MoneyWorks4Me

Petronet LNG shines on inviting bids for Rs 300 crore via book building process

06 Jun 2013 Evaluate

Petronet LNG is currently trading at Rs. 141.75, up by 0.80 points or 0.57% from its previous closing of Rs. 140.95 on the BSE.

The scrip opened at Rs. 140.50 and has touched a high and low of Rs. 142.75 and Rs. 140.50 respectively. So far 67,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.15 on 05-Nov-2012 and a 52 week low of Rs. 127.15 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 144.20 and Rs. 138.50 respectively. The current market cap of the company is Rs. 10,631.00 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.70% and 27.30% respectively.

Petronet LNG has invited bids for Rs. 300 crore through book building process for issuing Unsecured Redeemable taxable Non-Convertible Debentures (NCD) (Series I) for a period of five years through private placement basis. The cut off coupon rate is at 8.35% per annum.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

Peers
Company Name CMP
Petronet LNG 285.85
Linde India 6197.20
IRM Energy 267.95
Steamhouse India 113.92
Nilachal Carbo Metal 125.00
View more..