Dhanus Technologies IPO opens Monday; price band at Rs 280-295

[praveen]

Dhanus Tehnologies Ltd will enter the capital markets on Monday with an initial public offering of 38,35,000 equity shares of Rs 10 each through 100 per cent book building process. The company fixed the priced band at Rs 280-295. The issue closes Wednesday.

The issue would constitute 21.37 per cent and the net issue would constitute 20.26 per cent of the fully diluted post issue paid up capital of the company.

The company proposes to utilise the proceeds to expand its infrastructural facilities and equipment base, construct a new corporate office and network operating centre.

Chennai-based Dhanus Technologies offers telecommunication and unified messaging and enhanced logistics services. The company's BPO unit has clients from the US, UK and Australia.

For the year ended June 30, the company's total income stood at Rs 90.46 crore and net profit at Rs 24.59 crore as against total income of Rs 35.93 crore and net profit of Rs 13.09 crore in the previous year.

SREI Capital Markets is the book running lead manager and Cameo Corporate Services is the registrar to the issue.

[Vikash_mehrotra]

As per the grey market premium, dhansuh is giving better returns that power grid. I have money for only one .. which one should I go for ???
Any pointers !!

[praveen]

Subscribe to Dhanus Tech with high risk, high return status: Networth

Networth Stock Broking has recommended subscribing to the intial public issue of Dhanus Technologies with a high risk, high return status.

The initial public offering of the company opened on Monday in the price band of Rs 280-295. The issue closes Wednesday.

“Dhanus Technologies is valued at 21.5 times (on diluted equity) its trailing twelve months earnings per share of Rs 13.7. The company will have to maintain its high growth on an increasing base sustaining its margins at 33 per cent to justify the price commanded,” the brokerage report said.

The company’s topline grew at compounded annual growth returns of 119 per cent to Rs 31.52 crore from Rs 4.7 crore. Net profit grew at compounded annual growth returns of 129 per cent in the same period.

Its operating margins have decreased from 40 per cent in 2005-06 to 33 per cent in 2006-07, the report adds.

Dhanus Technologies, a communications services company, deals in calling cards and teleservices. It recently developed a service called Fleetrac to be used logistic operators.

Its customer base increased to 4.68 lakh cards in 2006-07 (Apr-Mar) from 1.68 lakh global calling cards in 2004-05. The segment revenues have grown to Rs 50.3 crore in 2006-07 from Rs 23.1 crore in 2005-06.

Its software segment has grown to Rs 31.5 crore in 2006-07 from Rs.8.5 crore in 2005-06. The operating margin in this segment is around 47 per cent in 2006-07 (Apr-Mar).

[bhavin_1975]

Why Dhanus IPO Allotment is not showing on Cameoindia.com ??

[bhavin_1975]

What to do in Dhanus???

[desidata]

Dear Sir ,

The Stock will give you good listing returns and seeing the market condition we feel it will be better to book profits , tough the company is good in terms of business and management it will be better idea to get into the stock after some correction which we are expecting in the near term and we feel that you can get this stock cheaper , our advice is to book profits in the stocks and to be in cash in this no zone market.

Cheers
The dD team

[bhavin_1975]

Dhanus Fixed Price Rs 295.00
Expected Allotment 2moro Or Day After 2moro
On application of 320 shares firmly alloted 22 shares.