFC
Standard Life Insurance Company Limited, CRISIL Limited
WorldSoft Technologies Inc., Ami Impex Co.Ltd. and Emond
bvba.
OBJECTS OF THE ISSUE :
A. To fund
acquisition(s) / strategic investments and / or to
alternatively set up new technology cente.
B. To set up
overseas offices for business expansion.
C. To enhance our
existing facilities.
D. To set up new technology centrre.
E. To meet issues expenses.
F. To list the equity
shares of the Company on the BSE and NSE.
|
VALUATION :
|
OMNITECH INFOSOLTUIONS LTD HAS
POSTED A TURNOVER OF 77.63 CR & A NET PROFIT OF 12.17 CR
FOR THE YEAR FY07.THE COMPANY IS PROVIDING ITS SHARE AT A
PRICE BAND OF 95 - 105.TAKING INTO CONSIDERATION THAT ISSUE
GETS SUBSRCIBED AT 105 THE TOTAL NUMBER OF SHARES WOULD BE
1.32CR SHARES WHICH WOULD MEAN THAT THE COMPANY WOULD POST AN
E.P.S OF 9.29RS.AT THE PRICE BAND OF 95-105 THE ISSUE IS
COMMANDING A P.E OF 10.22 - 11.30. THE INDUSTRY AVG IS AT 15.
THE COMPANY HAS LEFT SOME ROOM FOR THE INVESTOR TO MAKE
LISTING GAINS. SUBSRCIBE FOR LISTING GAINS.
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| ZYLOG SYSTEMS LIMITED |
AVOID | |
Issue Price : Rs.330-350
Issue Open : Jul
20th
Issue Closes : Jul 25th |
Zylog Systems, promoted by
first generation entrepreneurs Sudarshan Venkatraman and
Ramanujam Sesharathnam, is a global services provider
delivering technology-driven business solutions. The major
focus is application development and integration including web
application, web services, application integration, business
Intelligence, data warehousing and mobile and wireless
applications; enterprise infrastructure management and quality
assurance & testing. The company also has a few products
-- Z*Connect and Z*Prism -- in the telecom space, insured
vehicle accident recovery system and claims management systems
in the insurance space; RTGS PayManager, VISTEM and WAP Page
in the banking, financial services and insurance (BFSI) space.
Over the last four years, Zylog Systems has made five
acquisitions. The company operates through two global
development centres in Chennai. It has overseas branches set
up across the US. The US headquarter is located in New Jersey.
Subsidiaries have also been set up in Singapore and United
Kingdom. But 98% of the revenue is derived from clients
located in the US. About 81.50% revenue comes from services
performed on site, up from 80.73% in the year ending March
2006 (FY 2006).
End March 2007, ZSL had 133 consultants
and 835 permanent employees with 635 technical staff and 127
support staff. The attrition rate of the software
professionals was 21.9% per annum in FY 2007.
The number
of clients increased to 259 clients in FY 2007, from 196 in FY
2006. The million-dollar clients increased to 16 in FY 2007,
from six in FY 2006. Repeat business constituted 88.9% of
revenue in FY 2007, up from 70.7% in FY 2006. Top client
contributed 3.84% (2.60% in FY 2006) of revenue, top 5 clients
15.44% (10.79%), top 10 clients 25.67% (18.27%) and
million-dollar clients 34.31% (12.56%).
OBJECTS OF THE
ISSUE :
A. To set up two state of the art Offshore
Development Centres (ODCs).
B. To fund acquisition(s) /
strategic investments.
C. To meet the increasing working
capital requirement.
D. To meet the issue expenses.
|
VALUATION :
|
ZYLOG SYSTEMS LTD HAS POSTED A
TURNOVER OF 407.48 CR & A NET PROFIT OF 54.70 CR FOR THE
YEAR FY07. AN E.P.S OF 33.20RS.AT THE PRICE BAND OF 330- 350
THE ISSUE IS COMMANDING A P.E OF 9.9 -10.5. THE INDUSTRY AVG
IS AT 26.THE NEAREST COMPARISON IS PRITHVI INFO WHICH COMMANDS
A P.E OF 6.6.BUT LOOKING AT THE TRACK OF THE COMPANY,COULD
EXPECT A HIGHER P.E. AVOID.
