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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
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| Rating *
|
B
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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