Based on the current market price, Cybermate Infotech has a current market capitalisation of nearly Rs 35.23 crore. The company has also been listed on Bangalore Stock Exchange. If the market cap continues to rise, this will provide the company with an option to list its shares on the premium stock exchanges. The activity at this counter is likely to increase as the company is likely to announce its full year results in a month's time.According to P C Pantulu, the managing director of Cybermate Infotech, the company may finalise the results in the next 20 days.

According to the profitability projections in the prospectus, the company is expected to cloak a net profit of Rs 47.14 lakh on a turnover of Rs 4.26 crore for the current fiscal. The company has a paid up capital of Rs 8.19 crore (post-issue). Based on the annualised EPS of Rs 1.67 for 1998-99, the share is currently quoting at a price-earning multiple of 25.74 times. For the fiscal 2000, net profit is projected at Rs 1.81 crore on a total income of Rs 9.74 crore.

The Pune-based KPIT Systems also commanded a very high PE of 77 on listing, which was listed at the Pune Stock Exchange with a 344 per cent premium to its offer price. KPIT's Rs 11.61-crore IPO was oversubscribed almost 42 times. In recent times, KPIT's was the second big software IPO after the resounding success of the Sonata Software issue. Sonata, which also was initially offered at Rs 90, was listed on the BSE atRs 225 and touched a high of Rs 245 on the opening day. The scrip had hit a high of Rs 485 earlier this month.

Cybermate's Rs 2.9-crore IPO was oversubscribed by 21 times and the demand-supply mismatch is currently pushing up the share. Promoters currently hold 64.61 per cent of the paid up capital in Cybermate Infotech. The balance is held by FIIs (9.15 per cent), public (25.02 per cent) and employees (1.22 per cent).