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Company |
Pritish Nandy Communications
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Market Price |
Not listed |
Lead manager |
J M Morgan Stanley |
Listing At |
BSE, NSE
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Opening/Closing |
Book bldg: September 4/September 11, Fixed price: September 25/October 3 |
Promoters |
Pritish Nandy
|
Associate Co. |
pnc.com Pvt Ltd / Pritish Nandy Com International FZE (WLL), Ajman, UAE, ideas.com India Pvt Ltd, Cyberscape India Pvt Ltd, PNC Theme Restaurants Pvt Ltd.
|
Managing Director |
Pritish Nandy
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Post-issue Stake |
38% |
Issue |
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Size |
2.6 million shares
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Price |
Face value: Rs 10, Floor price: Rs 155
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On Application |
Minimum shares retail - 50, others - 1100
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On Allotment |
— |
Objective |
Expansion, setting up Theme Centres, TV content, finance acquisitions, working capital.
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Business |
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Product |
Television Software
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Location |
Bombay |
Project cost |
Rs 458.4 million
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Funded by |
Equity, term loans
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Kensource projections |
(2001) |
Sales |
Rs 225 million |
Profit |
Rs 43 million
|
Earnings per share |
Rs 4 |
Forward P/E |
28 |
Return on equity |
8% |
Post-issue equity |
Rs 104.67 million |
Comment |
Mess of litigations. Profit for March 2000 boosted by 'investment' income, rosy projections, huge working capital needs, pie-in-the-sky projects, can flare up on low floating stock
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Rating *
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C
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* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
Money
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