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Review By K.M. Global Financial Services Ltd on August 21, 2012
Issue Period: August 16th-21st
Issue Price (Rs): 15.0
Issue Size (Rs Cr): 5.4
Mcap (Rs Cr): 15.0
Listing: BSE SME
Promoters: Mr Vishal Mishra, Mrs. Laxmi Agrawal, Mr. Abhay Gautam
Jointeca Education offers Educational ERP solutions through their product GuruSeva while their business is concentrated mainly in North India. Their product is offered both as a Desktop Application and as a service through the Software as a Service model (SaaS). The main Promoter, Mr. Vishal Mishra has over 14 years of experience in this business.
It is focused on the education, healthcare, publication and workforce management segments and sells its products through 29 dealers. It is targeting 2000 channel partners by 2015. Jointeca has also entered into a MoU with TransNational Computer LLC, Dubai for providing complete education management solutions.
We recommend that investors avoid Jointeca Education's IPO as the promoter's track record for growth is unproven while the entry barriers for their business seem weak. The company has done 1 cr of sales and are looking for a valuation of 15 cr.
Please note that our call is based on a fundamental evaluation of the company while the stock price for small issues is often affected by technical factors which are difficult to predict.
Review By K.M. Global Financial Services Ltd on August 21, 2012
The initial public offer (IPO) of Jointeca Education Solutions Ltd. offers an early investment opportunity in Jointeca Education Solutions Ltd.. A stock market investor can buy Jointeca Education IPO shares by applying in IPO before Jointeca Education Solutions Ltd. shares get listed at the stock exchanges. An investor could invest in Jointeca Education IPO for short term listing gain or a long term.
Read the Jointeca Education IPO recommendations by the leading analyst and leading stock brokers.
Jointeca Education IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Jointeca Education IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts mentioned in the above answer to "How is Jointeca Education IPO?"
Our recommendation for Jointeca Education IPO is to avoid.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to avoid the Jointeca Education IPO.
The Jointeca Education IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Jointeca Education IPO allotment status to check.
RHP