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| IVR PRIME URBAN DEVELOPERS
LTD |
AVOID | |
Issue Price : Rs.510-600
Issue Open : Jul
23rd
Issue Closes : Jul 26th |
IVR Prime Urban Developers
Limited (the “Company” or “IVR PUDL”), a subsidiary of IVRCL,
is a growing real estate development company focusing on
integrated townships, residential developments, and commercial
projects, including hotels, retail malls, IT parks and other
projects in various parts of India. As on January 23, 2007,
our Land Reserves consisted of approximately 2,298.75 acres,
representing approximately 56.63 million sq.ft. of Saleable
Area, in the cities of Hyderabad, Chennai, Bangalore, Pune and
Noida.
We were incorporated by our Individual Promoters in
1996 and became a subsidiary of IVRCL in 2001. Our Company was
selected as a special purpose vehicle to develop the
residential complex in Gachibowli, Hyderabad for the athletes
and officials of the 32nd National Games held there in
December 2002. Gachibowli Village Project, our first project,
marked our entry to the real estate market. Gachibowli Village
is a fully integrated township near Cyberabad, in Hyderabad,
spread over approximately 38 acres. We have completed
development of a built-up area of approximately 2 million sq.
ft. consisting of 17 high rise towers with 664 apartments and
125 independent villas. We are currently developing
approximately 0.77 million sq. ft. retail mall with a
multiplex cinema, which will include apparel stores,
restaurant outlets and entertainment centres, as well as an IT
park consisting of approximately 0.71 million sq. ft. office
tower above the retail mall. In addition, we plan to develop a
business hotel of approximately 0.50 million sq. ft.
Our
forthcoming projects, for which we have completed or are in
the process of completing land acquisition and for which we
have commenced project planning, include:
• an aggregate
Saleable Area of approximately 2.81 million sq. ft. in
Hyderabad, consisting of a high-rise residential and
commercial development at Hi-tech City and a retail mall, IT
park and hotel development at Gachibowli Village
• an
aggregate Saleable Area of approximately 37.95 million sq. ft.
in Chennai, including mass housing, an IT park, hotel, golf
course and convention centre
• an aggregate Saleable Area
of approximately 4.39 million sq. ft. in Bangalore, consisting
of residential apartments and villas and commercial
developments
• an aggregate Saleable Area of approximately
7.62 million sq. ft. in Pune, consisting of residential
apartments and villas and commercial developments and
• an
aggregate Saleable Area of approximately 3.86 million sq. ft.
in Noida, including high-rise residential development and
commercial development as part of a SEZ.
The above
forthcoming projects, aggregate approximately 7.84 million sq.
ft of Saleable Area, which are being developed on a joint
development basis.
OBJECTS OF THE ISSUE :
A.
Development and construction costs for the project at
Jigni.
B. Development and construction costs for the IT
Park and Mall at Gachibowli.
C. Repayment of loan to our
Parent Company.
D. Repayment of loan taken from Karnataka
Bank Limited.
E. Repayment of the costs towards the
development right costs to our Parent Company.
F. General
Corporate purposes.
|
VALUATION :
|
IVR PRIME URBAN DEVELOPERS LTD
HAS POSTED A TURNOVER OF 136.4 CR & A NET PROFIT OF 12 CR
FOR THE YEAR FY06 & AN E.P.S OF 2.FOR THE HALF YEAR ENDED
FY07 THE COMPANY HAS POSTED A TURNOVER OF 69 CR & A NET
PROFIT OF 13.9 CR & AN ANNUALISED E.P.S PF 4.33RS .AT THE
PRICE BAND OF 510 - 600 THE ISSUE IS COMMANDING A P.E OF 118
-138.THE INDUSTRY AVG IS AT 54.THE NEAREST COMPARISON IS
UNITECH WHICH COMMANDS A P.E OF 70.THE COMPANY HIGHLY
OVERPRICED AT THE CURRENT OFFERING PRICE.ONE COULD LOOK TO
AVOID.
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| |
| REFEX REFRIGERANTS
LIMITED |
AVOID | |
Issue Price : Rs.65
Issue Open : Jul 23rd
Issue Closes : Jul 26th |
Refex Refrigerants Limited was
incorporated on September 13, 2002 and is engaged in the
business of refilling non ozone depleting refrigerant gases
popularly known as ‘Hydro fluorocarbons’ or ‘HFCs’, which are
used in air conditioners, refrigerators and refrigerating
equipments. Refex forayed into HFC refrigerants that are
ecofriendly by nature
Refrigerants are substances with low
boiling points and large latent heats, at pressures above
atmospheric pressure. These substances absorb heat through
expansion or vaporization and lose the same through
condensation. Refrigerants are used mainly in the
Refrigeration and Air-conditioning production, hence the
demand for the Refrigerants Gas depends on the performance of
these industries.
