- Issue Opens : 28th July, 2000
- Bid Price: Rs. 165/- per share (FV - Rs.
5/-)
- Issue Size: 15,15,300 shares amounting to
Rs.25 crores
- Registrars to the Issue: Intime Spectrum
Registry Pvt Ltd.
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- Issue Closes: 01st Aug., 2000
- Minimum Application: 100 shares @
Rs.82.5/- each
- Post-issue promoter’s stake: 76.74%
- Book Running Lead Managers: HSBC Securities
and Capital Markets Ltd., Enam Financial Consultants Ltd.
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- Entered the industry in 1982 and is one of the leading media
companies.
- Main activity involves hiring of cinematic equipment,
generation and distribution of content for the entertainment industry.
- Successful films include Karma, Saudagar, Khalnayak, Pardes,
Taal and many others.
- Promoters own other companies, of which only some are doing
well.
- Subash Ghai, a well reputed producer and director, has
promoted the company.
- Total income has decreased drastically from Rs.1513.18 lakhs
in 1998 to Rs.440.77 and the net profit from Rs.293 lakhs to Rs.121.28 lakhs. The nine
month period ending December 1999 closed with total income at Rs.2376.5 lakhs and net
profit at Rs.657.44 lakhs respectively.
- Issue proceeds would be used to finance the establishment of
an integrated studio, to upgrade the studio by animation, to finance the acquisition of
rights of movies and to finance the setting up of web casting services.
- Total income for December 2000 is estimated at Rs.3250 lakhs
and the net profit at Rs. 2000 lakhs.
- NRIs can apply on non-repatriable basis and on NRO accounts.
- Investment can be considered for
short term.
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