PNB Gilts Limited

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  • Issue Opens : 11 July, 2000
  • Issue Price: Rs.30/- per share (FV - Rs.10/-)
  • Issue Size: 3,50,00,000 shares amounting to Rs.105.00 crores
  • Registrars to the Issue: M/s. MCS Ltd.
  • Issue Closes: 18 July, 2000
  • Minimum Application: 100 shares @ Rs.30/- each
  • Post-issue promoter’s (PNB) stake: 74.07%
  • Lead Managers: JM Morgan Stanley Ltd., Enam Financial Consultants Pvt. Ltd. and RR Financial Consultants Ltd.

Listing on: Delhi, Mumbai and National Stock Exchanges

Highlights of the Issue
  • Promoted by Punjab National Bank, a nationalized bank with track record of operational profits of over 100 years.
  • Track record of consistent profits and dividend payment since its inception.
  • No Non-Performing Assets (NPA). 
  • Received ISO 9002 Certification from British Standards Institution and is the first Primary Dealer in India to get such certification.
  • Short term borrowing program of the Company has been assigned a P1+ rating from CRISIL.
  • Total income increased from Rs 3316.7 lakhs in 1997 to Rs 15041.33 lakhs in 1999 and the net profit increased from Rs 1611.96 lakhs to Rs 4259.43 lakhs during the same period. For the 10-month period ended January 2000, the total income was Rs. 20442.53 lakhs and Net profit was 6016.89 lakhs.
  • Projected total income for the year 2001 stands at Rs 29880 lakhs and Net profit at Rs 8604 lakhs. EPS stands at Rs.6.37 and NAV at Rs.28.52 respectively.
  • Scrip is an average issue.

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