With industrial development, the demand
for process related refrigeration and air conditioning has
increased. Production of Refrigerators in India has increased
from 24,69,430 units in the year 2001-02 to 51,39,010 units in
the year 2005-06. The number of air-conditioned cars
manufactured in India will touch 23,00,000 by end of 2010 from
the current 12,00,000 in 2005. Also the air-conditioning
industry in India is witnessing a sustained rise in demand
both at the consumer and commercial segments.
Refex has
reputed Corporates and MNCs like Hyundai Motors India Limited,
Godrej and Boyce Manufacturing Co.Ltd., Blue Star Ltd. and
Carrier Aircon Limited in its clientele list.
OBJECTS
OF THE ISSUE :
A. Part finance the Project of Expansion of
the present installed capacity of cylinders 2909.00 from 480
MT per annum to 3,000 MT per annum.
B. Meet the margin
money requirement for working capital.
C. Meet the issue
expenses.
D. Meet the expenses towards brand building.
|
VALUATION :
|
REFEX REFRIGERANTS LTD HAS
POSTED A TURNOVER OF 14.07 CR & A NET PROFIT OF 3.91 CR
FOR THE YEAR FY07 & AN E.P.S OF 2.57RS.THE ISSUE IS
OFFERED AT A PRICE OF 65 & P.E IS 25.THE INDUSTRY AVG IS
AT 14. THE NEAREST COMPARISON IS SRF WHICH COMMANDS A P.E OF
4.THE COMPANY HIGHLY OVERPRICED AT THE CURRENT OFFERING PRICE.
ONE COULD LOOK TO AVOID
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| CENTRAL BANK OF INDIA |
SUBSCRIBE FOR
LISTING GAINS AT CUT OFF | |
Issue Price : Rs.85-102
Issue Open : Jul
24th
Issue Closes : Jul 27th |
Central bank of india a public
sector banking institution with branches in 27 States and in
three Union Territories in India. According to the RBI’s
“Report on Trend and Progress of Banking in India, 2005-06” we
are the third biggest bank in India based on the number of
branches. As at March 31, 2007, we had 3,194 branches, 267
extension counters, 261 ATMs, 34 satellite offices, 17 zonal
offices and 78 regional offices. As at March 31, 2007, we had
a workforce of 39,055 employees (including part-time
employees) serving over 25 million customers
The Bank’s
main business is taking deposits, lending money and making
investments. Our deposit taking and lending business is
divided into three main areas: retail, agriculture and
corporate.
Our retail banking business provides financial
products and services to our retail customers. We provide
loans and dvances for housing, retail trade, automobiles,
consumer durables, education and other personal loans and
deposit services, such as current, savings and fixed deposits
for our customers.
OBJECTS OF THE ISSUE :
A.
Augment our capital base to meet the future capital
requirements arising out of the implementation of the Basel II
standards and the growth in our assets, primarily our loan and
investment portfolio due to the growth of the Indian economy,
and for other general corporate purposes.
B. Meet the issue
expenses.
|
VALUATION :
|
CENTRAL BANK OF INDIA LTD HAS
POSTED A NET INTEREST INCOME OF 6709 CR & A NET PROFIT OF
498 CR FOR THE YEAR FY07 & AN E.P.S OF 12.32RS.AT THE
PRICE BAND OF 85 - 102 THE P.E WORKS OUT TO BE 6.9 - 8.27.THE
NEAREST COMPARISON IS BANK OF BARODA WHICH COMMANDS A P.E OF
11 LOOKING AT THIS COMPANY IS EXPECTED TO GET HIGHER P.E AS
THE SIZE IS VERY BIG THEN BANK OF BARODA .SUBSCRIBE FOR
LISTING GAINS AT CUT OFF.
