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Tag: NSE

  • Broadcast Initiatives fixes IPO price band at Rs 100-120, issue opens on 9 February

    Broadcast Initiatives fixes IPO price band at Rs 100-120, issue opens on 9 February

    MUMBAI: Broadcast Initiatives Limited, which holds Hindi news and views channel Janmat, has set the price band of its initial public offering (IPO) between Rs 100 and Rs 120 per share. to raise funds in the range of Rs 855 to Rs 1,026 million for expansion.

    The company will be raising Rs 1.02 billion at the top end of the price band. The proceeds of the issue will be used for the purchase of land and construction of studio, purchase of production, post production and broadcasting equipments and prepayment of loans.

    The issue will open on 9 February and close on 14 February. The company is offering 8.55 million equity shares of Rs 10 each which includes employee reservation of 1,00,000 equity shares at a premium.

    The net issue to the public will constitute 44.27 per cent of the fully diluted post issue paid-up capital of the Company. The promoters will continue to own 55.73 per cent of the equity shares on a fully diluted basis.

    Allianz Securities Ltd. is the book running lead manager (BRLM). Allianz Securities Limited, Enam Securities Private Limited and Almondz Capital Markets Private Limited are the syndicate members to the issue. The shares are proposed to be listed on BSE and the NSE.

    Janmat was commercially launched on 30 April 2006. A wholly owned subsidiary of Broadcast Initiatives Ltd., Sri Adhikari Brothers Media Limited (SABML) is in the process of launching a Marathi language channel, Mi Marathi. SABML has entered into an exclusive ad sales representation agreement with NDTV Media Limited for the sale of airtime on Mi Marathi channel.

  • TV18 goes live from NSE TV18 Media Centre

    TV18 goes live from NSE TV18 Media Centre

    MUMBAI: The Television Eighteen Group (TV18) and the National Stock Exchange have come together to form the NSE-TV18 Media Centre.

    CNBC AWAAZ went live this morning from the NSE-TV18 Media Centre housed at the NSE premise in Mumbai. The partnership aims to provide a platform to bring real-time reportage, corporate earnings and discussions with company management to a larger national and international audience.

    On the launch of the NSE TV18 Media Centre, Television Eighteen India Limited managing director Raghav Bahl ‘We believe that this is a concrete step further in enhancing levels of transparency and communication with investors. This is a first in the history of the Indian stock markets and TV18 is extremely proud to partner India’s leading stock exchange, the NSE.’

    National Stock Exchange managing director Ravi Narain added, ‘The setting up of the media centre is a step in line with global practices. Most of the leading exchanges worldwide have set up such platforms for real time coverage of markets. This I believe takes the exchange to the doorstep of the investor.’

    CNBC Awaaz editor Sanjay Pugalia also pointed out, ‘CNBC Awaaz has successfully completed 2 years in India and is the fastest growing channel in the country today. CNBC Awaaz cuts through jargon and gives information in a language understood by everyone, reaching out to a wider audience and that is the reason why CNBC AWAAZ is solely responsible for 55% growth in the business genre viewership. The partnership with NSE is our endeavour to make real time stock market information available for the investors’.

    The ‘e-inauguration’ beamed live on CNBC AWAAZ and was simulcasted on other TV18 network channels.Speaking on the occasion finance minister P Chidambaram said, ‘It is now time to focus our efforts on making information available instantaneously to the entire target audience – domestic and overseas. The joint initiative of TV18 and NSE to set up a media centre to bring real time linkages between markets, corporates and investing communities, live from the media centre is a step in this direction. I am sure that this would bring the viewer closer and will improve the level of communication between the company management and the shareholders’.

    Market hour programming on CNBC-TV18 and CNBC Awaaz will go live from the NSE.Also earnings coverage of NSE listed companies and listings on the NSE will be announced live from the NSE TV18 media centre.

  • Pyramid Saimira Theatre IPO subscribed over 15 times

    Pyramid Saimira Theatre IPO subscribed over 15 times

    MUMBAI: The entertainment industry is riding on the wave of a strong stock market boom. The latest initial public offering (IPO) to have won support of the investors is Chennai-based Pyramid Saimira Theatre Ltd. The issue has been subscribed 15.40 times, the company said.

    The equity shares of the company are proposed to be listed on BSE and NSE. Pyramid Saimira Theatre entered the capital market on 11 December with a public issue aggregating Rs 844.4 million. The price band was fixed at Rs 88 to Rs 100 per equity share of Rs 10 each

    The company has 148 screens and operates with over 1.8 million sq. ft. The IPO proceeds will be used for expansion of the current theatre chain into the northern region and consolidation in South India.

    Pyramid plans to reach 350 screens operational by March 2007 with 9.60 million sq.ft. under operational management. The company plans to have over 2000 screens in 1550 locations across India with 58.75 million sq. ft. under operational management by 2010.

    The total fund requirement is estimated at Rs 1.11 billion. This is being financed through IPO money and pre-issue capital and internal accruals of Rs 267.5 million. An amount of Rs 710.75 lacs has already been brought in by promoters on 30th November 2006 towards their contribution to the issue.

    The project also includes the conversion of theatres into digital exhibition systems by installing digital projectors, servers, VSAT terminals and audio and video equipments. Further, there will be investment in a central network operating center [“NOC”] which will enable service provisioning for content transmission, rights management, theatre management and networked revenue management.

  • Info Edge debuts with 62% premium on BSE

    Info Edge debuts with 62% premium on BSE

    MUMBAI: DotCom days are here again. Info Edge (India), a provider of online recruitment, matrimonial classifieds and related services in India (through its Websites naukri.com, jeevansathi.com etc) made a very impressive debut with a 62.5 per cent premium at Rs 520 on BSE today against the offer price of Rs 320 per share of Rs 10 each.

    The price shot up to Rs 623.80 intraday before closing for the day at Rs 593.20, a hefty premium of 85 per cent with a volume of 7.8 million equity shares on BSE.

    The volume on NSE was higher at 11.6 million equity shares, taking the total volume on both the exchanges to 19.4 million equity shares on the very first day.

    The company would use issue proceeds to purchase or lease real estate for their office, to acquire companies and use alternative delivery models such as messages through mobiles, etc. ICICI Securities and Citigroup Global Markets India were the book running lead managers to the issue.

    The company entered the capital market on 30 October with an IPO of 5.32 million equity shares in the price band of Rs 290 to Rs 320 per equity share. The issue closed on 2 November. The issue constitutes 19.5 per cent of the fully diluted post issue paid-up equity capital of the company.

    Info Edge wants to maintain its position as the leading provider of online recruitment solutions in India and further enhance its position as one of the leading providers of internet based matrimonial services. In addition, it seeks to diversify into and establish a position of leadership in the diverse spectrum of the online classified market and also to create such markets in those segments, which are currently catered to by the print media only.

    In order to achieve these objectives, it will continue emphasis on innovation and customization of its products and services, enhance and diversify its advertising revenue streams, leverage offline relationships and diversify into providing online classified services in new market segments.

    Presently its business activities are limited to primarily providing information exchange services in the recruitment, matrimonial and real estate markets; and the activities are concentrated in India.

    Now the Company proposes to diversify into other segments of the online classifieds market such as automobile products, educational products and industrial products and expand its present business to the countries in the Middle East and in South Asia. It also intends to start several initiatives to enhance the features and qualities of its currently existing products and services.

  • Bahl sells 2,00,000 TV18 shares to Network 18 Fincap

    Bahl sells 2,00,000 TV18 shares to Network 18 Fincap

    MUMBAI: Network 18 Fincap Pvt Ltd (previously known as SGA Finance and Management Services Private Limited) has acquired 2,00,000 equity shares of Television Eighteen India Ltd (“TV18”) from founder-promoter Raghav Bahl at Rs 650.25 per share.

    The transaction was by way of block deal executed on the stock exchange, TV18 said. “Pursuant to the sanction to the Scheme of Arrangement by the Hon’ble High Court of Delhi, Network 18 Fincap Private has acquired 2,00,000 shares from Bahl,” the company informed the NSE.

  • 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).

  • Zee bucks the trend as Sensex crashes

    Zee bucks the trend as Sensex crashes

    MUMBAI: The Sensex underwent a dramatic “corrective” drop of 157 points on 7 April but Zee Telefilms Ltd (ZTL), was among the few stocks that bucked the trend.

    ZTL, which closed the previous day’s trade at Rs 246.60 on the BSE, had opened the day on a strong note. Zee’s acquiring the telecast rights for one day international matches to be played by India on neutral venues over the next five years yesterday seems to have made the market hungry and it was just waiting for the next day’s trading to open to pounce on the stock. The buying spree even saw the stock price touching its 52-week high of Rs 270 (Rs 291 at NSE) before falling prey to the negative sentiment that gripped the market, around afternoon.

    The Bombay Stock Exchange (BSE) ended the session at 11,589.44, lower by 1.34 per cent than its previous closing mark, while the National Stock Exchange’s (NSE) 50 stock Nifty index settled at 3454.80, recording a 56.10 points or 1.6 per cent loss.

    During the early day trade, the Sensex had surged past the 11,900 mark to a new lifetime high of 11,930.66. Just when it seemed that the12,000 mark was within reach, the Sensex took a beating amid rumours that the regulator had banned eleven foreign institutional investors from participating in the market. Consequently, ZTL also took a plunge from its day’s best Rs 270 to a rather poor score of Rs. 244.60.

    Then, after SEBI came out with a denial of that report, the stock made a timely recovery along with a few blue chip stocks which also regained some lost ground. ZTL finally saw it closing for the day at Rs 250.10 at the BSE, up by 1.42 per cent or Rs 3.50 higher than its previous closing mark. At the NSE, it closed at Rs 250.45, up by 1.42 per cent or Rs 3.50 than the previous closing mark.

    A total of 2 million ZTL shares were traded during the day, while the average number of shares traded per day during the last two weeks period is 1.5 million.

    According to broking analysts indiantelevision.com spoke to, the positive performance ZTL has been displaying in the recent times shows that the stock is on its way to reach a value that is more in conformity with the levels that the Sensex has reached. “ZTL is yet to reach its real value and speaking about the overall performance of the stock in the recent times, we can assume that it is in the process of realising its actual price at the Sensex,” says an analyst.

    “Acquiring the neutral venue International cricket rights might have helped the stock to buck the negative trend at the Sensex today. But, there are more significant factors that have been boosting the stock overall. The four-way demerger, the remarkable improvement on the programming front, the advertising rates consequently going up, all have been helping the stock to attract buyers,” he adds.