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IEC Education
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Tracked by: 0 Boarder
its a gem and will do well . start buying below 30 . 100 is sure i feel...
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[News Analysis: Lead to Cash] - Rs 50Cr lift for Edurite's mega expansion plans (ET) - Sat, Sep 27, 2008
On Sept 27th, one interesting news appeared on ET (Page 6), it was on the expansion plan for Edurite Technologies a Bangalore-based educational content company started by Prof Jawahar, director - PES Institutions and G S Ravi.
Edurite's 2007 revenue was $2mn. They are planning to raise Rs50Cr thru PE funding for the purpose of expansion (Refer details on expansion mentioned in the newspaper, since it is not a listed company hence no point of mentioning in detail here) . It is targetting a topline of $100mn by 2010-11!!!
Yes, from a revenue of Rs8Cr to Rs400Cr (assuming $1=Rs40) in just 4 years time.....a 50times increase in revenue in just 4 years, shocking indeed!!!
But they can achieve this target just because they are in the right business at the right time and that the business is EDUCATION SECTOR (Read an exhaustive research on Education Sector & Best Companies available for investment which are reco by HBJ Capital team). One more reason because Edurite is acquired by Tutorvista who owned by entrepreneur K Ganesh who is well respected personality.
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Dear Bhat
pls confirm you are still bullish on the stock...
In reply to:
new pick
Posted by :
Bhat_RG
Anu,
My expectation was it will bounce back from 50 level, However, due to uncertainty in the indian bourses & global scenario have contributed to the downfall of this stock. There is absolutely no fundamental reason to fall to such an extent. I still hopeful of it will bounce back firstly to 55-60 level and next it will be 73 level. 
Tracked by: 1 Boarder
any update on this news ??...
In reply to:
new pick
Posted by :
anu11
I have heard of 1:10 stock split . i.e price will go to 5 and then double to 10 i.e 100 . Don't sell before 100 . Can you confirm ??
Jasavi is saying there is a bonus . any idea if either is true ??
Tracked by: 0 Boarder
Reliance Ind
Cairn
IEC
Mangalore Chem
In 3 years all will return atlest 50 %
At most 200 - 500 % ...
BSE Announcements on IEC Education
Posted by :
MMB MessengerTracked by: 0 Boarder
IEC Education Ltd has informed BSE that by an order dated August 13, 2008, the Honble High Court of Delhi at New Delhi has directed that separate meeting of the Equity Shareholders and of unsecured creditors of the Company will be held on October 18, 2008 for the purpose of considering and it thought fit, approving, with or without modification, the arrangement embodied in the proposed Scheme of Amalgamation between VEF Information System Pvt Ltd and the Company....
Tracked by: 0 Boarder
no problem to hold . floor price is 30 . one can buy below 35...
IEC forays into education verticals
Posted by : jasaviTracked by: 0 Boarder
IEC forays into education verticals
Bindu D. Menon
New Delhi, hINDu
Delhi-based IEC Software Ltd, with presence in IT Education, has recently forayed into other verticals of formal and non-formal education.
The listed company plans to invest Rs 200 crore by 2011 to strengthen its position in the kindergarten to the post-graduation market.
The company, which has presence in IT education through its franchisees and ICT installations at Government schools, said it has also recently acquired a finishing school VEF System Private Ltd, for Rs 6 crore.
“We want to consolidate our presence in the KG-PG segment. With our existing infrastructure we hope to leverage and grow in the formal education venture as well,” Mr Naveen Gupta, CEO of IEC, told Business Line.
The AICTE approved IEC College will provide formal education to students in the field of engineering, pharmacy, management and hotel management. This apart, the company also plans to add components like skill-set enhancement and personality development.
He said the company is also looking to launch more programmes in areas like paramedical and fine arts.
“We are also considering to apply for a deemed university status as we will have a presence in almost all verticals of education”.
