ITV

Tag: IPO

  • Cinemax India Limited files Draft Red Herring Prospectus with SEBI for IPO

    Cinemax India Limited files Draft Red Herring Prospectus with SEBI for IPO

    MUMBAI: Cinemax India Ltd., the exhibition theatre chain operating 10 properties with 33 screens and 9,316 seats, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).

    Cinemax proposes to use the proceeds from the IPO primarily to meet the capital expenditure to be incurred for setting up screens across India. Apart from the expansion funding, the proceeds will be also be utilised for General Corporate Purposes including Acquisitions, as per an official release.

    Cinemax is part of the Mumbai-based real estate establishment Kanakia Group. For the year ended 31 March, 2006, Cinemax clocked a total income of Rs 438.60 million on a standalone basis with a net profit of Rs 67.64 million, states an official release.

  • Sun TV has big bang debut on BSE; closes 68% higher at Rs 1466.05

    Sun TV has big bang debut on BSE; closes 68% higher at Rs 1466.05

    MUMBAI: The Kalanidhi Maran promoted and Chennai-headquartered broadcaster Sun Television Limited got listed on the bourses on Monday with a huge bang. The scrip has been greeted with a lot of excitement and closed the day’s trading 67.55 per cent higher at Rs 1466.05 on the Bombay Stock Exchange (BSE).

    A total of 5,298,695 shares were traded on the opening day.

    At the National Stock Exchange (NSE), the scrip had an overall gain of 67.39 per cent and closed the day at Rs 1464.65. A volume of 11,585,515 shares have been traded on day one.

    Just how bullish the bourses are is about the scrip can be garnered from comments made by market analyst Rajesh Jain of Pranav Securities to CNBC TV18, where he said Sun TV should be part of every investor’s portfolio.

    Said Jain, “I would ride this Sun TV story. I might add on declines, if the strip does give that opportunity. Sun TV is a super pedigree media stock. It has been the leader in the south for almost a decade.

    “I think it would even rate better than some of the older plays available in the media space.”

    The scrip, which was offered through initial public offer (IPO) early this month at a tag price of Rs 875 per share, listed at Rs 1,111 on the BSE and Rs 1,000 on the NSE. Its BSE ID is 532733 and its NSE ID is SUNTV.

    In its IPO, Sun had come out with a fresh equity issue of 68,89,000 equity shares of Rs 10 each for cash, made entirely through the book building route.

    The issue constituted 10 per cent of the fully diluted post issue paid-up capital of the company. Following the issue, the shareholding of Sun TV Ltd principal promoter Kalanithi Maran has reduced to 89.99 per cent from 99.99 per cent (61,999,969 shares).

  • Radio Mirchi turnover rises 58 per cent in FY06, net profit at Rs 295 million

    Radio Mirchi turnover rises 58 per cent in FY06, net profit at Rs 295 million

    MUMBAI: Entertainment Network India Limited (ENIL) has posted a 57.69 per cent rise in gross turnover to Rs 1.2 billion for the fiscal ended 31 March 2006, as against Rs 762.2 million a year ago.

    Net profit stood at Rs 294.6 million as compared to a net loss of Rs 179.2 million in FY 2004-05.

    The earning before interest, depreciation, tax and amortisation excluding license fee for the year was Rs 445.7 million, a rise of 61.5 per cent over the previous year.

    For the last quarter of FY 06 fiscal, net profit was at Rs 54.9 million. ENIL, the company which operates FM broadcasting under the brand name of radio Mirchi, has announced its results for the first time since its initial public offering (IPO) in February 2006. Comparative fourth quarter figures for the previous year are, thus, not available.

    ENIL’s consolidated net profit stood at Rs 310.5 million for FY 06 while total income was at Rs 1.4 billion. Earning before interest, depreciation, tax and amortisation was Rs 407.6 million.

    Under the consolidated results fall the wholly owned subsidiary company Times Innovative Media Private Limited (TIMPL) for a period of five months. TIMPL was incorporated on October 26, 2005 and it acquired Event Management (3600) and Out of Home Media (Times OOH) business from Time Innovative Media Limited (TIML).

    ENIL has set its sights on increasing its turnover from the additional radio stations to be set up this year. The company has already launched its radio stations in Hyderabad, Jaipur and Bangalore.

    Times OOH won advertising rights of Delhi Metro – Connaught Place and Dwarka (13 stations), Kolkata Metro (80 hoardings spread across the city) amd Delhi-Noida toll bridge for a license fee of Rs.340 million payable over two to five years.

  • Sun TV raises Rs 6.3 billion through IPO

    Sun TV raises Rs 6.3 billion through IPO

    MUMBAI: Sun TV Ltd. is set to fix a price of Rs 875 per share, mopping up Rs 6.3 billion ($134.2 million) from its initial public offering (IPO) of 6.9 million shares.

    The IPO has received an overwhelming response and has been oversubscribed 47.05 .times. Total bids received from investors stood at 324110480. Sun had fixed Rs 875 as the price at the top end.

    The IPO offered a fresh equity issue of 68,89,000 equity shares of Rs 10 each for cash. The shareholding of Sun TV Ltd principal promoter Kalanithi Maran will now reduce to 89.99 per cent from 99.99 per cent (61,999,969 shares).

  • Sun TV IPO oversubscribed 8.16 times

    Sun TV IPO oversubscribed 8.16 times

    MUMBAI: The initial public offering (IPO) of Sun TV has received a strong response from investors with the issue being oversubscribed 8.16 times. The IPO, comprising 6889000 shares, kicked off on 3 April and closes on 7 April.

    According to data available as on 5 April, QIB’s (Qualified Institutional Buyers) have oversubscribed 13.57 times, indicating a big appetite for the issue.

    Showing less enthusiasm were the non institutional and retail individual investors. Only 1.38 per cent quota of non institutional investors have subscribed to the issue while 6.98 per cent was from retail investors.

    The issue has, so far, received 56233096 bids. Total bids received at the cut-off price stood at 130264. Sun has fixed a price band of Rs 730 to Rs 875 for the IPO.