| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Satyam Infoway Ltd. |
| 271-A, Anna Salai, Teynampet, Chennai, India 600 018 |
| Business Description | The company is the second largest Internet service provider in India based on the number of customers. The company has more than 60,000 consumer Internet access subscribers and over 300 corporate customers at the end of June. |
| Offering Information Company has | |||
| Trading As | SIFY (NASNTL) | Industry | Internet (SIC 7379) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 09/21/1999 |
| Domestic Shares Offered | 2,505,000 | Offer Date | 10/18/1999 |
| Foreign Shares Offered | 1,670,000 | Filing Range | $16.00 - $18.00 |
| Company Shares | 4,175,000 | Offer Price | $18.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $1.260 |
| Gross Proceeds | $75,150,000 | Selling | $0.750 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 21,156,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Salomon Smith Barney | Co-manager | (212) 723-7300 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 03/31/1999 | 06/30/1999 | |||||
| Revenues | - | - | - | - | 2.378 | - | 1.860 |
| Income from Oper. | - | - | - | - | -3.696 | - | -0.976 |
| Net Income | - | - | - | - | -4.312 | - | -1.191 |
| E.P.S | - | - | - | - | -0.400 | - | -0.080 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -3.94 | - | -0.86 | ||||
| Cash Flow - Inv. | -3.36 | - | -2.52 | ||||
| Cash Flow - Fin. | 9.97 | - | 0.73 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 06/30/1999 | Financial Ratios | ||||
| Total Assets | 10.69 | Current Assets | 3.63 | Current Ratio | 0.44 |
| Total Liab. | 10.32 | Current Liab. | 8.19 | Debt Ratio | 96.54% |
| Total Equity | 0.37 | Working Cap. | -4.56 | Debt to Equity Ratio | 27.89 |
| Cash | 0.24 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for infrastructure expansion, develop content for its Internet portal business, advertising and brand promotion, debt repayment and general corporate purposes including possible investments and acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Latham & Watkins |
| Bank's Law Firm | Brobeck, Phleger & Harrison |
| Auditor | KPMG Peat Marwick |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |