Sunday, January 10, 2010

Birla Shloka Edutech IPO - Analysis, Recommendation and Review

Leave a Comment
Birla Shloka Edutech, a Yash Birla Group company has come out with a FPO of Rs. 34.77 crore. The FPO is scheduled to open on January 11, 2009 and will close on January 13, 2009. The price band is Rs. 45 - Rs. 50 and it has been decided that the minimum bid lot will be 120 shares and in multiples of 120 thereafter.

The company is engaged in sales and services of varied products to education institutions. It is engaged in providing IT infrastructure and imparting IT and IT enabled education in schools of varied boards. The share is trading around Rs 59 on the exchanges.

For the year ended March 31, 2009, it reported a net profit of Rs 31.45 lakh on total income of Rs 104 crore. For the period of 6 months ending September, 2009, it posted a net profit of Rs 74 lakh on a total income of Rs 64 crore. It has a debt of Rs 8.5 crore on its books.
If You Enjoyed This, Take 5 Seconds To Share It


Post a Comment