July 11, 2000
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|
Company |
PNB Gilts |
Market Price |
Not listed |
Lead manager |
JM Morgan Stanley, Enam Financial Consultants, RR Financial Consultants |
Listing At |
BSE, NSE, Delhi
|
Opening/Closing |
July 11 / July 18
|
Promoters | Punjab National Bank |
Associate Co. |
Punjab National Bank, PNB Caps, PNB Securities, PNB Capital Services, PNB Housing Finance Co
|
Managing Director |
Arun Kaul
|
Post-issue Stake |
74.07%
|
Issue |
|
Size |
Rs 1050 million
|
Price |
Rs 30
|
On Application |
Rs 30
|
On Allotment |
Nil
|
Objective |
Augment long term resources, enhance net owned funds to increase participation in primary dealings
|
Business |
|
Product |
Primary Dealer
|
Location |
Bombay, Delhi, Calcutta, Madras, Ahmedabad
|
Project cost |
Rs 1050 million
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 2988 million
|
Profit |
Rs 860.4 million
|
Earnings per share |
Rs 6.3
|
Return on equity |
22% |
Comment | Safe company, decent returns, has a steady track record
|
Rating *
|
B
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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