would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
I heard that People’s Leasing Group fully owned subsidiary of People’s Bank is going for IPO end of this year.
Wondering anyone know more information?
As far as I heard this IPO worth few billions.
I quickly gone through their numbers and I must say those look very impressive.
People’s Leasing performed extremely well during the year ended 31st March 2011. The Company was able to achieve an after tax profit of Rs. 2.6 billion during the current financial period with a growth rate of over 100% in comparison to the Rs. 1.2 billion for the previous year. Furthermore, the Company recorded a turnover of Rs9.8 billion which is a 25.6% increment compared to the value of Rs. 7.8 billion for the year
ended 31st March 2010. The Company’s asset base recorded a strong growth, and passed the Rs. 50 billion mark to reach Rs. 55.9 billion.
http://www.plc.lk/pdf/annual_report/annual_report_2010_2011/chairmans_review.pdf
Before (IF) they go for an IPO I think they have to sub divide their existing shares as currently they have only 50 million shares. Otherwise small retailers wont be able to afford the share price.
Any idea about this IPO (IPO price, when etc)?
If this is true then I'm not sure how it will drain (again) money from the market.
Specially current situation looks extremely volatile and fragile. If they come they have to come with very attractive price.
Wondering anyone know more information?
As far as I heard this IPO worth few billions.
I quickly gone through their numbers and I must say those look very impressive.
People’s Leasing performed extremely well during the year ended 31st March 2011. The Company was able to achieve an after tax profit of Rs. 2.6 billion during the current financial period with a growth rate of over 100% in comparison to the Rs. 1.2 billion for the previous year. Furthermore, the Company recorded a turnover of Rs9.8 billion which is a 25.6% increment compared to the value of Rs. 7.8 billion for the year
ended 31st March 2010. The Company’s asset base recorded a strong growth, and passed the Rs. 50 billion mark to reach Rs. 55.9 billion.
http://www.plc.lk/pdf/annual_report/annual_report_2010_2011/chairmans_review.pdf
Before (IF) they go for an IPO I think they have to sub divide their existing shares as currently they have only 50 million shares. Otherwise small retailers wont be able to afford the share price.
Any idea about this IPO (IPO price, when etc)?
If this is true then I'm not sure how it will drain (again) money from the market.
Specially current situation looks extremely volatile and fragile. If they come they have to come with very attractive price.
