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|
|
| Company |
Pritish Nandy Communications
|
| Market Price |
Not listed |
| Lead manager |
J M Morgan Stanley |
| Listing At |
BSE, NSE
|
| 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
|
| Post-issue Stake |
38% |
| Issue |
|
| Size |
2.6 million shares
|
| Price |
Face value: Rs 10, Floor price: Rs 155
|
| On Application |
Minimum shares retail - 50, others - 1100
|
| On Allotment |
— |
| Objective |
Expansion, setting up Theme Centres, TV content, finance acquisitions, working capital.
|
| Business |
|
| Product |
Television Software
|
| Location |
Bombay |
| Project cost |
Rs 458.4 million
|
| Funded by |
Equity, term loans
|
| 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 *
|
C
|
* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid
By Kensource Information Services Pvt Ltd.
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