Jet Airways IPO vs Punjab National Bank FPO

Comparison between Jet Airways IPO and Punjab National Bank FPO.

IPO Details

Jet Airways IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Punjab National Bank FPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Jet Airways IPO is up to ₹1,899.35 Cr whereas the issue size of the Punjab National Bank FPO is up to ₹3,120.00 Cr. The final issue price of Jet Airways IPO is ₹1,100.00 per share and of Punjab National Bank FPO is ₹390.00 per share.

 Jet Airways IPOPunjab National Bank FPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹950.00 per share₹350.00 per share
Issue Price (Upper)₹1,125.00 per share₹390.00 per share
Issue Price (Final)₹1,100.00 per share₹390.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size1,42,45,111 shares8,00,00,000 shares
Fresh Issue Size (Amount)up to ₹1,566.96 Crup to ₹3,120.00 Cr
OFS Issue Size30,21,690 shares0 shares
OFS Issue Size (Amount)up to ₹332.39 Crup to ₹0.00 Cr
Issue Size Total1,72,66,801 shares8,00,00,000 shares
Issue Size Total (Amount)up to ₹1,899.35 Crup to ₹3,120.00 Cr

IPO Timetable

Jet Airways IPO opens on Feb 18, 2005, while Punjab National Bank FPO opens on Mar 07, 2005. The closing date of Jet Airways IPO and Punjab National Bank FPO is Feb 24, 2005, and Mar 11, 2005, respectively.

Financials & KPIs

Jet Airways IPO P/E ratio is 48.62, as compared to Punjab National Bank FPO P/E ratio of 9.33.

 Jet Airways IPOPunjab National Bank FPO
Financials

Company Financials (Restated)

Period Ended30 Sep 200431 Mar 200431 Mar 200331 Mar 2002
Assets4,281.914,108.684,511.154,438.83
Total Income1,966.673,565.742,942.102,649.70
Profit After Tax129.36163.11-244.45-13.43
EBITDA570.931,090.76695.38679.41
NET Worth284.83216.4467.26186.63
Total Borrowing2,813.982,901.913,498.353,199.65
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 200431 Mar 200431 Mar 200331 Mar 2002
Assets1,09,768.291,02,066.8185,885.5172,576.53
Total Income5,381.414,590.483,650.703,042.55
Profit After Tax551.521,108.69842.20562.39
EBITDA4,865.929,646.588,735.327,625.59
Reserves and Surplus5,116.114,325.183,385.402,665.82
Total Borrowing408.57662.161,289.061,952.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10080
Promoter Shareholding (Post-Issue)8061.47
P/E Ratio48.629.33
Market Cap₹9496.74 Cr.₹13466.80 Cr.
ROE
ROCE
Debt/Equity
EPS₹22.63₹41.79
RoNW68.93

Shares Offered

In the Jet Airways IPO Retail Individual Investors (RII) are offered 40,16,700 shares while in Punjab National Bank FPO retail investors are offered 40,16,700 shares. Qualified Institutional Buyers (QIB) are offered 96,40,081 shares in Jet Airways IPO and 3,20,00,000 shares in Punjab National Bank FPO.

 Jet Airways IPOPunjab National Bank FPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares0 shares
QIB96,40,081 shares3,20,00,000 shares
NII24,10,020 shares96,00,000 shares
RII40,16,700 shares2,24,00,000 shares
Employee12,00,000 shares80,00,000 shares
Others
Total1,72,66,801 shares8,00,00,000 shares

Bids Received (Subscription)

Jet Airways IPO subscribed in total, whereas Punjab National Bank FPO subscribed .

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Jet Airways IPO Vs Punjab National Bank FPO