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Home > Money > Stocks > IPO Center > IPO Analysis
September 5, 2000
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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
 Rating *  C

* A=Subscribe & Hold; B = Subscribe & Watch C=Subscribe & Sell; D = Avoid

By Kensource Information Services Pvt Ltd.

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