Galaxy Multimedia Ltd.

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  • Issue Opens : 22nd Sept., 2000
  • Issue Price: Rs. 10/- per share (FV - Rs.10/-)
  • Issue Size: 25,50,000 shares amounting to Rs.255 lakhs
  • Registrars to the Issue: Mondkar Computers Pvt. Ltd.
  • Issue Closes: 27th Sept., 2000
  • Minimum Application: 200 shares @ Rs.10/- each
  • Post-issue promoter’s stake: 50.75%
  • Lead Managers: UTI Securities Exchange Ltd.

Listing on: Hyderabad and Mumbai Stock Exchanges

Highlights of the Issue

  • A Mumbai based recently incorporated company.
  • Main business is production of TV software Multimedia - Computer based tutorials
  • M TV, Channel V and Zee TV are the channels which have already telecasted the company's programs.
  • The company's programs include "Hotel Hindusthan" and "Three Brothers and Violin"
  • Estimated total income of the company stands at Rs 1307.41 lakhs and the net profit stands at Rs 307.75 lakhs.
  • Issue proceeds will be used to set up Multimedia and Post Production facilities and to facilitate TV software and to meet the requirement of long term working capital.
  • The project is in advanced stage of completion and the commercial production was scheduled to commence from April 2000.
  • Shri Vipin Rai Bhayana is the main promoter who has experience in different industries.
  • Application by NRIs/OCBs is to be made only on a non-repatriable basis.
  • Investors are advised to be cautious.

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