Reply to thread

Message: <blockquote data-quote="sherlock" data-source="post: 11082289" data-attributes="member: 106046">20111006People’s Leasing IPO  People’s Leasing Company Ltd (PLCL) is a subsidiary of State owned People's Bank (PB). People’s Leasing Company was incorporated in 1995 as a fully owned subsidiary  of People’s Bank , the second largest state owned bank  in Sri Lanka, with the objective of providing leasing and  related services to the customers of PB. PLCL is planing to offer Three Hundred and Ninety Million  and Forty (390,000,040) Ordinary Voting Shares at Rs. 18/-  per Share to the public.Summary of PLCL IPONumber of shares to be issued      390,000,040.Issue Price                                      Rs 18.00 per share.Issue Opening Date                        3rd November 2011.Total Amount to be raised              Rs. 7,020,000,720.00.Minimum Subscription                   1000 shares. Registrars to the Issue                    S S P Corporate Services (Private) Limited Bankers to the IssueSampath Bank PLC People's BankNational Development Bank PLC Nations Trust Bank PLC PLCL IPO will be Sri Lanka's largest IPO after Dialog IPO in year 2005. NDB Investment Bank and Capital Alliance Holdings Limited are the joint financial advisors and managers to the offer.Future growth prospects for Leasing Industry in Sri Lanka is promising. There are several reasons for it. 1. There is a untapped market in North and East provinces of the country. 2. Increased vehicle purchases due to import tax reduction.3. Growth of the Economy. PLCL bears a long term rating of 'A (lka) Stable’ from Fitch Ratings Lanka Limited, signifying its strong  credit profile and excellent track record of performance.  Company made a profit of 2.6 billion rupees (2.07 per share) for the year ended 31st March 2011 and 1.73 billion rupees for the three months ended 30th June 2011. Is it worth subscribing for People’s Leasing  IPO?Without doubt it is worth. PLCL IPO is the most reasonably priced IPO among recent IPOs. It is huge IPO with large quantity of shares but it doesn't matter if it is having reasonable Earning Per Share and future growth potential. Based on 31st March 2011 EPS and issue price its Price Earnings Ratio is 8.69 which is significantly discounted compared to current CSE Market Price Earnings Ratio (17.17). Download People’s Leasing  IPO Prospectus<a href="http://www.cse.lk/270808/pdf/5_10_2011_Peoples_Pros.pdf" target="_blank">http://www.cse.lk/270808/pdf/5_10_2011_Peoples_Pros.pdf</a>Application Form<a href="http://www.cse.lk/270808/pdf/5_10_2011_Peoples_App.pdf" target="_blank">http://www.cse.lk/270808/pdf/5_10_2011_Peoples_App.pdf</a>Please read the Prospectus carefully prior to making an  investment decision.</blockquote>

Verification: Payakata winadi keeyak tibeda?

Top Bottom