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| SEL MANUFACTURING CO
LTD |
AVOID | |
Issue Price : Rs.80-90
Issue Open : Jul
26th
Issue Closes : Jul 31st |
We are vertically integrated
textile company, manufacturing and exporting cotton yarn,
combed yarn, knitted fabrics and knitted garments with our
production facilities located in Ludhiana in Punjab and Baddi
in Himachal Pradesh. To cater to our target exports markets,
we have opened representative offices in Russia and Dubai.
Presently, majority of our production of garments is exported
to Russia and U.A.E. We are operating with a consolidated
capacity to manufacture 4.5 million garment pieces per annum.
Our capacities in cotton yarn and fabric knitting are at
approx 29,856 spindles (6,516 tons yarns per annum) and 1,950
tons of fabric knitting per annum respectively.
We
manufacture and export all types of knitted garments and our
main products include t-shirts, polo shirts, sweat shirts,
boxer shorts, thermals, girls top etc. A part of yarn produced
from our spinning units are captively consumed for our
knitting operations and balance is sold in both domestic as
well as overseas market. Similarly, the fabric that we knit is
also used for both knitted garment manufacturing and is sold
in local market as fabric.
OBJECTS OF THE ISSUE :
A. Cost of expansion project 184 crores.
B. Meet the
issue expenses.
|
VALUATION :
|
SEL MANUFACTURING COMPANY LTD
HAS POSTED A TURNOVER OF 73.77 CR & A NET PROFIT OF 10.56
CR FOR THE YEAR FY07 & AN E.P.S OF 6.94RS.AT THE PRICE
BAND OF 80 - 90 THE P.E WORKS OUT TO BE 8.64 - 13.THE INDUSTRY
AVG P.E IS AT 10.THE NEAREST COMPARISON ARE GANGOTRI TEXTILE,
BASML, NAHAR EXPORTS WHICH COMMANDS A P.E OF 7.6 ,12,7. THE
COMPANY IS OVERPRICED COMPARING ITS PEERS ALSO THE SECTOR IS
NOT ON THE FANCY LIST OF INVESTOR. AVOID.
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| ASIAN GRANITO INDIA
LIMITED |
SUBSRIBE FOR
HANDSOME LISTING GAINS | |
Issue Price : Rs.85-102
Issue Open : Jul
26th
Issue Closes : Jul 31st |
We are in the business of
manufacturing a wide range of vitrified tiles at various price
points. Our products include glazed, unglazed, rustic, matte,
homogenous and non-homogeneous body, water jet cutting, tailor
made designs or customized as per our clients requirement.
These products are manufactured at our plant in the Ceramics
Zone- Dalpur, Himmatnagar, District Sabarkantha, Gujarat.
In September 2002, our Promoters Mr. Kamleshbhai Patel,
Mr. Hashmukhbhai Patel, Mr. Mukeshbhai Patel and Mr.
Rameshbhai Patel took over the management of M/s Vasudev
Textile Industries Limited by taking over 100 % controlling
interest of the company. After the change in the management of
the company, the name of the company was changed to Asian
Granito India Limited and a new manufacturing unit for
vitrified tiles with a capacity of 4000 square meters per day
was set up. Commercial production commenced from October 2003
onwards. The capacity of the plant has been increased by 5000
square meters per day in January 2005 and further by 5000
square metres per day from July 2006. Thus we have total
capacity of 14,000 square meters per day or 5.11 million
square metres per annum.
OBJECTS OF THE ISSUE :
A.
Setting up of a wall tile unit.
B. Modernisation and
expansion of existing vitrified tile manufacturing unit.
C. General Corporate Purposes.
D. Issue Expenditure.
|
VALUATION :
|
ASIAN GRANITO INDIA LTD HAS
POSTED A TURNOVER OF 70.69 CR & A NET PROFIT OF 9.39 CR
FOR THE YEAR FY07 & AN ANNUALISED E.P.S WORKS OUT TO BE
8.94RS. AT THE PRICE BAND OF 85 - 102 THE P.E WORKS OUT TO BE
9.5 - 11.74.THE INDUSTRY AVG P.E IS AT 14. THE NEAREST
COMPARISON ARE NITCO TILES, MURDESHWAR CERAMICS, KAJARIA
CERAMICS WHICH COMMANDS A P.E OF 15,7,28. COMPANY IS POISED TO
WITNESS A CAGR OF 35% WHICH MEANS THE P.E WHICH IT COMMANDS IS
VERY LOW.EXPECT HANDSOME LISTING GAINS.
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