India Education Centre Limited, incorporated on 23.08.1994 , was since its incorporation a frontrunner in imparting IT education. Later on 19.01.98 , India Education Centre Limited , change its name to IEC Softwares Ltd to realize its two fold ambitious objectives, one of Software Development projects, IT services, promotion of export of Computer Software and other ,Dissemination , promotion of knowledge in the field of Computer Education. However with the dot com burst and other economic slowdown factors in the year 2000 the business of the Company slowed down.
Thereafter the entire concentration of the promoters of IEC Softwares Ltd. was confined to its one segment, which was to provide basic IT and Computer Education through its franchisees and through tie ups with various State Governments for providing Computer Aided Learning(CAL) to various schools and colleges thereunder.But due to undefined bottom lines in this informal sector of education the revenues of the Company slashed down.
In the meanwhile , by 1999 the Company through its Vocational Educational Foundation (VEF) had already marked its entry in the formal sector of Education by setting up IEC College of Engineering and Technology, Greater Noida, which since 1999 has made a phenomenal progress and has expanded its field to pharmacy, Hotel Management , PGDM. Spearheading its success story in formal education sector,the promoters IEC Softwares Ltd. , who have acquired intensive experience of managing educational institutes are now ready to expand its horizons by setting up of chain of schools and colleges in India and Abroad. Further, the Turnover at a glance over a period of five year solely sourced from IT traning and Education and from the Franchisees.So apparently over a period IEC Softwares Limited is operating under informal sector of education and its just that now foraying into formal education sector.
Moving by the objective,”No Child left Behind” IEC Softwares Ltd is now ready to bear the responsibility of providing quality education to every single child from Kindergarten to Post Graduation (K.G to P.G), training and research in the fields of science, technology and management, Dental, Law, B.Ed .To provide state-of-the-art professional education and with a strong customer focus to our workforce, in order to usher in an Information Culture and Technology, management Revolution in the Country. IEC also aims in providing IT education and to reach out to the masses of a magnitude who are yet deprived of basic as well as computer education.
Thus to enable a smooth foray into the booming education sector, IEC need to change its objects so as to realign them in consonance with various proposed activities which the Company shall undertake in times to come.
Toward this integration, the Company has already struck a deal with a company specialised in providing learning support services to various educational institutes, and this Company is being merged with IEC Softwares.
Thereby, it is also proposed to change the name of Company from IEC Softwares Limited to IEC Education Limited, or any other name suitable to company’s proposed venturing into education business. This shall also help the Company in aligning itself with other companies in the peer group.
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Tracked by: 1 Boarder
stock is headed to 100 . Hold on ......
In reply to:
new pick
Posted by : jasavi
no clear direction . why is it flat ?
Tracked by: 1 Boarder
I have heard of 1:10 stock split . i.e price will go to 5 and then double to 10 i.e 100 . Don't sell before 100 . Can you confirm ??
Jasavi is saying there is a bonus . any idea if either is true ??...
In reply to:
new pick
Posted by : Bhat_RG
Anu,
My expectation was it will bounce back from 50 level, However, due to uncertainty in the indian bourses & global scenario have contributed to the downfall of this stock. There is absolutely no fundamental reason to fall to such an extent. I still hopeful of it will bounce back firstly to 55-60 level and next it will be 73 level.
Tracked by: 0 Boarder
I have heard of 1:10 stock split . i.e price will go to 5 and then double to 10 i.e 100 . Don't sell before 100 . Can anyone confirm ??...
Tracked by: 0 Boarder
I have heard of 1:10 stock split . i.e price will go to 5 and then double to 10 i.e 100 . Don't sell before 100 . Can anyone confirm ??...
In reply to:
Bonus by December 2008 ??
Posted by : jasavi
Bonus by December 2008 ?? Can anyone confirm this rumour ?
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Bonus by December 2008 ?? Can anyone confirm this rumour ?...
Tracked by: 1 Boarder
no clear direction . why is it flat ?...
In reply to:
new pick
Posted by : Bhat_RG
Anu,
My expectation was it will bounce back from 50 level, However, due to uncertainty in the indian bourses & global scenario have contributed to the downfall of this stock. There is absolutely no fundamental reason to fall to such an extent. I still hopeful of it will bounce back firstly to 55-60 level and next it will be 73 level.
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