| Syntel, Inc. | |||
| Ticker: | SYNT | 2800 Livernois, Suite 400 | |
| Exchange: | NASDAQ-National Market | Troy, MI 48083 | |
| Industry: | High-Tech (SIC Code 7371) | (248) 619-2800 | |
| Type of Shares: | Common Shares | Filing Date: | 6/6/97 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 8/11/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $11.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.77 | |
| Offering Amount: | $30,000,000 | Selling: | $0.44 | |
| Expenses: | $600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 25,000,000 |
| Manager | Tier | Phone |
| Hambrecht & Quist Incorporated | Lead Manager | (415) 439-3626 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Robertson, Stephens & Company | Co-manager | (415) 989-8500 |
| Issuer's Law Firm: | Dykema Gossett PLLC |
| Bank's Law Firm: | Sidley & Austin |
| Auditor: | Coopers & Lybrand |
| Registrar/Transfer Agent: | Harris Trust & Savings Bank |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $92.24 | $26.26 | $21.86 | Assets: | $32.40 |
| Net Income: | $2.77 | $0.85 | $1.17 | Curr Assets: | |
| EPS: | $0.13 | $0.04 | Liabilities: | $21.11 | |
| Prior EPS: | -$1.06 | $2.12 | Curr Liabilities: | ||
| Cash Flow/Oper: | $4.18 | Equity: | $11.29 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a worldwide provider of professional information technology staffing and outsourcing services to Fortune 1000 companies, as well as to government entities. The company's service offerings include TeamSourcing, consisting of professional IT staffing services, and IntelliSourcing, consisting of outsourcing sources for ongoing management, development and maintenance of business applications, including Year 2000 compliance services. The company believes that its service offerings are distinguished by its Global Service Delivery Model, a corporate culture focused on customer service and responsiveness, and its own internally developed "intellectual capital" based on a proven set of methodologies, practices and tools for managing the IT functions of its customers. Through TeamSourcing, the company provides professional IT staffing services directly to customers. TeamSourcing services include systems application, design, development, implementation and maintenance of complex IT applications involving diverse computer hardware, software, data, and networking technologies and practices. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for purchase of Syntel India; payment of undistributed S Corporation taxable income; and general corporate purposes, including working capital and possible future acquisitions. |